Economic Events: (GMT)

Close of the Asian Session

13:30 USD Core Durable Goods Orders (MoM) 0.9% 0.3%

13:30 USD Durable Goods Orders (MoM) 2.0% 3.7%

Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends. A higher reading indicates increased manufacturing activity.

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.

 13:30 USD Initial Jobless Claims 370K 352K

 13:30 USD Continuing Jobless Claims 3432K

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.

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

15:00 USD New Home Sales 320K 315K

New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it's released ahead of Existing Home Sales because the reports are tightly correlated.

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 Trade Balance -50M -308M

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

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.

NZD/USDNZD/USD Fundamental Analysis Jan. 26, 2012 Forecast

Analysis and Recommendation: NZD/USD is trading at 0.8114, holding between, High 0.8119 and the Low 0.8089. The kiwi is simply shifting based on the USD movement. Everything here reamains asleep. Thursday holds the first significant economic news for New Zealand with the Trade Balance reports. The US also has a significant amount of data out on Thursday and also the FOMC statements due Wednesday afternoon.

Unfortunately most of the markets are expecting results or actions involving Greece. Wednesday there are also comments due from the ECB.

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8003
0.8029
0.8070
0.8096
0.8137
0.8163
0.8204

 Fibonacci
0.8029
0.8054
0.8070
0.8096
0.8121
0.8137
0.8163

 Camarilla
0.8092
0.8098
0.8104
0.8096
0.8117
0.8123
0.8129

 Woodie's
-
0.8032
0.8077
0.8099
0.8144
0.8166
-

 DeMark's
-
-
0.8150
-
0.8083