Economic Events: (GMT)

13:30     USD      Initial Jobless Claims                                    354K                      348K                     

13:30     USD      Continuing Jobless Claims                          3460K                    3426K     

Initial Jobless Claims and Continuing Jobless Claims measure the number of unemployed individuals who qualify for benefits under unemployment insurance.

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

 22:30                   AUD                                                      RBA Governor Stevens Speaks

Reserve Bank of Australia (RBA) Governor Glenn Stevens (September 2006 - September 2013) is to speak. As the head of the RBA, which sets short term interest rates, he has a major influence over the value of the Australian dollar. Traders watch his speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. After surprising the markets last week and holding rates, today's comments might have some effects on the Aussie

NZD/USD

NZD/USD Fundamental Analysis February 23, 2012, Forecast

Analysis and Recommendation: (Close of the Asian session)

NZD/USD is trading at 0.8338 almost back at the opening. The New Zealand dollar had fallen after investors responded half-heartedly to news Greece secured a second bailout package, avoiding default.

The kiwi slipped to 83.55 US cents at 8am down from 83.74 cents on Tuesday at 5pm, having climbed as much as a cent after the Greek deal was announced. The kiwi had been pushed up on sentiment from announcements in China on the drop of reserve requirements for the banks.

 February 21, 2012 Economic Reports actual v forecast

NZD

Inflation Expectations (QoQ) 

2.5%

 
 
 

2.8%

 
 

AUD

RBA Governor Stevens Speaks 

 
 
 
 
 
 
 

JPY

All Industries Activity Index (MoM) 

1.3%

 

1.5%

 

-1.0%

 
 

CHF

Trade Balance 

1.55B

 

2.50B

 

2.01B

 
 

GBP

Public Sector Net Borrowing 

-10.7B

 

-9.1B

 

11.1B

 
 

TRY

Turkish Interest Rate Decision 

5.75%

 

5.75%

 

5.75%

 
 

CAD

Core Retail Sales (MoM) 

0.0%

 

0.2%

 

0.4%

 
 

CAD

Retail Sales (MoM) 

-0.2%

 

-0.2%

 

0.4%

 
 

CAD

Wholesale Sales (MoM) 

0.9%

 

0.5%

 

-0.3%

 
 

USD

Chicago Fed National Activity 

0.22

 

0.22

 

0.54

 
 

EUR

Consumer Confidence 

-20

 

-20

 

-21

 
 

USD

2-Year Note Auction 

 
 
 
 

0.250%

 
 

ARS

Argentinian Unemployment Rate 

 
 

7.3%

 

7.2%

 
 

Sovereign Bond Auction Schedule

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
0.8229
0.8267
0.8305
0.8343
0.8381
0.8419
0.8457

Fibonacci
0.8267
0.8296
0.8314
0.8343
0.8372
0.8390
0.8419

Camarilla
0.8322
0.8329
0.8336
0.8343
0.8349
0.8356
0.8363

Woodie's
-
0.8267
0.8304
0.8343
0.8380
0.8419
-

DeMark's
-
-
0.8362
0.8333
0.8286
-
-