By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading at 0.7956 after falling from the opening, at 0.7982. The pair fell after the current account figures were released, coming in below forecast. Economists surveyed had expected a -1.13b fall, but the actual showed a -1.31b change.
Investors have been worried about the global slowdown and the effects of contagion for the EU on the smaller commodity currencies. This is compounded by the Chinese economic repositioning, and a continued fall in Japan which hurts its neighbors and trading partners.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Economic Data June 19 – 20, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
USD |
Building Permits |
0.78M |
0.73M |
0.72M |
|
|
USD |
Housing Starts |
0.71M |
0.72M |
0.74M |
|
|
ALL |
G20 Meetings |
||||
|
NZD |
Current Account |
-1.31B |
-1.13B |
-2.83B |
|
|
JPY |
Trade Balance |
-0.66T |
-0.36T |
-0.51T |
|
|
Jun 20 |
AUD |
CB Leading Index m/m |
-1.4% |
-0.2% |
|
|
AUD |
MI Leading Index m/m |
0.5% |
0.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 21 |
12:30 |
USD |
386K |
||
|
13:00 |
USD |
54.0 |
|||
|
14:00 |
USD |
4.62M |
|||
|
14:00 |
USD |
-5.8 |
Upcoming Government Bond Auctions
Date Time Country
Jun 21 08:30 Spain
Jun 21 08:50 France
Jun 21 09:30 UK
Jun 21 09:50 France
Jun 21 15:00 US
Jun 21 17:00 US
Jun 22 15:30 Italy
Jun 25 09:10 Norway
Jun 25 09:30 Germany
Jun 25 10:00 Belgium
Jun 25 15:30 Italy
Jun 26 00:30 Japan
Jun 26 08:30 Holland
Jun 26 08:30 Spain
Jun 26 09:10 Italy
Click here a current NZD/USD Chart.
Originally posted here
