By FXEmpire.com
NZD/USD Fundamental Analysis March 26, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)
The NZD/USD have bounced back a bit in today’s session trading at 0.8106 up from the open of 0.8093, after falling on disappointing GDP numbers.
Over the weekend, the trade balance for New Zealand will be released.
The New Zealand economy grew 0.3% in the fourth quarter, compared to consensus forecasts from economists and the central bank of a 0.6% pace.
The kiwi dollar fell after the figures were released amid speculation the central bank will be less inclined to raise interest rates any time soon.
Economic Data March 21 and 22, 2012 actual v. forecast
|
Mar. 21 |
00:30 |
AUD |
MI Leading Index (MoM) |
0.6% |
0.7% |
|
|
03:00 |
NZD |
Credit Card Spending (YoY) |
4.0% |
3.1% |
||
|
05:30 |
JPY |
All Industries Activity Index (MoM) |
-1.0% |
-0.5% |
1.6% |
|
|
08:30 |
THB |
Thai Trade Balance |
0.52B |
-0.10B |
-0.20B |
|
|
08:30 |
THB |
Thai Interest Rate Decision |
3.00% |
3.00% |
3.00% |
|
|
10:30 |
GBP |
MPC Meeting Minutes |
||||
|
10:30 |
GBP |
Public Sector Net Borrowing |
12.9B |
5.2B |
-10.2B |
|
|
11:30 |
EUR |
German 2-Year Schatz Auction |
0.310% |
0.250% |
||
|
12:00 |
USD |
MBA Mortgage Applications |
-7.4% |
-2.4% |
||
|
13:30 |
Leading Indicators (MoM) |
0.6% |
0.6% |
0.4% |
||
|
14:30 |
USD |
Fed Chairman Bernanke Testifies |
||||
|
15:00 |
USD |
Existing Home Sales |
4.59M |
4.61M |
4.63M |
|
|
Mar. 22 |
15:00 |
JPY |
Trade Balance |
-0.31T |
-0.34T |
-0.49T |
Economic Events for March 26, 2012 that affect NZD, AUD and JPY
Mar. 25 22:45 NZD Trade Balance
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
Mar. 26 00:50 JPY Retail Sales (YoY)
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
15:00 USD Pending Home Sales (MoM)
The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.
Government Bond Auctions (this week)
Mar 26 09:10 Norway Nok 3.0bn NST 474 3.75% May 2021 Bond
Mar 26 10:30 Germany Eur 3.0bn new Mar 2013 Bubill
Mar 26 15:30 Italy Details BTP/CCTeu auction on Mar 29
Mar 27 09:10 Italy CTZ/BTPei auction
Mar 27 08:30 Spain 3 & 6M T-bill auction
Mar 27 17:00 US Auctions 2Y Notes
Mar 28 09:10 Italy BOT auction
Mar 28 17:00 US Auctions 3Y Notes
Mar 29 09:10 Italy BTP/CCTeu auction
Mar 29 17:00 US Auctions 7Y Notes
Originally posted here
