Analysis and Recommendation: The NZD/USD continues to climb to trade at 0.8354. The US dollar index declined ahead of the US Federal Reserve two day
Analysis and Recommendation:
The NZD/USD continues to climb to trade at 0.8354. The US dollar index declined ahead of the US Federal Reserve two day meeting. Traders are expecting the FOMC to extend Operation Twist and also to increase stimulus, but no one is ever sure what Mr. Bernanke will do.
Ongoing US Fiscal Cliff negotiations continue to worry global traders, even though markets are sure that a deal will be struck; it is the structure of the deal that worries traders.
Underlining the relative strength of the domestic economy, Real Estate Institute figures showed the median house price in New Zealand set a record for a second straight month, reaching $383,250 in the strongest sales volume in five years. Sales rose 24 percent to 7,454 in November from a year earlier.
Government figures showed retail spending on debit, credit and charge cards rose 0.5 percent last month, more than expected, stoking optimism for a fourth-quarter rebound in retail sales after a surprise decline in the third quarter
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 December 11, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
Dec. 11 |
|
GBP |
|
|
RICS House Price Balance |
-9% |
-7% |
-7% |
||
|
|
AUD |
|
|
NAB Business Confidence |
-9 |
-1 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 12 |
13:30 |
USD |
-0.5% |
0.5% |
|
|
19:00 |
USD |
-147.5B |
-120.0B |
|
Dec. 13 |
23:50 |
JPY |
-10 |
-3 |
|
Dec. 14 |
04:30 |
JPY |
1.8% |
Government Bond Auction
Date Time Country
Dec 12 10:10 Italy
Dec 12 10:10 Sweden
Dec 12 10:30 Swiss
Dec 12 16:30 US
Dec 13 01:30 Japan
Dec 13 09:30 Spain
Dec 13 10:10 Italy
Dec 13 10:30 UK
Dec 13 16:00 US
Dec 13 18:00 US
Dec 14 11:00 Belgium
Dec 14 15:30 UK