Economic Events: (GMT)

00:30     AUD       Retail Sales (MoM)

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. 

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                                                                             

 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.                                                                            

 21:45    NZD       Employment Change (QoQ)                                       0.2%

Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.

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

21:45     NZD       Labor Cost Index (QoQ)                                                                                                              

 21:45    NZD      Unemployment Rate                                                     6.6%

The Labor Cost Index measures the change in the price businesses pay for labor, excluding overtime. It is a leading indicator of consumer inflation.

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

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

NZD/USD

NZD/USD Fundamental Analysis February 6, 2012, Forecast

Analysis and Recommendation: (Close of  the Asian session )

NZD/USD is trading at .8313 down from the opening at 0.8332 but remaining in a fairly narrow range. Later on Monday there will be several economic reports in New Zealand which might drive the kiwi. Friday's drop came after Federal Reserve Director Fisher contracticted the FOMC statement saying that these projections until 2014 had no basis, causing the USD to gain slightly.

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

NZD       ANZ Commodity Price Index (MoM)             1.2%                                                     -0.8%                    

AUD       Building Approvals (MoM)                              -1.0%                    2.1%                      10.1%                   

AUD       Trade Balance   1.71B                                    1.20B                    1.34B                    

CHF        Trade Balance   2.07B                                   2.85B                     2.95B                    

GBP       Construction PMI                                             51.4                         52.9                        53.2                       

 EUR       PPI (MoM)                                                         -0.2%                     -0.1%                     0.2%                     

 USD      Challenger Job Cuts (YoY)                           38.9%                                                   30.6%                   

 USD      Nonfarm Productivity (QoQ)                          0.7%                      1.0%                      1.9%                     

USD       Initial Jobless Claims    367K                       373K                      379K                     

USD       Unit Labor Costs (QoQ)                                  1.2%                     0.9%                      -2.1%                    

 USD      Continuing Jobless Claims                           3437K                   3565K                    3567K  

Scheduled Sovereign Bond Sales

Feb 06  10:10  Norway  Bond auction

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

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8209
0.8252
0.8284
0.8327
0.8359
0.8402
0.8434

Fibonacci
0.8252
0.8281
0.8299
0.8327
0.8356
0.8374
0.8402

Camarilla
0.8296
0.8303
0.8310
0.8327
0.8323
0.8330
0.8337

Woodie's
-
0.8250
0.8279
0.8324
0.8354
0.8400
-

DeMark's
-
-
0.8343
0.8319
0.8268
-
-