Analysis and Recommendation: The NZD/USD is exchanging at 0.8213 declining in sympathy to the AUD and the CAD as traders dump the commodity currencies as
The NZD/USD is exchanging at 0.8213 declining in sympathy to the AUD and the CAD as traders dump the commodity currencies as sentiment turns to risk aversion with no deal in the US.
New Zealanders spent 2.6% more in the week leading up to Christmas this year than they did a year ago, due mainly to a resurgent Canterbury region that wasn’t reeling from yet another earthquake.
Retail spending rose to $1.33 billion in the week ended Dec. 23, from $1.29 billion in the same week a year earlier, according to Paymark figures, which account for about three quarters of all electronic transactions. Almost a third of that increase came from Canterbury which registered an 8 percent left from a year ago when the country’s second-biggest city was dealing with a major earthquake.
Trading remains light as New Zealand markets reopened. Investors have pared back their hopes US legislators will set aside partisan differences and reach a deal to avert the fiscal cliff, which will likely plunge the world’s biggest economy back into recession. The stalemate is nearing crisis point with politicians set to come back Thursday to find a solution before the changes are enacted on Jan. 1.
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 26, 2012 actual v. forecast
Markets were closed on Christmas day and there were no economic releases or major data reports.
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 27 |
13:30 |
USD |
360K |
361K |
|
|
13:30 |
USD |
3200K |
3225K |
|
|
15:00 |
USD |
70.5 |
73.7 |
|
|
15:00 |
USD |
382K |
368K |
|
|
23:30 |
JPY |
-0.5% |
-0.5% |
|
|
23:50 |
JPY |
-0.5% |
1.6% |
|
|
23:50 |
JPY |
1.1% |
-1.2% |
Government Bond Auction
Date Time Country
Dec 27 10:10 Italy
Dec 28 10:10 Italy