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USD Crude Oil Inventories
Since crude oil is a lagging indicator, we are expecting it to have a neutral effect in the market, last time it fell from -2.6 forecasts to -2.5 actual data. This time, it may also give a little movement in the market.
Nzd gdp
New Zealand enjoys economic growth for a full year. The growth rate in Q4 of 2009 and in Q1 of 2010 exceeded expectations, 0.9% and 0.6% respectively. As the unemployment rate jumped, and retail sales slumped, the growth rate will probably be weaker this time, at 0.5%, which consequently can also push the NZD lower.
USD Not Fairing well against Zloty
It seems the yen is not the only currency making large gains on the dollar, today the us dollar slumps from 2.9199 to 2.9417. Wish I could have seen this coming...
GBP RICS House Price Balance
The GBP is expected to continue its bullish momentum as significant economic indicator to be released
for the currency are expected to go up. RICS House Price Balance was already released went up by -34 %
as supply of homes for sale continue to decrease.