By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is holding at 0.7971. The kiwi held near a seven-week high after the Federal Reserve extended its stimulus measures less than some traders expected and ahead of figures expected to show a modest pick-up in the local economy. The NZ GDP reported much better than expected, with a 1.1% increase as economists had forecast only a 0.5% increase.
The Chinese HSBC PMI, will disappoint, but the news of the upwards GDP should offset the news and keep the NZD trading higher today.
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 20-21, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
USD |
Interest Rate Decision |
0.25% |
0.25% |
0.25% |
|
|
USD |
FOMC Statement |
||||
|
USD |
Fed Chairman Bernanke Speaks |
||||
|
NZD |
GDP (QoQ) |
1.1% |
0.5% |
0.4% |
|
|
Jun. 21 |
CNY |
Chinese HSBC Manufacturing PMI |
48.10 |
48.40 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
There are no scheduled major economic events for the Asian Pacific Region on the 22nd.
Upcoming Government Bond Auctions
Date Time Country
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
Jun 26 09:30 UK
Jun 26 14:30 UK
Jun 26 17:00 US
Click here for updated NZD/USD News.
Originally posted here
