NZD/USD Fundamental Analysis March 21, 2012, Forecast

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% Must Read Protests Over Anti-Islamic Movie Spreading In Asia; Indonesia Sees Violence Worldwide Cloud Services Market To Surpass $109 Billion In 2012
		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

NZD/USD Pivot Points (Time Frame: 1 Day)