Economic Events: (GMT)

There are no major economic events scheduled for New Zealand, Australia or the USA on Monday. Note the schedule below is GMT time.

23:50     JPY        GDP (QoQ

 Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.                                  

 23:50    JPY        GDP Price Index (YoY) 

The Gross Domestic Product (GDP) Price Index measures the change in the price of all goods and services included in GDP. It is the broadest measure of inflation and is the primary indicator the Bank of Japan uses to gauge inflation.

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.

23:50     JPY        Tertiary Industry Activity Index (MoM)

The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.

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.

NZD/USD

NZD/USD Fundamental Analysis February 13 , 2012, Forecast

Analysis and Recommendation: (Close of  the Asian session )

NZD/USD  held near a five-month high against the greenback as Greek leaders finally agreed measures to secure a new rescue package and avoid defaulting on debt.

The New Zealand dollar was little changed at 83.43 at the opening this morning but the dollar seemed to add strength throught the Asian session pushed the pair down to end the day at 83.00. There is a balancing act going on at this point between the USD and the Euro which is affecting all theUSD trading partners.

It's 1 per cent solution and 99 per cent implementation - it's still a long road to go which  leaves the New Zealand dollar directionless in terms of the Greek headlines but there is still an underlying demand for the kiwi.

Economic Data Thursday Feb 9, 2012 ( actual v forecast )                                                                                             

 

AUD

NAB Quarterly Business Confidence 

1.00

 
 
 

-3.00 

 
 

 

KRW

South Korean Interest Rate Decision 

3.25%

 

3.25% 

 

3.25% 

 
 

 

CNY

Chinese CPI (YoY) 

4.5%

 

4.0% 

 

4.1% 

 
 

 

CNY

Chinese PPI (YoY) 

0.7%

 

0.8% 

 

1.7% 

 
 

 

GBP

Industrial Production (MoM) 

0.5%

 

0.2% 

 

-0.5% 

 
 

 

GBP

Manufacturing Production (MoM) 

1.0%

 

0.3% 

 

-0.1% 

 
 

 

GBP

Trade Balance 

-7.1B

 

-8.4B 

 

-8.9B 

 
 

 

GBP

Interest Rate Decision 

0.50%

 

0.50% 

 

0.50% 

 
 

 

EUR

Interest Rate Decision 

1.00%

 

1.00% 

 

1.00% 

 
 

 

USD

Initial Jobless Claims 

358K

 

370K 

 

373K 

 
 

 

EUR

ECB Press Conference 

 

 
 
 
 
 
 

 

USD

Continuing Jobless Claims 

3515K

 

3525K 

 

3451K 

 
 

 

MXN

Mexican CPI (YoY) 

4.0%

 

4.0% 

 

3.8% 

 
 

 

GBP

NIESR GDP Estimate 

-0.2%

 
 
 

-0.2% 

 
 

Sovereign Bond Auction Schedule Feb 13-17

Feb 13  10:10  Italy   BOT auction

Feb 13  10:10  Norway  T-bill auction

Feb 13  10:30  Germany  Eur 4.0bn Aug 2012 Bubill

Feb 13  12:00  Norway  Details bond auction on Feb 20

Feb 14  09:30  Netherlands Eur 3.0bn-4.0bn Jan 2017 DSL

Feb 14  09:30  Spain  12 & 18M T-bill auction

Feb 14  10:10  Greece  3M T-bill auction

Feb 14  10:10  Italy   BTP/CCTeu auction

Feb 14  10:30  Belgium  Auctions 3 & 12M T-bills

Feb 15  10:10  Sweden  Auctions T-bills

Feb 15  10:30  Portugal  Eur 1.5-1.75bn May & Aug T-bills

Feb 16  09:30  Spain  Obligacion auction

Feb 16  10.30  UK  Auctions 4.5% 2034 conventional Gilt

Feb 16  10:50  France  BTA/OATi auction

Feb 16  16:00  US

Announces auctions of 2Y Notes on Feb 21, 5Y Notes on Feb

22 & 7Y Notes on Feb 23

Feb 16  18:00  US  Auctions 30Y TIPS

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8171
0.8230
0.8261
0.8320
0.8351
0.8410
0.8441

Fibonacci
0.8230
0.8264
0.8286
0.8320
0.8354
0.8376
0.8410

Camarilla
0.8267
0.8276
0.8284
0.8320
0.8300
0.8308
0.8317

Woodie's
-
0.8223
0.8247
0.8313
0.8337
0.8403
-

DeMark's
-
-
0.8336
0.8312
0.8246
-
-