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NZD/USD Fundamental Analysis December 28, 2012, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 02:00 UTC

Analysis and Recommendation: The NZD/USD is trading at 0.8204 moving between small gains and losses at the whim of the US dollar and global sentiment.

NZD/USD Fundamental Analysis December 28, 2012, Forecast

Analysis and Recommendation:

The NZD/USD is trading at 0.8204 moving between small gains and losses at the whim of the US dollar and global sentiment. While Australian markets are focused on the US fiscal negotiations the kiwi is focused on tough government rhetoric out of Japan. New Zealand is a prime trading partner with Japan and strengths and weakness in the JPY can have a direct effect on prices in the small country. The New Zealand dollar rose in local trading as the prospect of a stronger Japanese government stoked investors’ appetite for riskier assets, with stock markets gaining across Asia.

Global sentiment is shifting to the possibility that no deal will be struck in the US, even though there remains hope at this time that lawmaker will reach some agreements. Yesterday the US dollar weakened after comments from President Obama, saw traders move from the safety of the greenback to more risk assets helping the NZD to add a few pips.

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 27, 2012 actual v. forecast

Date

Time

 

Currency

 

Importance

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec. 27

00:00

 

USD

 

 

 

Richmond Manufacturing Index 

5

 

12 

 

 

 

 

06:00

 

KRW

 

 

 

South Korean manufacturing BSI

75.00

 

 

 

69.00 

 

 

 

12:30

 

THB

 

 

 

Thai Industrial Production (YoY) 

83.3%

 

68.5% 

 

36.0% 

   

 

14:00

 

JPY

 

 

 

Housing Starts (YoY) 

10.3%

 

10.0% 

 

25.2% 

   

 

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

As the year end approaches markets are very thin and there is very little eco data available

Date

Time

 

Currency

 

Importance

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec. 28

01:00

 

PHP

 

 

 

Philippines Trade Balance 

 

 

 

 

-483.0M 

 

 

 

01:30

 

JPY

 

 

 

Average Cash Earnings (YoY) 

 

 

-0.4% 

 

-0.4% 

   

 

01:30

 

KRW

 

 

 

South Korean Retail Sales (MoM) 

 

 

0.3% 

 

-0.8% 

 

 

 

04:30

 

THB

 

 

 

Thai Industrial Production (YoY) 

 

 

28.3% 

 

36.1% 

 

 

 

07:30

 

THB

 

 

 

Thai Trade Balance 

 

 

 

 

-0.10B 

 

 

 

07:30

 

THB

 

 

 

Thai Private Consumption (MoM) 

 

 

 

 

0.4% 

 

 

 

07:30

 

THB

 

 

 

Thai Private Investment 

 

 

 

 

0.90% 

   

 

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