Economic Events:  (GMT)

It is a quiet day for economic data throughout the world.

Feb 23GMT

22:30                    AUD                                                      RBA Governor Stevens Speaks

Reserve Bank of Australia (RBA) Governor Glenn Stevens (September 2006 - September 2013) is to speak. As the head of the RBA, which sets short term interest rates, he has a major influence over the value of the Australian dollar. Traders watch his speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. After surprising the markets last week and holding rates, today's comments might have some effects on the Aussie

AUD/USD

AUD/USD Fundamental Analysis February , 2012 Forecast

Analysis and Recommendation: ( close of Asian session )

AUD/USD was trading at 1.0643 opening at 1.0647. The Australian dollar was lower at noon as equity markets softened and uncertainty surrounded the leadership of the Australian Labor Party.

By noon  the Australian dollar was trading at 106.06 US cents, down from 106.71 cents on Wednesday.

Nomura head of foreign exchange Kurt Magnus said the Australian dollar was moving on these two trends, but would not stay down for long. And declined in afternoon trading to end at 1.0643

Wednesday February 22, 2012 Economic Reports     actual v. forecast

 

 AUD

 
 
 

Wage Price Index (QoQ)

1.0%

 

0.8%

 

0.7%

 
 

 

NZD

 
 
 

Credit Card Spending (YoY)

3.1%

 
 
 

5.9%

 
 

 

EUR

 
 
 

French CPI (MoM)

-0.4%

 

0.3%

 

0.4%

 
 

 

EUR

 
 
 

French Manufacturing PMI 

50.2

 

48.7

 

48.5

 
 

 

EUR

 
 
 

French Services PMI 

50.3

 

51.9

 

52.3

 
 

 

EUR

 
 
 

German Manufacturing PMI 

50.1

 

51.5

 

51.0

 
 

 

EUR

 
 
 

German Services PMI 

52.6

 

53.8

 

53.7

 
 

 

TWD

 
 
 

Taiwanese GDP (YoY)

1.9%

 

1.9%

 

1.9%

 
 

 

EUR

 
 
 

Italian CPI (MoM)

0.3%

 

0.3%

 

0.3%

 
 

 

EUR

 
 
 

Manufacturing PMI 

49.0

 

49.4

 

48.8

 
 

 

EUR

 
 
 

Services PMI 

49.4

 

50.7

 

50.4

 
 

 

GBP

 
 
 

MPC Meeting Minutes

 
 
 
 
 
 
 

 

EUR

 
 
 

Industrial New Orders (MoM)

1.9%

 

0.6%

 

-1.1%

 
 

 

EUR

 
 
 

German 2-Year Schatz Auction

0.250%

 
 
 
 
 
 

 

USD

 
 
 

MBA Mortgage Applications

-4.5%

 
 
 

-1.0%

 
 

 

EUR

 
 
 

Spanish Trade Balance

-4.50B

 

-3.10B

 

-2.70B

 
 

 

EUR

 
 
 

Belgium NBB Business Climate

-7.7

 

-8.5

 

-9.5

 
 

 

MXN

 
 
 

Mexican Retail Sales (YoY)

3.5%

 

6.5%

 

7.5%

 
 

 

USD

 
 
 

Existing Home Sales

4.57M

 

4.67M

 

4.38M

 
 

Sovereign Bond Auction Schedule

Feb 24  10:10  Italy   Auctions CTZ/BTP

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.0512
1.0561
1.0603
1.0652
1.0694
1.0743
1.0785

Fibonacci
1.0561
1.0596
1.0617
1.0652
1.0687
1.0708
1.0743

Camarilla
1.0620
1.0629
1.0637
1.0652
1.0654
1.0662
1.0671

Woodie's
-
1.0559
1.0600
1.0651
1.0691
1.0741
-

DeMark's
-
-
1.0673
1.0642
1.0582
-
-