Economic Events: (GMT)

Close of  the Asian Session

00:30     AUD      CPI (QoQ)                                            0.2%                      0.6%

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

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.

 00:30    AUD      Trimmed Mean CPI (QoQ)           0.6%                      0.3%

The Trimmed Mean Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items. This data helps illustrate underlying inflation trends.

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.

05:00    JPY        BoJ Monthly Report

The Bank of Japan's (BoJ) monthly report contains the statistical data that policymakers evaluate when setting interest rates. The report also provides detailed analysis of current and future economic conditions from the bank's perspective.

20:00     NZD       Interest Rate Decision                  2.50%                   2.50%

 20:00    NZD       RBNZ Rate Statement

The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

The Reserve Bank of New Zealand's rate statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes.

A higher than expected rate is positive/bullish for the NZD, while a lower than expected rate is negative/bearish for the NZD.

23:00     KRW      South Korean GDP (QoQ)              0.4%                     0.8%

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.

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

NZD/USD

NZD/USD Fundamental Analysis Jan. 25, 2012 Forecast

Analysis and Recommendation: NZD/USD is trading at 0.8104 remaining in a tight range. Todays activity has been a reaction to the fluctuation in the USD as the kiwi has bounced up and down within its trading range. Opening at 0.8100. Tomorrow we finally have some economic data that might just move the kiwi, as the central bank will be issuing their statement and report both in New Zealand and the US, so we might see some activity here.

Also Greece still remains a worrisome issue, if there is no resolution by the end of today, the USD should benefit.

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.7991
0.8023
0.8057
0.8089
0.8123
0.8155
0.8189

Fibonacci
0.8023
0.8048
0.8064
0.8089
0.8114
0.8130
0.8155

Camarilla
0.8072
0.8078
0.8084
0.8089
0.8097
0.8103
0.8109

Woodie's
-
0.8023
0.8058
0.8089
0.8124
0.8155
-

DeMark's
-
-
0.8106
-
0.8040