International Business Times
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March 19, 2012 12:09 PM IST

FXEmpire

Analysis and Recommendation: (close of the Asian session)

NZD/USD  has been trading up, following a drop in the USD on Friday as investors moved to more risky assets, as well as a positive consumer sentiment report for New Zealand. The kiwi has moved up as high as 0.8278 and is trading at 0.8258. The duo will most likely hold in this range as there is little in economic data to move the pair.

Asian Markets Economic Releases March 19, 2012 actual v. forecast.     

Date

 

Currency

 

   

Event

Actual

 

Forecast

 

Previous

 

 

Mar. 18

 

NZD

     

Westpac Consumer Sentiment 

102.4

     

101.3 

   

Economic Calendar March 20, 2012 ( reports that affect the Asian Markets )

01:30     AUD      Monetary Policy Meeting Minutes

The Reserve Bank of Australia (RBA) Monetary Policy Meeting Minutes are a detailed record of the bank's most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision.                                                                                       

13:30     USD      Building Permits

Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.                     

13:30     USD      Housing Starts  

Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.                                                                                  

22:45     NZD      Current Account

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

Government Bond Auctions (this week)

Mar 21  10:10  Sweden  Nominal bond auction

Mar 21  10:30  Germany  Eur 5.0bn Mar 2014 Schatz

Mar 21  10:30  Portugal  Eur 0.75-1.0bn 4 & 6M T-bills

Mar 22  10:10  Sweden  I/L bond auction

Mar 22  10.30  UK  Auctions 0.625% 2042 I/L Gilt

Mar 22  15:00  US

Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar

28 & 7Y Notes on Mar 29

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