Economic Events:  (GMT)

The economic calendar is very light for Friday, with the end the 1st falling on Thursday. These events will have no little or significant events in the market. There are also no events scheduled in the US.

 

00:00

 

NZD

 
 
 

ANZ Commodity Price Index (MoM) 

 

 
 
 

1.2% 

 

 

14:00

 

USD

 
 
 

Global Semiconductor Sales (MoM) 

 

 
 
 

-5.5% 

 

 

AUD/USD

AUD/USD Fundamental Analysis March 2, 2012, Forecast

Analysis and Recommendation: (close of Asian session)

AUD/USD was trading at 1.0748 the Aussie dropped to 107.38 cents after the release of official data showing a 0.3 per cent fall in capital expenditure in the December quarter, lower than expectations.

Also released was building approvals data for January, which showed a rise by 0.9 per cent in January, slightly less than the market had forecast.

CMC Markets chief market strategist Michael McCarthy said the fall in the Aussie dollar could be attributed to both the data and a strong performance by the US currency on Wednesday.

China's manufacturing gained momentum; helped by strength in new orders, export demand and production, though inflation pressures remain a concern, according to a survey released on Thursday.

The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose 0.5 points to 51.0 from January's 50.5 and December's figure of 50.3 in a third straight month of steady improvement.

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February 29th and March 1, 2012 Economic Data forecast v. actual (bold March 1st)

AUD

 
 

HIA New Home Sales (MoM) 

-7.3%

 
 
 

-4.9%

 
 

AUD

 
 

Construction Work Done (QoQ) 

-4.6%

 

-0.6%

 

11.7%

 
 

AUD

 
 

Retail Sales (MoM) 

0.3%

 

0.3%

 

-0.1%

 
 

USD

 
 

GDP Price Index (QoQ) 

0.9%

 

0.4%

 

0.4%

 
 

USD

 
 

GDP (QoQ) 

3.0%

 

2.8%

 

2.8%

 
 

USD

 
 

Chicago PMI 

64.0

 

61.8

 

60.2

 
 

JPY

 
 

Capital Spending 

7.60%

 

-6.50%

 

-9.80%

 
 

 

AUD

Building Approvals (MoM) 

0.9%

 

2.1%

 

-1.0%

 
 

 

 AUD

Private New Capital Expenditure

-0.3%

 

3.9%

 

14.6%

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Sovereign Bond Auction Schedule

Mar 01  09:30  Spain  Bono auction

Mar 01  09:50  France  OAT auction

Mar 01  10.30  UK  Auctions 4.0% 2022 conventional Gilt

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.0605
1.0659
1.0701
1.0755
1.0797
1.0851
1.0893

Fibonacci
1.0659
1.0696
1.0719
1.0755
1.0792
1.0815
1.0851

Camarilla
1.0716
1.0724
1.0733
1.0755
1.0751
1.0760
1.0768

Woodie's
-
1.0656
1.0694
1.0752
1.0790
1.0848
-

DeMark's
-
-
1.0776
1.0745
1.0680
-
-