NZDUSD Fundamental Analysis – December 11th 2015

NZDUSD Fundamental Analysis – December 11th 2015

Written by: PaxForex analytics dept - Friday, 11 December 2015 0 comments

Here are the key factors to keep in mind today for New Zealand Dollar trades:

  • New Zealand ANZ Consumer Confidence Index: The ANZ Consumer Confidence Index for December decreased by 3.3% to 118.7. Forex traders can compare this to September’s ANZ Consumer Confidence Index which increased by 6.8% to 122.7.
  • New Zealand Non-Resident Bond Holdings: Non-Resident Bond Holdings for November totalled 67.9%. Forex traders can compare this to October’s Non-Resident Bond Holdings which totalled 68.8%.
  • Chinese New Yuan Loans and Aggregate Financing: New Yuan Loans for November were reported at 708.9 billion. Economists predicted New Yuan Loans at 720.0 billion. Forex traders can compare this to October’s New Yuan Loans which were reported at 513.6 billion. Aggregate Financing for November were reported at 1,020.0 billion. Economists predicted Aggregate Financing at 965.0 billion. Forex traders can compare this to October’s Aggregate Financing which were reported at 476.7 billion.
  • Chinese Money Supply (M0,M1 and M2): Money Supply (M0) for November rose 4.0% annualized. Economists predicted an increase of 4.0%. Forex traders can compare this to October’s Money Supply (M0) which rose 3.8%. Money Supply (M1) for November rose 15.7% annualized. Economists predicted an increase of 14.0%. Forex traders can compare this to October’s Money Supply (M1) which rose 14.0%. Money Supply (M2) for November rose 13.7% annualized. Economists predicted an increase of 13.4%. Forex traders can compare this to October’s Money Supply (M2) which rose 13.5%.

Here are the key factors to keep in mind today for US Dollar trades:

  • US Advanced Retail Sales: Advanced Retail Sales for November are predicted to increase by 0.2%. Forex traders can compare this to October’s Advanced Retail Sales which rose by 0.1%.
  • US PPI: The PPI for November is predicted to be flat at 0.0% monthly and to decrease by 1.4% annualized. Forex traders can compare this to October’s PPI which decreased by 0.4% monthly and by 1.6% annualized.
  • US University of Michigan Confidence Index: The University of Michigan Confidence Index for December is predicted to be reported at 92.0.

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.