Economic Events: (GMT + 10:00)
00:30 AUD Wage Price Index (QoQ) 0.8% 0.7%
The Wage Price Index measures the change in the price businesses and the government pay for labor, excluding bonuses. It is a leading indicator of consumer price inflation.
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 Existing Home Sales 4.67M 4.61M
Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
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.
NZD/USD Fundamental Analysis February 22, 2012, Forecast
Analysis and Recommendation: (Close of the Asian session )
NZD/USD is trading at 0.8391. The New Zealand dollar held near its five-month high against the greenback on optimism euro-zone finance ministers will agree on a second financial rescue package for Greece. The New Zealand dollar rose as high as 84.16 US cents overnight and traded at 83.88 cents at 8am down from 84.12 cents on Monday at 5pm. The kiwi was still basking in news from China over the weekend about reduced reserve requirements. Today, NZ Inflation Expectations came in lower then forecast at 2.5%.
Monday February 20, 2012 Economic Reports actual v. forecast
Rightmove House Price Index (MoM)
Thai GDP (YoY)
French Business Survey
Italian Industrial New Orders (MoM)
Russian Retail Sales (YoY)
Russian Unemployment Rate
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
NZD/USD Pivot Points (Time Frame: 1 Day)
Name S3 S2 S1 Pivot R1 R2 R3