Analysis and Recommendation:
The NZD/USD is trading at 0.8168 flat this morning wavering a few pips up and down, following the boredom that has set into the markets. With little in the way of eco data and no risk events on the calendar the commodity currencies just sit tight.
The market is waiting for HSBC’s latest report on China’s manufacturing sector due after midday on Wednesday. Any signs that the slowdown in the world’s second biggest economy has bottomed out will be positive for risk appetite as well as for the antipodean currencies. China is a major export market for Australia and New Zealand. Beyond that traders will wait to hear from the FOMC and their assessment of the US economy.
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 October 23, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
Previous |
|
|
|
Oct. 23 |
|
AUD |
|
|
CB Leading Index (MoM) |
-0.8% |
0.0% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Oct. 24 |
01:30 |
AUD |
1.1% |
0.5% |
|
|
|
01:30 |
AUD |
0.6% |
0.5% |
|
|
|
02:45 |
CNY |
47.90 |
||
|
15:00 |
USD |
385K |
373K |
||
|
|
21:00 |
NZD |
2.50% |
2.50% |
|
|
Oct. 25 |
22:45 |
NZD |
-825M |
-789M |
|
|
Oct. 26 |
00:30 |
JPY |
-0.5% |
-0.4% |
Government Bond Auction
Date Time Country
Oct 24 09:10 Sweden
Oct 24 09:30 Germany
Oct 24 14:30 Sweden
Oct 24 15:30 Italy
Oct 24 16:30 US
Oct 25 00:30 Japan
Oct 25 09:10 Sweden
Oct 25 15:30 Italy
Oct 25 17:00 US
Oct 26 09:10 Italy