NZD/USD Fundamental Analysis June 1, 2012, Forecast

Analysis and Recommendation: (close of the Asian session)

The NZD/USD  is trading at 0.7535 as the markets close for the month. The kiwi fell more than ½ cent after a report showed that business confidence has taken its first dip in seven months due to uncertainty about the global economy.

National Bank’s business confidence survey for this month showed 27% of respondents think business conditions will improve over the coming year, down 9 points from April. Fewer than 35% of firms think their own activity will improve, down 2 points.

Compounded by growing problems in Spain, Greece and Italy, the kiwi has been shaken over market uncertainty and the continued slowdown in China, its major trading partner.

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 for May 30-31, 2012 actual v. forecast

   

CHF

 

 

 

KOF Leading Indicators 

0.81

 

0.48 

 

0.43 

 

 

 

 

USD

 

 

 

Pending Home Sales (MoM) 

-5.5%

 

0.1% 

 

3.8% 

   

May 31

 

KRW

 

 

 

South Korean Industrial Prod

0.0%

 

0.3% 

 

0.3% 

 

 

 

 

JPY

 

 

 

Industrial Production (MoM) 

0.2%

 

0.5% 

 

1.3% 

 

 

 

 

AUD

 

 

 

Building Approvals (MoM) 

-8.7%

 

0.7% 

 

6.0% 

   

 

 

AUD

 

 

 

Private New Capital Expend

6.1%

 

4.0% 

 

-0.7% 

   

  

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

 

Previous

Jun 1

12:30

USD

Non-Farm Employment Change

115K

12:30

USD

Unemployment Rate

8.1%

12:30

USD

Core PCE Price Index m/m

0.2%

12:30

USD

Personal Spending m/m

0.3%

14:00

USD

ISM Manufacturing PMI

54.8

Government Bond Auctions

Date  Time  Country 

May 31  14:30  Sweden 

Jun 04  10:00  Norway 

Jun 05  00:30  Japan  Jun 05  09:30 

Jun 05 14:30  Sweden 

Jun 06  09:30  Germany 

Jun 06  09:30  Portugal 

Jun 06 14:30  UK 

Jun 07  00:30  Japan 

Jun 07  08:30  Spain 

Jun 07  08:50  France 

Jun 07  09:10  Sweden 

Jun 07  15:00  US 

Jun 08  10:00  Belgium 

Jun 08  15:30  Italy 

 

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