Analysis and Recommendation: The NZD/USD gained 25 points to trade at 0.6580 as the greenback gave up some of its gains. Traders went running for cover
The NZD/USD gained 25 points to trade at 0.6580 as the greenback gave up some of its gains. Traders went running for cover on Tuesday after the incident between Turkey and Russia sparked a run on safe havens. The gain in oil prices helped a commodities rally which in turn supported the kiwi. In New Zealand today, the country’s largest exporter, Fonterra Cooperative Group, holds its annual meeting of shareholders in Waitoa, Waikato, and the Reserve Bank releases monthly data on high debt mortgage lending.
The dollar fell while the Japanese yen and Swiss franc edged higher Tuesday, as investors sought shelter in traditional safe haven currencies after Turkey shot down a Russian jet fighter, raising fears of a confrontation between the two countries.
Volume will likely become more subdued as the market heads toward Thanksgiving Day on Thursday. Trading will close for the holiday and reopen for a half-day on Friday.
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.
Today’s economic releases:
Cur. |
|
Event |
Actual |
Forecast |
Previous |
||
USD |
API Weekly Crude Oil Stock |
2.600M |
-0.200M |
-0.482M |
|
||
JPY |
Monetary Policy Meeting Minutes |
|
|
|
|
||
AUD |
Construction Work Done (QoQ) (Q3) |
-3.6% |
-2.1% |
2.1% |
|||
GBP |
BBA Mortgage Approvals |
|
45.5K |
44.5K |
|
||
AUD |
RBA Assist Gov. Debelle Speaks |
|
|
|
Upcoming Economic Events that you should be monitoring:
Wednesday, November 26, 2015
Cur. |
Event |
Actual |
Forecast |
Previous |
|
||
|
United States – Thanksgiving Day |
||||||
NZD |
Trade Balance (MoM) (Oct) |
|
-937M |
-1,222M |
|
||
NZD |
Trade Balance (YoY) (Oct) |
|
-3,370M |
-3,200M |
|
||
AUD |
Private New Capital Expenditure |
|
-3.0% |
-4.0% |
|
||
EUR |
GfK German Consumer Climate (Dec) |
|
9.2 |
9.4 |
Government Bond Auctions
Date Time Country
Nov 25 11:03 Sweden Sek 4bn 1% Nov 2026 bond
Nov 25 11:10 Italy Auctions CTZ/BTPei
Nov 25 11:30 Germany Eur 3bn 1.0% Aug 2025 Bund
Nov 25 17:30 US Usd 35bn 2-year FRN
Nov 25 19:00 US Usd 29bn 7-year note
Nov 26 11:03 Sweden Sek 5bn 1% Nov 2026 bond exchange
Nov 27 11:03 Sweden 1.5% Nov 2023 bond exchange, 1% Nov 2026 bond exchange
Nov 27 11:10 Italy Auctions BTPs
Nov 27 N/A Spain Announces details of 03 Dec
Nov 30 11:03 Sweden Holds bond auction
Dec 01 11:30 UK 1.5% 2021 Gilt auction
Dec 02 16:30 Sweden Announces details of Bond on 11 Dec
Dec 03 10:30 Spain Auctions
Dec 03 10:50 France Auctions OATs
Dec 03 11:03 Sweden Holds I/L bond auction
Dec 04 11:03 Sweden Holds I/L bond auction