By FXEmpire.com
Introduction: The recent strength of the kiwi, a currency sometimes overlooked by traders, made its moves much more predictable. This applies to support and resistance lines alike. This is a very safe pair to trade, not a great deal of volatility but predictability.
Weekly Analysis and Recommendation:
The NZD/USD ended the week at 0.7959. Commodity currencies all improved on Friday, after investors moved away from risk and looked to other assets. Commodities and currencies all traded up on Friday.
Traders had been worried about the possibility of Chinese numbers coming in under forecast. On Friday the release eased market worries and investors moved to other assets.
|
Date |
Open |
High |
Change % |
||
|
Jul 13, 2012 |
0.7959 |
0.7896 |
0.7966 |
0.7890 |
0.80% |
|
Jul 12, 2012 |
0.7896 |
0.7949 |
0.7959 |
0.7862 |
-0.67% |
|
Jul 11, 2012 |
0.7949 |
0.7942 |
0.7999 |
0.7932 |
0.09% |
|
Jul 10, 2012 |
0.7942 |
0.7964 |
0.7988 |
0.7930 |
-0.28% |
|
Jul 09, 2012 |
0.7964 |
0.7970 |
0.7978 |
0.7929 |
-0.08% |
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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.
Major Economic Events for the week of July 9 – 13 actual v. forecast for Yen, the Aussie, the Kiwi and USD
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul 9 |
AUD |
ANZ Job Advertisements m/m |
-1.2% |
-2.6% |
|
|
NZD |
REINZ HPI m/m |
0.3% |
1.7% |
||
|
NZD |
NZIER Business Confidence |
-4 |
13 |
||
|
Jul 10 |
AUD |
NAB Business Confidence |
-3 |
-2 |
|
|
JPY |
Tertiary Industry Activity m/m |
0.7% |
0.2% |
-0.2% |
|
|
Jul 11 |
AUD |
Westpac Consumer Sentiment |
3.7% |
0.3% |
|
|
AUD |
Home Loans m/m |
-1.2% |
0.8% |
0.5% |
|
|
USD |
Trade Balance |
-48.7B |
-48.5B |
-50.6B |
|
|
USD |
Crude Oil Inventories |
-4.7M |
-1.3M |
-4.3M |
|
|
Jul 12 |
AUD |
MI Inflation Expectations |
3.3% |
2.3% |
|
|
AUD |
Employment Change |
-27.0K |
0.2K |
27.8K |
|
|
AUD |
Unemployment Rate |
5.2% |
5.2% |
5.1% |
|
|
JPY |
Overnight Call Rate |
<0.10% |
<0.10% |
<0.10% |
|
|
USD |
Unemployment Claims |
350K |
376K |
376K |
|
|
USD |
Import Prices m/m |
-2.7% |
-1.5% |
-1.2% |
|
|
USD |
Federal Budget Balance |
-59.7B |
-91.7B |
-124.6B |
|
|
Jul 13 |
USD |
PPI m/m |
0.1% |
-0.5% |
-1.0% |
|
USD |
Prelim UoM Consumer Sentiment |
72.0 |
73.5 |
73.2 |
Historical
Highest: 0.8816 USD on Jul 31, 2011.
Average: 0.7543 USD over this period.
Lowest: 0.6619 USD on Jun 07, 2010.
Economic Highlights of the coming week that affect the AUD, JPY, NZD and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 16 |
12:30 |
USD |
Retail Sales m/m |
-0.2% |
|
12:30 |
USD |
Empire State Manufacturing Index |
2.3 |
|
|
14:00 |
USD |
Business Inventories m/m |
0.4% |
|
|
22:45 |
NZD |
CPI q/q |
0.5% |
|
|
Jul 17 |
1:30 |
AUD |
New Motor Vehicle Sales m/m |
2.4% |
|
9:15 |
ALL |
G7 Meetings |
||
|
12:30 |
USD |
CPI m/m |
-0.3% |
|
|
13:00 |
USD |
TIC Long-Term Purchases |
25.6B |
|
|
13:15 |
USD |
Capacity Utilization Rate |
79.0% |
|
|
13:15 |
USD |
Industrial Production m/m |
-0.1% |
|
|
Jul 18 |
0:30 |
AUD |
MI Leading Index m/m |
0.5% |
|
12:30 |
USD |
Building Permits |
0.78M |
|
|
12:30 |
USD |
Housing Starts |
0.71M |
|
|
14:30 |
USD |
Crude Oil Inventories |
-4.7M |
|
|
Jul 19 |
1:30 |
AUD |
NAB Quarterly Business Confidence |
-1 |
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Existing Home Sales |
4.55M |
|
|
14:00 |
USD |
Philly Fed Manufacturing Index |
-16.6 |
|
|
Jul 20 |
1:30 |
AUD |
Import Prices q/q |
-1.2% |
Click here to read NZD/USD Technical Analysis.
Originally posted here
