NZD/USD Fundamental Analysis February 6, 2012, Forecast

February 3, 2012 8:53 AM GMT

FXEmpire

Economic Events: (GMT)

00:30     AUD       Retail Sales (MoM)

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. 

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD                                                                             

 19:00    USD       Federal Budget Balance                 

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The Federal Budget Balance measures the difference in value between the federal government's income and expenditure during the reported month. A positive number indicates a budget surplus, a negative number indicates a deficit. 

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.                                                                            

 21:45    NZD       Employment Change (QoQ)                                       0.2%

Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.                          

21:45     NZD       Labor Cost Index (QoQ)                                                                                                              

 21:45    NZD      Unemployment Rate                                                     6.6%

The Labor Cost Index measures the change in the price businesses pay for labor, excluding overtime. It is a leading indicator of consumer inflation.

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous quarter.

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