NZD/USD Fundamental Analysis February 12, 2013 Forecast

Analysis and Recommendation:

The NZD/USD declined in early trading on Monday to 0.8330 following cues from the Australian dollar. The number of loans granted to build or buy a house in Australia fell 1.5 percent in December from a revised 0.7 percent decline in November, according to the Statistics Bureau. Even after a disappointing jobs report last week, New Zealand’s economic fortunes are seen as improving this year, while Australia’s are on the decline as its decade-long mining boom comes off the boil.

New Zealand’s currency is expected to consolidate this week, with strategists mixed on where they see the kiwi moving in a survey. Three saw it gaining, two saw it little changed and two pick a decline.

The main local event this week is fourth-quarter retail sales on Friday, which is likely to show a 1.1 percent gain in volumes, according to a Reuter’s survey, bouncing back from a 0.4 percent decline three months earlier.

Ahead of that release, figures tomorrow are expected to show spending on electronic cards in January rose 0.3 percent. Six monthly corporate earnings will also build over the next few weeks.

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 February11, 2013 actual v. forecast

 

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

Upcoming Government Bond

Date Time Country 

Feb 12 09:10 Holland 

Feb 12 09:30 Spain 

Feb 12 10:10 Italy  

Feb 12 10:10 Norway 

Feb 12 10:30 Belgium 

Feb 12 15:30 UK 

Feb 12 18:00 US 

Feb 13 01:30 Japan 

Feb 13 10:10 Italy  

Feb 13 10:30 Germany 

Feb 13 15:30 Sweden 

Feb 13 18:00 US 

Feb 14 10:10 Sweden 

Feb 14 10:30 UK 

Feb 14 16:00 US 

Feb 14 18:00 US