International Business Times
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March 20, 2012 1:00 PM IST

FXEmpire

Analysis and Recommendation: (close of the Asian session)

NZD/USD   is trading at 0.8240; the kiwi moved up in early trading but lost its strength, following its cousins, as the markets pushed the USD up preparing for Fed Chairman Bernanke's address late on Tuesday. NZD GDP is expected this week and might push the kiwi up, if it comes in at or above expectation.

Otherwise it should be a quiet week in the Pacific.

Economic Reports for March 19 and 20, 2012 actual vs. forecast

Mar. 19

 

GBP

      Rightmove House Price Index (MoM)

1.6%

     

4.1%

   

 

 

AUD

      RBA Governor Stevens Speaks

 

           

 

 

EUR

      Current Account

4.5B

 

4.3B

 

3.4B

   

 

 

EUR

      Italian Industrial New Orders (MoM)

-7.4%

 

-3.8%

 

5.2%

   

 

 

CLP

      Chilean GDP (YoY)

4.5%

 

4.2%

 

3.7%

   

 

 

CAD

      Wholesale Sales (MoM)

-1.0%

 

0.4%

 

1.0%

   

 

 

USD

      NAHB Housing Market Index

28

 

30

 

28

   

 

 

USD

      3-Month Bill Auction

0.095%

     

0.095%

   

 

 

COP

      Colombian Industrial Production (YoY)

 

 

4.5%

 

2.4%

   

Mar. 20

 

AUD

      CB Leading Index (MoM)

1.1%

     

-0.3%

   

Economic Events March 21, 2012 that effect the AUD, NZD and JPY

15:00 USD Existing Home Sales

Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.

22:45 NZD GDP (QoQ)

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

Government Bond Auctions (this week)

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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