Economic Events: (GMT)

Close of  the Asian Session

13:30     USD       Core PCE Price Index (MoM)

13:30     USD      Personal Spending (MoM)

The Core Personal Consumption spending (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 

Personal Spending measures the change in the inflation-adjusted value of all spending by consumers. Consumer spending accounts for a majority of overall economic activity. However, this report tends to have a mild impact, as government data on retail sales is released about two weeks earlier. 

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      Building Consents (MoM)

Building Consents (also known as Building Permits) measures the change in the number of new building consents issued by the government. Building consents are a key indicator of demand in the housing market.

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.

 23:30    JPY        Unemployment Rate     

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact relative to employment data from other countries because the Japanese economy is more reliant on the industrial sector than personal spending.

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

 23:50    JPY        Industrial Production (MoM)

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

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 Jan. 30, 2012 Forecast

Analysis and Recommendation:

NZD/USD is trading at 0.8218

The kiwi was up today against the dollar, showing strenght based on the Trade Balance numbers reported earlier.

The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of N.Z. data on Trade Balance.

The  data showed that New Zealand's trade balance rose unexpectedly to a seasonally adjusted 338M last month from -308M in the preceding month.  Analysts had expected the trade balance to fall -50M last month. For a small country such as New Zealand that is extremely dependent on exports, this is an excellent sign. The kiwi, should continue its rise.

Scheduled Sovereign Bond Sales

Jan 30  10:10  Italy   BTP/CCTeu auction

Jan 30  10:10  Norway  Nok 4.0bn 5.0% May 2015 bond

Jan 30  11:00  Belgium  OLO Auction

Jan 30  12:00  Norway  Details bond auction on Feb 06

Jan 31  10:30  Belgium  Auctions 3 & 6M T-bills

Jan 31  15:30  UK  Details gilt auction on Feb 07

Feb 01  10:10  Sweden  Auctions T-bills

Feb 01  10:30  Germany  Eur 5.0bn 2.0% Jan 2022 Bund

Feb 01  10:30  Portugal  Eur 0.75-1.0bn 3M T-bill

Feb 01  10.30  UK  Auctions 5.0% 2025 conventional Gilt

Feb 01  15:30  Sweden  Details nominal bond auction on Feb 08

Feb 01  16:00  US

Announces details of 3Y Notes on Feb 07, 10Y Notes on Feb

08 & 30Y Bonds on Feb 09

Feb 02  09:50  France  OAT Auction

Feb 02  10.30  UK  Auctions 0.125% 2029

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8135
0.8158
0.8191
0.8214
0.8247
0.8270
0.8303

Fibonacci
0.8158
0.8179
0.8192
0.8214
0.8235
0.8248
0.8270

Camarilla
0.8208
0.8213
0.8218
0.8214
0.8229
0.8234
0.8239

Woodie's
-
0.8160
0.8196
0.8216
0.8252
0.8272
-

DeMark's
-
-
0.8258
0.8220
0.8202
-
-