Economic Events:  (GMT)

00:30     AUD      Company Gross Operating Profits (QoQ)

Company Gross Operating Profits measures the change in the total value of profits earned by private, non-financial corporations, with more than 20 employees. It is a leading indicator of business conditions and economic health. 

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

 15:00    USD       ISM Non-Manufacturing Index

The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI ) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. The data is compiled from a survey of approximately 400 purchasing managers in the non-manufacturing sector. On the index, a level above 50 indicates expansion; below indicates contraction.

AUD/USD

AUD/USD Fundamental Analysis March 5, Forecast

Analysis and Recommendation: (close of Asian session)

AUD/USD was trading at 1.0783 off 1.0809 after data from the US showed better-than-expected jobs figures and slightly weaker manufacturing activity. Initial jobless claims figures in the US showed a drop by 2,000 to a four-year low of 351,000. Also, the Institute of Supply Management (ISM) purchasing managers index (PMI) fell to 52.4 in February from 54.1 the month before.

Most of the US data was below expectations offering modest lifting in the Aussie dollar overnight.

There's not much economic data or speeches due out, so I think it's going to be quiet.

The Aussie will be a bit above or below 108 (US cents).The main move was a positive one overnight, which followed US equity markets which were stronger. On balance, the data was probably neutral.

The ABS will release business indicator figures for the month of December, Monday. As well as Commonwealth Bank of Australia and the Australian Industry Group will release their performance of services index for February.

TD Securities will release it February inflation gauge, while ANZ will release data on internet job advertisements for the month.

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March 1, 2012 Economic Reports actual v. forecast (GMT)

 

AUD

 
 
 

Building Approvals (MoM) 

0.9%

 

2.1%

 

-1.0%

 
 

 

AUD

 
 
 

Private New Capital Expenditure (QoQ) 

-0.3%

 

3.9%

 

14.6%

 
 

 

INR

 
 
 

Indian Trade Balance 

-14.8B

 

-11.0B

 

-12.7B

 
 

 

CHF

 
 
 

GDP (QoQ) 

0.1%

 

-0.1%

 

0.3%

 
 

 

GBP

 
 
 

Nationwide HPI (MoM) 

0.6%

 

0.3%

 

-0.3%

 
 

 

CHF

 
 
 

SVME PMI 

49.0

 

48.5

 

47.3

 
 

 

EUR

 
 
 

French Manufacturing PMI 

50.0

 

50.2

 

50.2

 
 

 

EUR

 
 
 

German Manufacturing PMI 

50.2

 

50.1

 

50.1

 
 

 

EUR

 
 
 

Manufacturing PMI 

49.0

 

49.0

 

49.0

 
 

 

PLN

 
 
 

Polish GDP (YoY) 

4.3%

 

4.2%

 

4.2%

 
 

 

GBP

 
 
 

Manufacturing PMI 

51.2

 

52.0

 

52.0

 
 

 

EUR

 
 
 

CPI (YoY) 

2.7%

 

2.6%

 

2.6%

 
 

 

EUR

 
 
 

Unemployment Rate 

10.7%

 

10.4%

 

10.6%

 
 

 

USD

 
 
 

Core PCE Price Index (MoM) 

0.2%

 

0.2%

 

0.1%

 
 

 

CAD

 
 
 

Current Account 

-10.3B

 

-9.6B

 

-12.3B

 
 

 

USD

 
 
 

Personal Spending (MoM) 

0.2%

 

0.4%

 

0.0%

 
 

 

USD

 
 
 

Initial Jobless Claims 

351K

 

353K

 

353K

 
 

 

USD

 
 
 

Continuing Jobless Claims 

3402K

 

3400K

 

3404K

 
 

 

USD

 
 
 

ISM Manufacturing Index 

52.4

 

54.6

 

54.1

 
 

 

USD

 
 
 

Fed Chairman Bernanke Testifies 

 
 
 
 
 
 
 

 

KRW

 
 
 

South Korean CPI (YoY) 

3.1%

 

3.5%

 

3.4%

 
 

 

JPY

 
 
 

Unemployment Rate 

4.6%

 

4.5%

 

4.6%

 
 

 

JPY

 
 
 

Tokyo Core CPI (YoY) 

-0.3%

 

-0.4%

 

-0.4%

 
 

Sovereign Bond Auction Schedule

Mar 05  10:10  Norway  Bond auction

Mar 06  10:10  Greece  Auctions 6M T-bills

Mar 06  10:15  Austria  Bond auction

Mar 06  10.30  UK  Auctions 0.75% 2034 I/L Gilt

Mar 06  15:30  UK  Details gilt auction on Mar 15

Mar 07  10:10  Sweden  Nominal bond auction

Mar 07  10:30  Germany  Eur 4.0bn Feb 2017 Bobl

Mar 07  10.30  UK  Auctions new Sep 2017 conventional Gilt

Mar 08  16:00  US

Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar

13 & 30Y Bonds on Mar 14

Mar 08  16:30  Italy   Details BOT auction on Mar 13

Mar 09  11:00  Belgium  OLO mini bond auction

Mar 09  16:30  Italy   Details BTP/CCTeu on Mar 14                                                            

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.0625
1.0675
1.0719
1.0769
1.0813
1.0863
1.0907

Fibonacci
1.0675
1.0711
1.0733
1.0769
1.0805
1.0827
1.0863

Camarilla
1.0737
1.0746
1.0754
1.0769
1.0772
1.0780
1.0789

Woodie's
-
1.0674
1.0716
1.0768
1.0810
1.0861
-

DeMark's
-
-
1.0838
1.0781
1.0744
-
-