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NZD/USD Fundamental Analysis – November 26, 2015 – Forecast

By:
Barry Norman

Analysis and Recommendation: The NZD/USD  gained 25 points to trade at 0.6580 as the greenback gave up some of its gains. Traders went running for cover

NZD/USD Fundamental Analysis – November 26, 2015 – Forecast

nzdusd wednesday bnsnla
Analysis and Recommendation:

The NZD/USD  gained 25 points to trade at 0.6580 as the greenback gave up some of its gains. Traders went running for cover on Tuesday after the incident between Turkey and Russia sparked a run on safe havens. The gain in oil prices helped a commodities rally which in turn supported the kiwi. In New Zealand today, the country’s largest exporter, Fonterra Cooperative Group, holds its annual meeting of shareholders in Waitoa, Waikato, and the Reserve Bank releases monthly data on high debt mortgage lending.

The dollar fell while the Japanese yen and Swiss franc edged higher Tuesday, as investors sought shelter in traditional safe haven currencies after Turkey shot down a Russian jet fighter, raising fears of a confrontation between the two countries.

Volume will likely become more subdued as the market heads toward Thanksgiving Day on Thursday. Trading will close for the holiday and reopen for a half-day on Friday.

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.

Today’s economic releases:

Cur.

 

Event

Actual

Forecast

Previous

 

  USD

 

API Weekly Crude Oil Stock

2.600M

-0.200M

-0.482M

 

 

  JPY

 

Monetary Policy Meeting Minutes

 

 

 

 

 

  AUD

 

Construction Work Done (QoQ) (Q3)

-3.6%

-2.1%

2.1%

   

  GBP

 

BBA Mortgage Approvals

 

45.5K

44.5K

 

 

  AUD

 

RBA Assist Gov. Debelle Speaks 

 

 

 

   

 

NZDUSD

Upcoming Economic Events that you should be monitoring:

Wednesday, November 26, 2015

Cur.

 

Event

Actual

Forecast

Previous

 

 

 

 

United States – Thanksgiving Day

  NZD

 

Trade Balance (MoM) (Oct)

 

-937M

-1,222M

 

 

  NZD

 

Trade Balance (YoY) (Oct)

 

-3,370M

-3,200M

 

 

  AUD

 

Private New Capital Expenditure

 

-3.0%

-4.0%

 

 

  EUR

 

GfK German Consumer Climate (Dec)

 

9.2

9.4

   

Government Bond Auctions

Date Time Country

Nov 25 11:03 Sweden Sek 4bn 1% Nov 2026 bond

Nov 25 11:10 Italy Auctions CTZ/BTPei

Nov 25 11:30 Germany Eur 3bn 1.0% Aug 2025 Bund

Nov 25 17:30 US Usd 35bn 2-year FRN

Nov 25 19:00 US Usd 29bn 7-year note

Nov 26 11:03 Sweden Sek 5bn 1% Nov 2026 bond exchange

Nov 27 11:03 Sweden 1.5% Nov 2023 bond exchange, 1% Nov 2026 bond exchange

Nov 27 11:10 Italy Auctions BTPs

Nov 27 N/A Spain Announces details of 03 Dec

Nov 30 11:03 Sweden Holds bond auction

Dec 01 11:30 UK 1.5% 2021 Gilt auction

Dec 02 16:30 Sweden Announces details of Bond on 11 Dec

Dec 03 10:30 Spain Auctions

Dec 03 10:50 France Auctions OATs

Dec 03 11:03 Sweden Holds I/L bond auction

Dec 04 11:03 Sweden Holds I/L bond auction

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