By FXEmpire.com
Analysis and Recommendation: (close of the Asian session)
The NZD/USD continued its decent against the strong USD today, trading at 0.7597. A report just released should help support the kiwi in upcoming sessions.
Dun & Bradsheet named Australia as the safest economy in Asia-Pacific, Hong Kong second and Singapore third. New Zealand’s economy is the fourth-safest economy in the Asia-Pacific region, according to new research.
Australia’s risk rating has not been downgraded since 2008, although the country’s overall risk profile is classified as deteriorating.
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 for May 21, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
May 21 |
GBP |
Rightmove House Price Index (MoM) |
0.0% |
2.9% |
|
|
THB |
Thai GDP (YoY) |
0.3% |
-0.5% |
-8.9% |
|
|
NZD |
Credit Card Spending (YoY) |
3.7% |
5.3% |
||
|
JPY |
All Industries Activity Index (MoM) |
-0.3% |
0.0% |
-0.1% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
May 22 |
3:00 |
NZD |
2.5% |
|
|
14:00 |
USD |
4.48M |
||
|
23:50 |
JPY |
-0.62T |
||
|
May 23 |
0:00 |
AUD |
0.0% |
|
|
0:30 |
AUD |
0.2% |
||
|
TBD |
JPY |
|||
|
TBD |
JPY |
|
||
|
TBD |
JPY |
|||
|
14:00 |
USD |
328K |
||
|
14:30 |
USD |
Click here a current NZD/USD Chart.
Originally posted here
