Economic Events: (GMT)

06:45     CHF        Unemployment Rate

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

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

08:15     CHF        CPI (MoM)

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 

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

 11:00    EUR        German Factory Orders (MoM)

German Factory Orders measures the change in the total value of new purchase orders placed with manufacturers for both durable and non-durable goods. It is a leading indicator of production.

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

 19:00    USD       Federal Budget Balance                 

The Federal Budget Balance measures the difference in value between the federal government's income and expenditure during the reported month. A positive number indicates a budget surplus, a negative number indicates a deficit. 

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

Economic Data results prior trading day ( key  better than expected worse than expected at forecast )     

USD

Monster Employment Index 

133

 
 
 

140 

 
 

EUR

French Services PMI 

52.3

 

51.7 

 

51.7 

 
 

EUR

German Services PMI 

53.7

 

54.5 

 

54.5 

 
 

EUR

Services PMI 

50.4

 

50.5 

 

50.5 

 
 

GBP

Services PMI 

56.0

 

53.5 

 

54.0 

 
 

EUR

Italian CPI (MoM) 

0.3%

 

0.2% 

 

0.4% 

 
 

EUR

Retail Sales (MoM) 

-0.4%

 

0.4% 

 

-0.4% 

 
 

CAD

Employment Change 

2.3K

 

24.0K 

 

17.5K 

 
 

CAD

Unemployment Rate 

7.6%

 

7.5% 

 

7.5% 

 
 

 

 

EUR/USD

EUR/USD Fundamental Analysis February 6, 2012, Forecast

Analysis and Recommendations:

The EUR/USD is trading at 1.3084 and falling as the euro gave way to the USD

The USD soared past all of its major trading partners today after jobs reports beat forecasts in the US.

The US added 243,000 jobs as reported by the Labor Department  for the first time since April. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.

This was the boost the US needed to signal that the economy was recovering. 

 Retail sales across the 17-nation region fell 0.4% in December, the European Union statistics agency Eurostat reported. Compared to December 2010, sales declined 1.6%. Economists had forecast a 0.2% monthly rise in December sales and a 1.3% year-on-year fall.

 Private-sector activity in the 17-nation euro zone returned to growth in January, according to the final Markit composite purchasing managers index for the region released Friday. The index rose to 50.4 in January from 48.3 in December, confirming an earlier flash estimate. A reading of more than 50 indicates growth in activity, while a figure below that level indicates contraction. The reading marked the first move back above 50 in five months. The data continued to show a divide across the region, with German PMI hitting a seven-month high and French PMI hitting a five-month high, while readings for Italy, Spain and Ireland remained below the 50-level, although the rate of decline eased in Italy and Spain.

Scheduled Sovereign Bond Sales

Feb 07  09:00  Netherlands Eur 5.0bn Jul 2022 DSL

Feb 07  10:10  Greece  6M T-bill auction

Feb 07  10.30  UK  Auctions 1.75% 2017 conventional Gilt

Feb 07  15:30  UK  Details gilt auction on Feb 16

Feb 07  18:00  US  Auctions 3Y Notes

Feb 08  10:10  Sweden  Nominal bond auction

Feb 08  10:30  Germany  Eur 4.0bn Feb 2017 Bobl

Feb 08  10:30  Swiss  Bond auction

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

Feb 08  18:00  US  Auctions 10Y Notes

Feb 09  10:10  Sweden  Sek 0.75bn I/L bond auction

Feb 09  15:30  Sweden  Details I/L bond auction on Mar 23

Feb 09  16:00  US  Announces auctions of 30Y TIPS on Feb 16

Feb 09  16:30  Italy   Details BTP/CCTeu auction on Feb 14

Feb 09  18:00  Italy   Auctions 30Y Bonds

Feb 10  11:00  Belgium  OLO auction

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1.2950
1.3009
1.3084
1.3143
1.3218
1.3277
1.3352

Fibonacci
1.3009
1.3060
1.3092
1.3143
1.3194
1.3226
1.3277

Camarilla
1.3122
1.3134
1.3146
1.3143
1.3171
1.3183
1.3195

Woodie's
-
1.3013
1.3092
1.3147
1.3225
1.3281
-

DeMark's
-
-
1.3247
1.3158
1.3113
-
-