Share

NZD/USD Analysis Forecast, May 25, 2015 – Forecast

nzdusd friday bnsnlaAnalysis and Recommendation:

The NZD/USD  soared 42 points on weakness in the US dollar and Chinese hopes for stimulus. The kiwi is trading at 0.7922 remaining in its weekly trading range. In New Zealand today, Finance Minister Bill English and Labour leader Andrew Little are scheduled to speeches this morning, following the government’s 2015 Budget yesterday. Later in the day, the ANZ-Roy Morgan consumer confidence survey for May is due for release at 1pm.

In the US tonight, traders will be eyeing inflation data for April and a speech by Federal Reserve chair Janet Yellen on the economy.

The U.S. dollar traded mixed against other major currencies on Thursday as economic data from the country came out overall negative. U.S. existing-home sales declined 3.3 percent to a seasonally adjusted annual rate of 5.04 million in April from 5.21 million in the previous month, reported the National Association of Realtors on Thursday.

Meanwhile, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index fell from 54.1 in April to 53.8 in May, signaling the weakest improvement in overall business conditions since the start of 2014.

The dollar index, which measures the greenback against six other currencies, was down 0.20 percent at 95.261 in late trading.

ForexTraq 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 for NZD/USD in our weekly reports.

Today’s economic releases actual vs. forecast:

Cur.

 

Event

Actual

Forecast

Previous

 

  USD

 

FOMC Member Williams

 

 

 

 

 

  JPY

 

BoJ Press Conference  

 

 

 

   

 NZDUSD(15 minutes)20150522062842

Upcoming Economic Events that you should be monitoring:

Monday, May 25, 2015

Cur.

 

Event

Actual

Forecast

Previous

 

 

 

 

United States – Memorial Day

 

 

Switzerland – Pentecost Monday

 

 

United Kingdom – Late May Bank Holiday

  JPY

 

Exports (YoY) (Apr)

 

 

8.5%

 

 

  JPY

 

Trade Balance (Apr)

 

 

229B

   

Government Bond Auctions

Date Time Country

May 22 09:03 Sweden Holds bond exchange auction

May 22 10:00 Norway Details bond auction on 27 May

May 25 09:03 Sweden Holds bond exchange auction

May 25 15:30 Italy Announces details of BTP/CCTeu on 28 May

May 26 09:03 Sweden Holds bond exchange auction

May 26 09:10 Italy Auctions CTZ/BTPei

May 26 17:00 US Auctions 2-year notes

May 27 09:15 Norway Holds bond auction

May 27 09:30 Germany Eur 2bn 2.5% Aug 2046 Bund

May 27 09:30 UK Auctions 0.125% 2058 I/L Gilt

May 27 16:00 US Auctions 2-year FRNs

May 27 17:00 US Auctions 5-year notes

May 28 09:10 Italy Auctions BTPs/CCTeus

May 28 09:10 Sweden Holds inflation-linked bond auction

May 28 17:00 US Auctions 7-year notes

 

NZD/USD analysis forecast

REGISTER WITH OUR FORUM AND POST AT LEAST ONE MESSAGE TO GET FREE SIGNALS

Leave a Comment