NZD/USD Analysis Forecast, May 14, 2015 – Forecast

Analysis and Recommendation (NZD/USD Forecast):

The NZD/USD  added 30 points after Governor Wheeler’s speech today and the decline in the US dollar. The kiwi climbed to 0.7392.  The NZD was positive today ahead of a slew of economic data from China.

Due shortly is, industrial output likely accelerated last month, with economists polled by Reuters predicting an annual rise of 6.00 percent, higher than March’s 5.60 percent gain. China’s retail sales may grow 10.5 percent on-year in April, following March’s 10.2 percent increase, while year-to-date fixed asset investment is expected to hold steady at 13.5 percent.

Comments from Reserve Bank of New Zealand Governor Wheeler keep hitting the headlines this time reiterating, , that the New Zealand dollar level remains unsustainable and unjustified. Wheeler added that he is worried for the health of the NZ economy if dairy prices stay low another year. Wheeler also said that the RBNZ is still finalizing new forecasts for June.

The kiwi traded strong ahead of Wheelers presentation and the fell steadily as Graham spoke only to reverse course and climb steadily in response to the lower US dollar.

ForexTraq provides in-depth analysis for each currency and commodity we review in forex trading. 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 for NZD/USD in our weekly reports.

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Today’s economic releases actual vs. forecast:

Cur. Event Actual Forecast Previous
  USD API Weekly Crude Stock -2.000M -0.250M -1.500M
  NZD RBNZ Gov Wheeler Speaks
  JPY Adjusted Current Account 2.07T 1.34T 0.61T
  JPY Current Account n.s.a. (Mar) 2.795T 2.060T 1.440T
  AUD Wage Price Index (QoQ) (Q1) 0.5% 0.6% 0.6%
  CNY Fixed Asset Investment (YoY) 13.5% 13.5%
  CNY Industrial Production (YoY) 6.0% 5.6%


Upcoming Economic Events that you should be monitoring in forex trading:

Thursday, May 14, 2015

Cur. Event Actual Forecast Previous
  NZD Business NZ PMI (Apr) 54.5
  NZD Core Retail Sales (QoQ) 1.5% 1.5%
  NZD Retail Sales (QoQ) (Q1) 1.5% 1.7%
  GBP RICS House Price Balance (Apr) 22% 21%
  CNY New Loans 1,210.0B 1,180.0B
  USD Core PPI (MoM) (Apr) 0.1% 0.2%
  USD Initial Jobless Claims 275K 265K
  USD PPI (MoM) (Apr) 0.2% 0.2%

Government Bond Auctions

Date Time Country

May 14 09:00 Ireland Eur 0.75bn 0.8% Mar 2022 IGBs

May 14 09:30 UK GBP 3.75bn 2% Jul 2020 Conventional Gilt

May 14 15:00 US Announces details of 10-year TIPS sale on 21 May

May 14 17:00 US USD 16bn 30-year bond

May 18 09:30 Germany Eur 1.5bn 12M (May 2016) Bubills

May 18 10:00 Belgium Auctions OLOs



NZD/USD analysis forecast


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