By FXEmpire.com
Analysis and Recommendation: (close of the Asian session)
The NZD/USD continues to decline trading at 0.7520. Unfortunately the currency is at the whim of global sentiment and markets. As the USD continues to gather strength in flights to safety and positive eco data, its trading partners are at a loss. With investors fleeing the euro and anything associated with the EU, the dollar is being pushed to recent highs.
Politicians and Economic organizations around the globe are pushing the EU to resolve its problems or come up with a plan.
China has been very vocal lately, dealing head on with their economic slowdown assuring markets that they will do everything possible to turn the corner.
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 22-23, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
GBP |
CPI (MoM) |
0.6% |
0.6% |
0.3% |
|
|
USD |
Existing Home Sales |
4.62M |
4.60M |
4.47M |
|
|
May 23 |
JPY |
Trade Balance |
-0.48T |
-0.60T |
-0.62T |
|
JPY |
Interest Rate Decision |
0.10% |
0.10% |
0.10% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
May 24 |
2:00 |
NZD |
|
|
5:00 |
JPY |
||
|
12:30 |
USD |
-0.8% |
|
|
12:30 |
USD |
||
|
12:30 |
USD |
-4.0% |
|
|
23:30 |
JPY |
-0.5% |
|
|
May 25 |
TBD |
ALL |
|
|
13:55 |
USD |
Click here to read NZD/USD Technical Analysis.
Originally posted here
