By FXEmpire.com
Analysis and Recommendation:
The NZD/USD is trading at 0.7901 on positive eco data. Statistics New Zealand said that the trade balance rose to a seasonally adjusted 301M, from 355M in the preceding month. Analysts had expected the trade balance to rise 300M last month.
Even though markets are not expecting much from the upcoming EU Summit, the hopes that some plan will be forthcoming to help control contagion and help foster growth in the EU the kiwi has been able to move upwards in today’s session.
The USD remains strong, as risk aversion continues to be the controlling market factors.
China’s recent statements that expects to meet its 2012 growth and economic projection is helping support the Asian Pacific markets and currencies, as they are very dependent on Chinese exports and imports.
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 25-26, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
15:00 |
USD |
New Home Sales |
369K |
346K |
343K |
||
|
Jun. 26 |
07:00 |
EUR |
GfK German Consumer Climate |
5.8 |
5.6 |
5.7 |
|
|
15:00 |
USD |
CB Consumer Confidence |
62.0 |
63.5 |
64.4 |
||
|
23:45 |
NZD |
Trade Balance |
301M |
300M |
335M |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 28 |
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 |
Upcoming Government Bond Auctions
Date Time Country
Jun 28 09:10 Italy
Jun 28 17:00 US
Click here for updated NZD/USD News.
Originally posted here
