FXEMPIRE
All
Ad
Advertisement
Advertisement
Barry Norman
Add to Bookmarks

NZD/USD Fundamental Analysis October 15, 2014 Forecast
Analysis and Recommendation:

The NZD/USD eased by 3 points as the US dollar recovered in the Asian session. The kiwi is trading at 0.7891 remaining off its lows hit earlier this month. Currency markets have been volatile the past week on concern about the outlook for growth in major economies including Europe, China and Japan. However, some investors are now reconsidering the outlook after a report yesterday showed Chinese exports rose more than expected in September and imports unexpectedly accelerated. China, the world’s second-largest economy, is New Zealand’s largest trading partner. Chinese exports rose 15.3 percent in September from a year earlier, beating the 12 percent expectation in a Bloomberg survey, while imports rose 7 percent, against expectations of a decline, leaving China with a US$31 billion trade surplus. Imports of iron ore rose 16.5 percent and for copper gained 10.5 percent, suggesting China’s manufacturing base is still hungry for raw materials.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

The data comes after the International Monetary Fund and various central bankers expressed concern at the weekend that the pace of global growth is faltering. China Finance Minister Zhou Xiaochuan told the IMF’s International Monetary and Financial Committee that his country’s economic growth is expected to continue at a 7.4 percent annual rate of growth. China is New Zealand’s largest market.

New Zealand housing is becoming less affordable as rising wages are not enough to offset climbing house prices and interest rates, says Massey University’s latest quarterly Home Affordability Report.

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 actual vs. forecast:

 

Cur.

 

Event

Actual

Forecast

Previous

 

  JPY

 

CGPI (YoY) (Sep)

3.5%

3.6%

3.9%

 

 

  JPY

 

CGPI (MoM) (Sep)

-0.1%

-0.1%

-0.2%

 

 

  JPY

 

M2 Money Stock (YoY)

3.0%

2.9%

3.0%

 

 

  AUD

 

NAB Bus. Confidence

5

 

7

 

 

  AUD

 

NAB Business Survey

1

 

4

 

 

  NZD

 

RBNZ Offshore Holdings

63.70%

 

65.00%

 

 

Upcoming Economic Events that you should be monitoring:

 

Cur.

 

Event

Actual

Forecast

Previous

Wednesday, October 15

 

  CNY

 

CPI (YoY) (Sep)

 

1.7%

2.0%

 

 

  EUR

 

ECB President Draghi

 

 

 

 

 

  GBP

 

Claimant Count Change

 

-35.0K

-37.2K

 

 

  USD

 

Core Retail Sales (MoM)

 

0.3%

0.3%

 

 

  USD

 

PPI (MoM) (Sep)

 

0.1%

0.0%

 

 

  USD

 

Retail Sales (MoM)

 

-0.1%

0.6%

 

 

  EUR

 

ECB President Draghi  

 

 

   

Government Bond Auction

Date Time Country Auction

Oct 14 08:30 Spain 6 & 12M T-bill auction

Oct 14 09:30 Belgium 3 & 12M T-bill auction (Jan & Oct 2015)

Oct 15 09:03 Sweden Bond auction

Oct 15 09:30 Germany Eur 4.0bn Sep 2016 Schatz auction

Oct 16 08:30 Spain Bono/Obligacion auction

Oct 16 09:30 UK Auctions 0.125% 2024 I/L Gilt

Oct 16 15:00 US Announces details of 30Y TIPS auction on Oct 23

 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker