Economic Events:  (GMT)

Feb 26 GMT

21:45     NZD                     Trade Balance  

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.                                              

23:50     JPY                       Retail Sales (YoY)                                                                                                           

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. 

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

AUD/USD

AUD/USD Fundamental Analysis February 27, 2012 Forecast

Analysis and Recommendation: (close of Asian session)

AUD/USD was trading at 1.0715 after moving as high as 107.46 in mid day trading, and up from yesterday of 106.47

US unemployment data today showed the week ending February 18, the advance figure for seasonally adjusted initial claims was 351,000, unchanged from the previous week's revised figure of 351,000. The 4-week moving average was 359,000, a decrease of 7,000 from the previous week's revised average of 366,000.

The Australian dollar was lifted almost one US cent, on the back of optimistic business data from Germany, and commentary from the Australian reserve bank.

Mr Stevens, addressing a House of Representatives Standing Committee on Economics on Friday, said the cash rate would likely remain steady at 4.25 per cent, despite the major banks' decision to raise interest rates. RBA Governor Stevens was very positive on the Australian economy and growth. He's reiterated that growth is around trend and inflation is within targets, so the RBA's comfortable with rates where they are

February 23, 2012 (GMT) economic results actual v. forecast

 

TWD

 
 
 

Taiwanese Industrial Production (YoY) 

-16.5%

 

-6.3%

 

-8.1%

 
 

 

HKD

 
 
 

Hong Kong Trade Balance 

-8.9B

 

-25.0B

 

-48.9B

 
 
 

 

EUR

 
 
 

German Ifo Business Climate Index 

109.6

 

108.8

 

108.3

 
 
 

 

EUR

 
 
 

German Current Assessment 

117.5

 

116.5

 

116.3

 
 
 

 

EUR

 
 
 

German Business Expectations 

102.3

 

102.0

 

100.9

 
 
 

 

EUR

 
 
 

Italian Consumer Confidence 

94.2

 

90.0

 

91.8

 
 
 

 

GBP

 
 
 

BBA Mortgage Approvals 

38.1K

 

37.3K

 

36.6K

 
 
 

 

GBP

 
 
 

CBI Industrial Trends Orders 

-3

 

-13

 

-16

 
 
 

 

USD

 
 
 

Initial Jobless Claims 

351K

 

354K

 

351K

 
 
 

 

CAD

 
 
 

Corporate Profits (QoQ) 

9.0%

 
 
 

-0.5%

 
 
 

 

USD

 
 
 

Continuing Jobless Claims 

3392K

 

3460K

 

3444K

 
 
 

 

USD

 
 
 

Bloomberg Consumer Confidence 

-38.4

 
 
 

-39.8

 
 
 

 

USD

 
 
 

House Price Index (MoM) 

0.7%

 

0.4%

 

0.7%

 
 
 

 

USD

 
 
 

Mass Layoffs 

1.43K

 
 
 

1.38K

 
 
 

 

CAD

 
 
 

BoC Review 

 
 
 
 
 
 
 
 

 

USD

 
 
 

Natural Gas Storage 

-166B

 

-146B

 

-127B

 
 
 

 

USD

 
 
 

Crude Oil Inventories 

1.6M

 

1.0M

 

-0.2M

 
 
 

 

USD

 
 
 

Gasoline Inventories 

-0.6M

 

-0.3M

 

0.4M

 
 
 

 

CAD

 
 
 

BoC Gov Carney Speaks 

 
 
 
 
 
 
 
 

 

VEF

 
 
 

Venezuelan Industrial Production (YoY) 

4.8%

 

4.7%

 

5.7%

 
 
 

 

VEF

 
 
 

Venezuelan Retail Sales (YoY) 

2.4%

 

13.3%

 

11.0%

 
 
 

 

KRW

 
 
 

South Korean Consumer Confidence 

100

 

97

 

98

 
 
 

 

AUD

 
 
 

RBA Governor Stevens Speaks 

 
 
 
 
 
 
 
 

 

JPY

 
 
 

CSPI (YoY) 

-0.2%

 

0.1%

 

0.1%

 
 
 

Sovereign Bond Auction Schedule

Feb 21  09:30  Spain  3 & 6M T-bill auction

Feb 21  15:30  UK  Details gilt auction on Mar 01

Feb 21  18:00  US  Auctions 2Y Notes

Feb 22  10:10  Sweden  Nominal bond auction

Feb 22  10:30  Germany  Eur 5.0bn Mar 2014 Schatz

Feb 22  16:30  Italy   Details CTZ/BTPei on Feb 24 & BOT on Feb 27

Feb 22  18:00  US  Auctions 5Y Notes

Feb 23  10:10  Sweden  Sek 0.75bn I/L bond auction

Feb 23  16:30  Italy   Details BTP/CCTeu on Feb 28

Feb 23  18:00  US  Auctions 7Y Notes

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
1.0566
1.0613
1.0662
1.0709
1.0758
1.0805
1.0854

Fibonacci
1.0613
1.0650
1.0672
1.0709
1.0746
1.0768
1.0805

Camarilla
1.0685
1.0693
1.0702
1.0709
1.0720
1.0729
1.0737

Woodie's
-
1.0614
1.0663
1.0710
1.0759
1.0805
-

DeMark's
-
-
1.0781
1.0721
1.0686
-
-