NZD/USD Fundamental Analysis August 14, 2012, Forecast

Posted August 13, 2012 4:29 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The NZD/USD is trading at 0.8119 as the kiwi dipped on Monday morning, weighed down by the negative data from China released on Thursday and Friday of last week.

China seemed to have missed their soft landing with most of the July eco data reporting below forecast.

New Zealand is dependent on its trade with China and Japan. Japan this morning reported a huge fall in their quarter over quarter and annual GDP.

New Zealand also reported very weak jobs data last week, which is being viewed as a leading indicator in the overall slowdown in the pacific corridor.

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 August 13, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Aug. 13

00:50

JPY

GDP (QoQ)

0.3%

0.6%

1.3%

00:50

JPY

GDP Price Index (YoY)

-1.1%

-0.8%

-1.3%

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date	Time	Currency	Event	Previous
Aug 14	1:30	AUD	NAB Business Confidence	-3
	1:30	AUD	New Motor Vehicle Sales m/m	-0.6%
	12:30	USD	Core Retail Sales m/m	-0.4%
	12:30	USD	PPI m/m	0.1%
	12:30	USD	Retail Sales m/m	-0.5%
	14:00	USD	Business Inventories m/m	0.3%
Aug 15	0:30	AUD	Westpac Consumer Sentiment	3.7%
	1:30	AUD	Wage Price Index q/q	0.9%
	12:30	USD	Core CPI m/m	0.2%
	12:30	USD	Empire State Manufacturing Index	7.4
	13:00	USD	TIC Long-Term Purchases	55.0B
	13:15	USD	Capacity Utilization Rate	78.9%
	13:15	USD	Industrial Production m/m	0.4%
	14:30	USD	Crude Oil Inventories
Aug 16	1:00	AUD	MI Inflation Expectations	3.3%
	12:30	USD	Building Permits	0.76M
	12:30	USD	Housing Starts	0.76M
	14:00	USD	Philly Fed Manufacturing Index	-12.9
	22:45	NZD	PPI Input q/q	0.3%
Aug 17	13:55	USD	Prelim UoM Consumer Sentiment	72.3

Government Bond Auctions

Date Time Country

Aug 14 09:10 Greece

Aug 14 09:10 Italy

Aug 14 09:30 Belgium

Aug 14 14:30 UK

Aug 15 09:10 Sweden

Aug 16 09:30 UK

Aug 16 15:00 US

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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