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NZD/USD Fundamental Analysis December 12, 2012, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 00:00 UTC

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

NZD/USD Fundamental Analysis December 12, 2012, Forecast
NZD/USD Fundamental Analysis December 12, 2012, Forecast
NZD/USD Fundamental Analysis December 12, 2012, Forecast

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

Import Price Index (MoM) 

-0.5%

0.5%

 

19:00

USD

Federal Budget Balance 

-147.5B

-120.0B

 Dec. 13

23:50

JPY

Tankan Large Manufacturers Index 

-10

-3

Dec. 14

04:30

JPY

Industrial Production (MoM) 

 

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 

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