By FXEmpire.com

Analysis and Recommendation:(close of the Asian session)

The NZD/USD added 0.0019 to trade at 0.7893. The New Zealand dollar may fall from near a seven-week high as concern mounts that this week’s European leaders’ summit in Brussels will fail to deliver a durable solution to the region’s debt crisis. Although markets are not expecting much from the EU ministers, except for grand schemes and long term promises. As the euro crisis mounts, it will take a toll on the commodity currencies.
The kiwi as been strong on internal eco data and this week brings a few more reports, but the USD could mount a surge as risk aversion continues to grow.

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.

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event

Previous

Jun 27

Jun 28

12:30

USD

Durable Goods Orders m/m

0.2%

14:00

USD

Pending Home Sales m/m

-5.5%

14:30

USD

Crude Oil Inventories

23:50

JPY

Retail Sales y/y

5.8%

1:00

NZD

NBNZ Business Confidence

27.1

Jun 29

12:30

USD

Unemployment Claims

12:30

USD

Final GDP q/q

1.9%

22:45

NZD

Building Consents m/m

-7.2%

23:30

JPY

Household Spending y/y

2.6%

23:30

JPY

Tokyo Core CPI y/y

-0.8%

23:50

JPY

Prelim Industrial Production m/m

-0.2%

1:30

AUD

Private Sector Credit m/m

0.4%

12:30

USD

Core PCE Price Index m/m

0.1%

12:30

USD

Personal Spending m/m

0.3%

13:45

USD

Chicago PMI

52.7

13:55

USD

Revised UoM Consumer Sentiment

74.1

Click here for further NZD/USD Forecast.

Originally posted here