NZD/USD Fundamental Analysis July 17, 2012, Forecast

Posted July 16, 2012 5:37 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendation:

The NZD/USD is trading at 0.7963 adding some pips in today’s trading session. Markets and traders are still breathing a sigh of relief after the release of Chinese GDP data early on Friday.

Speculators were worried that the data would come in under forecast, which had already been cut, but it printed exactly as expected. Rumors of monetary stimulus by the PBoC has now become the focus of traders, as the Chinese government is doing all it can to stimulate growth and return to the 8.1% prior targets and to reach next year’s targets.

Japanese markets are closed for a regional holiday, and there is no eco data from the Asian markets due on Monday, so it should be a quiet day.

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.

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

Date	Time	Currency	Event	Previous
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%

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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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