NZD/USD Fundamental Analysis April 10, 2013 Forecast

Analysis and Recommendation:

The NZD/USD is trading at 0.8494 gaining 34 pips this morning on stronger than expected data. The NZIER Business Confidence indicator printed at 23 well over the prior month at 20. Data from China showed that inflation remains under control, which is helpful to all of its trading partners and the possibility that the PBOC can offer some additional stimulus if the rebound falters. Business confidence is at its strongest since June 2007, when the domestic economy was starting to turn down ahead of the global financial crisis in 2008, according to the latest Quarterly Survey of Business Opinion from the New Zealand Institute of Economic Research. The March quarter survey shows economic recovery broadening beyond Auckland and Christchurch.

New Zealand property values slowed their pace of growth last month, though the level of listings in Auckland is still limited, according Quotable Value.

National property values increased 1.3 percent in the three months ended March 31 to $429,061, slowing from the quarterly pace of 3.2 percent in the rolling period ending Feb. 28. Values are 3.3 percent above the previous market peak in late 2007 and 6.5 percent higher than a year ago.

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 April 9, 2013 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Apr 10 09:10 Italy

Apr 10 09:30 Germany

Apr 10 09:30 Swiss

Apr 10 14:30 Sweden

Apr 10 17:00 US

Apr 11 12:30 Japan

Apr 11 09:10 Italy

Apr 11 09:10 Sweden

Apr 11 11:00 Norway

Apr 11 15:00 US

Apr 11 17:00 US

Apr 12 10:30 Belgium