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

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

 

 

Actual

 

Forecast

 

Previous

 

 

GBP

Rightmove House Price Index (MoM)

4.1%

 
 
 

-0.8%

 
 

THB

Thai GDP (YoY)

-9.0%

 

-4.3%

 

3.7%

 
 

EUR

French Business Survey

92

 

92

 

92

 
 

EUR

Italian Industrial New Orders (MoM)

5.5%

 

-0.5%

 

0.2%

 
 

RUB

Russian Retail Sales (YoY)

6.8%

 

10.2%

 

9.5%

 
 

RUB

Russian Unemployment Rate

6.6%

 

6.3%

 

6.1%

 
 

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

Classic
0.8258
0.8299
0.8339
0.8380
0.8420
0.8461
0.8501

Fibonacci
0.8299
0.8330
0.8349
0.8380
0.8411
0.8430
0.8461

Camarilla
0.8356
0.8364
0.8371
0.8380
0.8386
0.8393
0.8401

Woodie's
-
0.8298
0.8338
0.8380
0.8419
0.8460
-

DeMark's
-
-
0.8400
0.8370
0.8319
-
-