NZD/USD Fundamental Analysis January 16, 2014 Forecast

Analysis and Recommendation:

The NZD/USD tumbled 40 points to trade at 0.8342 after lackluster data Chinese data and a climb in the US dollar. Chinese financial data disappointed traders this morning with new loans and money stock falling below expectations otherwise the kiwi is responding to a jump in the US dollar.  The New Zealand dollar slipped against the greenback ahead of the Federal Reserve’s regional outlook, known as the beige book, and US manufacturing figures, both of which will likely show more strength in the world’s biggest economy.

The Dollar Index, a measure of the greenback against a basket of currencies, extended gains in local trading, and was recently at 80.86, having found support with better than expected consumer spending figures yesterday. That comes ahead of the Fed’s beige book and the New York Empire manufacturing survey, which will be looked on for signs of strength after a disappointing employment figures last Friday, which some analysts have put down to the harsh winter conditions.

 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 January 15, 2014 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Jan 16 09:30 Spain

Jan 16 10:30 UK

Jan 16 16:00 US

Jan 20 10:00 Slovakia

Jan 20 11:00 Belgium

Jan 21 01:30 Japan

Jan 21 09:30 Spain

Jan 22 10:30 Germany

Jan 23 01:30 Japan

Jan 23 10:03 Sweden

Jan 23 10:30 UK

Jan 23 11:00 France

Jan 23 16:00 US

Jan 23 16:30 Italy

Jan 23 18:00 US