NZD/USD Fundamental Analysis June 5, 2012, Forecast

Analysis and Recommendation:

The NZD/USD  is trading at 0.7524 towards the end of the Asian session on Monday.

The New Zealand dollar is a risky assets and a carry asset. In an period where safe haven bond yields are hitting record lows and there is not much yield around, the fact the market is selling off high yielding assets like the kiwi tells you much about market sentiment and fear levels.

Not only are markets worried about the kiwi, they are also worried about the euro and the future of the eurozone. Compound this with the “spring stall” becoming evident in the US. China’s slowdown continues and it does not seem government intervention can really assist. If there is no one to sell to because global retail sales and manufacturing are falling, China is bound to suffer as long as the rest of the world is in crisis.

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 June 4, 2012 actual v. forecast

 

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

Government Bond Auctions

Date  Time  Country 

Jun 05  00:30  Japan 

Jun 05  09:30  Belgium

Jun 05 14:30  Sweden 

Jun 06  09:30  Germany 

Jun 06  09:30  Portugal 

Jun 06 14:30  UK 

Jun 07  00:30  Japan 

Jun 07  08:30  Spain 

Jun 07  08:50  France 

Jun 07  09:10  Sweden 

Jun 07  15:00  US 

Jun 08  10:00  Belgium 

Jun 08  15:30  Italy