By FXEmpire.com
Analysis and Recommendation: (close of the Asian session)
The NZD/USD is trading today at 0.7514. The kiwi dollar climbed from a six-month low as European Union leaders failed to reach agreements as talk Greece could leave the eurozone and after Finance Minister English’s budget.
The New Zealand dollar fell as low as0. 7454 overnight, from 0.7524 cent on Wednesday
The market is completely convinced that Greece will leave the euro but there is a massive fear factor out there.
Finance Minister Bill English’s fourth budget is a path towards getting the government’s books back into operating surplus in 2014/15, promising a second successive ‘zero’ budget.
The negative trade balance data released today, had little effect on the value of the kiwi.
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 23-24 actual v. forecast
|
GBP |
Retail Sales (MoM) |
-2.3% |
-0.8% |
2.0% |
|
GBP |
Retail Sales (YoY) |
-1.1% |
1.0% |
3.1% |
|
EUR |
Industrial New Orders (MoM) |
1.8% |
-0.1% |
-1.2% |
|
GBP |
CBI Industrial Trends Orders |
-17 |
-10 |
-8 |
|
Core Retail Sales (MoM) |
0.1% |
1.0% |
0.4% |
|
|
CAD |
Leading Indicators (MoM) |
0.3% |
0.3% |
0.3% |
|
CAD |
Retail Sales (MoM) |
0.4% |
0.4% |
-0.2% |
|
USD |
New Home Sales |
343K |
335K |
332K |
|
NZD |
Trade Balance |
355M |
500M |
186M |
|
May 24 |
CNY |
Chinese HSBC Manufacturing PMI |
48.70 |
49.30 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
May 25 |
TBD |
ALL |
|
|
13:55 |
USD |
Click here for updated NZD/USD News.
Originally posted here
