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NZD/USD Weekly Fundamental Analysis, October 13-17, 2014 Forecast

By:
Barry Norman
Updated: Aug 25, 2015, 00:00 UTC

Weekly Analysis and Recommendation: The NZD/USD  eased by 50 points on Friday but trading in the negative most of the week to close at 0.7814. The US

NZD/USD Weekly Fundamental Analysis, October 13-17, 2014 Forecast

In this article:

NZD/USD Weekly Fundamental Analysis, 2014, Forecast
NZD/USD Weekly Fundamental Analysis, 2014, Forecast

Weekly Analysis and Recommendation:

The NZD/USD  eased by 50 points on Friday but trading in the negative most of the week to close at 0.7814. The US currency gained the past two days as trader’s reassessed minutes from the latest Fed meeting. A number of Federal Open Market Committee participants said the U.S. expansion “might be slower than they expected if foreign economic growth came in weaker than anticipated,” according to minutes of the Sept. 16-17 meeting on Oct. 8. The New Zealand dollar declined as investors regained confidence in the outlook for the US economy amid uncertainty about growth in other regions.

“The dollar strengthening trend is to continue,” said Michael Woolfolk, a global-markets strategist at Bank of New York Mellon in New York. “The reason why the market may have gotten a little bit of market indigestion over the minutes was that there really wasn’t much to focus on this week.”

The New Zealand dollar is heading for a 1.3 percent weekly gain against the greenback after the Federal Reserve warned a stronger US currency poses a risk to its economic recovery.

Traders will be keeping an eye out for news from the Group of 20 nations’ meeting of finance ministers in Australia, the escalating Ebola situation and the annual meetings of the International Monetary Fund and World Bank.

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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.

Historical: From 2011 to Present

Highest: 0.8842 USD on Aug 01, 2011

Average: 0.8131 USD over this period

Lowest: 0.7371 USD on Nov 25, 2011

 

NZDUSD(60 minutes)20141011102149

Upcoming Major Economic Events for the week of Oct 13-17, 2014

Time

Cur.

Imp.

Event

Actual

Forecast

Previous

Monday, October 13

 

 

Holiday

Japan – Health-Sports Day

 

 

Holiday

Canada – Thanksgiving Day

 

  CNY

 

Trade Balance (Sep)

 

41.00B

49.83B

 

Tuesday, October 14

 

  GBP

 

CPI (YoY) (Sep)

 

1.4%

1.5%

 

Wednesday, October 15

 

  CNY

 

CPI (YoY) (Sep)

 

1.7%

2.0%

 

 

  GBP

 

Average Earnings Index +Bonus (Aug)

 

0.7%

0.6%

 

 

  GBP

 

Claimant Count Change (Sep)

 

-35.0K

-37.2K

 

 

  USD

 

Core Retail Sales (MoM) (Sep)

 

0.3%

0.3%

 

 

  USD

 

PPI (MoM) (Sep)

 

0.1%

 

 

 

  USD

 

Retail Sales (MoM) (Sep)

 

-0.1%

0.6%

 

Thursday, October 16

 

  EUR

 

CPI (YoY) (Sep)

 

0.3%

0.3%

 

 

  USD

 

Philadelphia Fed Manufacturing Index (Oct)

 

19.9

22.5

 

Friday, October 17

 

  USD

 

Building Permits (Sep)

 

1.030M

1.003M

 

 

  CAD

 

Core CPI (MoM) (Sep)

 

 

0.5%

 

 

 

 

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