NZD/USD Weekly Fundamental Analysis December 31, 2012 – January 4, 2013, Forecast

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Updated: Aug 21, 2015, 02:00 UTC

Introduction: The recent strength of the kiwi, a currency sometimes overlooked by traders, made its moves much more predictable. This applies to support

NZD/USD Weekly Fundamental Analysis December 31, 2012 – January 4, 2013, Forecast

Weekly Analysis and Recommendation:
The NZD/USD opened the holiday week at 0.8230 and climbed as high as 0.8243 before crumbling on Friday as traders ran for cover dumping risk and commodities, leaving commodity currencies to tank. The New Zealand currency has outperformed versus most currencies and is poised to end the year 6 percent higher versus a currency basket.

Date	Last	Open	High	Low	Change %
Dec 28, 2012	0.8198	0.8210	0.8227	0.8182	-0.16%
Dec 27, 2012	0.8211	0.8195	0.8227	0.8164	0.20%
Dec 26, 2012	0.8195	0.8224	0.8243	0.8156	-0.35%
Dec 25, 2012	0.8224	0.8224	0.8238	0.8214	0.00%
Dec 24, 2012	0.8224	0.8230	0.8236	0.8212	-0.07%

The US fiscal cliff is the overall market mover and as the deadline approaches traders are moving to the sidelines or to safety pushing up the US dollar.

President Obama summoned political leaders to his office on Friday to discuss and push for an agreement. Leaders are expected to negotiate over the next 48 hours and a vote is planned for Sunday, even though there is no deal on the table as of yet.

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.

Major Economic Events for the week of December 24 -28 actual v. forecast for Yen, the Aussie, the Kiwi and USD

Date	Currency	Event	Actual	Forecast	Previous
Dec. 27	USD	Initial Jobless Claims	350K	360K	362K
	USD	Continuing Jobless Claims	3206K	3200K	3238K
	USD	CB Consumer Confidence	65.1	70.0	71.5
	USD	New Home Sales	377K	378K	361K
	JPY	Tokyo Core CPI (YoY)	-0.6%	-0.5%	-0.5%
	JPY	Industrial Production (MoM)	-1.7%	-0.5%	1.6%
	JPY	Retail Sales (YoY)	1.3%	1.1%	-1.2%
Dec. 28	USD	Chicago PMI	51.6	51.0	50.4
	USD	Pending Home Sales (MoM)	1.7%	1.0%	5.0%

Historical: From 2010 to Present

Highest: 0.8842 USD on Aug 01, 2011.

Average: 0.7543 USD over this period.

Lowest: 0.6562 USD on May 25, 2010.

Economic Highlights of the coming week that affect the AUD, JPY, NZD and USD

Date	Time	Currency	Event	Forecast	Previous
Jan. 01	01:00	CNY	Chinese Manufacturing PMI	51.00	50.60
Jan. 02	15:00	USD	ISM Manufacturing Index	50.2	49.5