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NZD/USD Fundamental Analysis January 1, 2013, Forecast

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

Analysis and Recommendation: The NZD/USD is trading on a positive note to end the year, adding 44pips to trade at 0.8242. News China helped support the

NZD/USD Fundamental Analysis January 1, 2013, Forecast

NZD/USD Fundamental Analysis January 1, 2013, Forecast
NZD/USD Fundamental Analysis January 1, 2013, Forecast
Analysis and Recommendation:

The NZD/USD is trading on a positive note to end the year, adding 44pips to trade at 0.8242. News China helped support the currency, with Chinese PMI reporting above forecast at 51.50 the strongest it has been in months, giving positive indications that Chinese manufacturing is past the downturn and back into expansion mode. New Zealand depends a great deal on its trade with the sleeping giant.

US markets continue to tumble as investors see no deal ahead of the midnight deadline. Senate Democrats have rejected the Republicans latest offer on averting $US600 billion ($NZ730.77b) of tax hikes and spending cuts. The US dollar continues to move erratically, reacting to press and public comments.

Markets will be closed tomorrow for the New Year’s holiday as the NZD is set to close well above market expectations.

I would like to take this time to wish my readers a happy and healthy New Year and a year full of successful trading.

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 31, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec. 31

 

AUD

 

 

Private Sector Credit (MoM) 

0.0%

 

0.3% 

 

0.1% 

 

 

 

 

CNY

 

 

Chinese HSBC Manufacturing PMI 

51.50

 

50.90 

 

50.90 

 

 

 

 

SGD

 

 

Singaporean Bank Landing (MoM) 

481.70B

 

 

 

479.40B 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Jan. 01

01:00

CNY

Chinese Manufacturing PMI 

51.00

50.60

Jan. 02

15:00

USD

ISM Manufacturing Index 

50.2

49.5

Upcoming Government Bond

Date Time Country 

Thursday, January 5: France will auction an estimated €7-8 billion ($9.1-10.4 billion) in 10-year and other long-term bonds 

Tuesday, January 10: Austria will auction €1.3 billion ($1.7 billion) in 5- and 10-year bonds

Thursday, January 12: Spanish 3- and 5-year bond auction

Friday, January 13: Italy will auction medium-long term bonds

Thursday, January 19: France will auction 5-year bonds

Thursday, January 19: Spanish 10-, 15-, and 30-year bond auction

Thursday, January 26: Italian long-term bond auction

Monday, January 30: Italian medium-long term bond auction

Monday, January 30: Belgian bond auction

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