Analysis and Recommendation: (close of the Asian session)

NZD/USD   is trading at 0.8240; the kiwi moved up in early trading but lost its strength, following its cousins, as the markets pushed the USD up preparing for Fed Chairman Bernanke's address late on Tuesday. NZD GDP is expected this week and might push the kiwi up, if it comes in at or above expectation.

Otherwise it should be a quiet week in the Pacific.

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Economic Reports for March 19 and 20, 2012 actual vs. forecast

Mar. 19

 

GBP

 
 
 
Rightmove House Price Index (MoM)

1.6%

 
 
 

4.1%

 
 

 

 

AUD

 
 
 
RBA Governor Stevens Speaks

 

 
 
 
 
 
 

 

 

EUR

 
 
 
Current Account

4.5B

 

4.3B

 

3.4B

 
 

 

 

EUR

 
 
 
Italian Industrial New Orders (MoM)

-7.4%

 

-3.8%

 

5.2%

 
 

 

 

CLP

 
 
 
Chilean GDP (YoY)

4.5%

 

4.2%

 

3.7%

 
 

 

 

CAD

 
 
 
Wholesale Sales (MoM)

-1.0%

 

0.4%

 

1.0%

 
 

 

 

USD

 
 
 
NAHB Housing Market Index

28

 

30

 

28

 
 

 

 

USD

 
 
 
3-Month Bill Auction

0.095%

 
 
 

0.095%

 
 

 

 

COP

 
 
 
Colombian Industrial Production (YoY)

 

 

4.5%

 

2.4%

 
 

Mar. 20

 

AUD

 
 
 
CB Leading Index (MoM)

1.1%

 
 
 

-0.3%

 
 

Economic Events March 21, 2012 that effect the AUD, NZD and JPY

15:00 USD Existing Home Sales

Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.

22:45 NZD GDP (QoQ)

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.

Government Bond Auctions (this week)

Mar 22 10:10 Sweden I/L bond auction

Mar 22 10.30 UK Auctions 0.625% 2042 I/L Gilt

Mar 22 15:00 US

Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar

28 & 7Y Notes on Mar 29

 

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8148
0.8186
0.8213
0.8251
0.8278
0.8316
0.8343

 Fibonacci
0.8186
0.8211
0.8226
0.8251
0.8276
0.8291
0.8316

 Camarilla
0.8222
0.8228
0.8234
0.8251
0.8246
0.8252
0.8258

 Woodie's
-
0.8183
0.8208
0.8248
0.8272
0.8313
-

 DeMark's
-
-
0.8264
0.8244
0.8200
-
-