Economic Events: (GMT)

00:30     AUD      Company Gross Operating Profits (QoQ)

Company Gross Operating Profits measures the change in the total value of profits earned by private, non-financial corporations, with more than 20 employees. It is a leading indicator of business conditions and economic health. 

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       ISM Non-Manufacturing Index

The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI ) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. The data is compiled from a survey of approximately 400 purchasing managers in the non-manufacturing sector. On the index, a level above 50 indicates expansion; below indicates contraction.

NZD/USD

NZD/USD Fundamental Analysis March 5, 2012, Forecast

Analysis and Recommendation: (close of the Asian session)

NZD/USD  is trading at 0.8368 the New Zealand dollar rose to 83.87 US cents from 83.50 cents at 5pm on Thursday but declined in late trading.

The New Zealand dollar rose against most currencies as equity markets continued their ascent, stoking risk appetite and demand for currencies such as the kiwi. In early trading the kiwi was strong

The kiwi benefited from Chinese manufacturing figures on Thursday, which showed China's official purchasing managers' index (PMI) rose to 51.0 from 50.5 in January.

With the US Federal Reserve keeping its benchmark interest rate near zero, New Zealand's official cash rate of 2.5 per cent and Australia's 4.25 per cent cash rate mean the nations' rates are relatively attractive to global investors.

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March 1, 2012 Economic Reports actual v. forecast (GMT)

 

AUD

 
 
 

Building Approvals (MoM) 

0.9%

 

2.1%

 

-1.0%

 
 

 

AUD

 
 
 

Private New Capital Expenditure (QoQ) 

-0.3%

 

3.9%

 

14.6%

 
 

 

INR

 
 
 

Indian Trade Balance 

-14.8B

 

-11.0B

 

-12.7B

 
 

 

CHF

 
 
 

GDP (QoQ) 

0.1%

 

-0.1%

 

0.3%

 
 

 

GBP

 
 
 

Nationwide HPI (MoM) 

0.6%

 

0.3%

 

-0.3%

 
 

 

CHF

 
 
 

SVME PMI 

49.0

 

48.5

 

47.3

 
 

 

EUR

 
 
 

French Manufacturing PMI 

50.0

 

50.2

 

50.2

 
 

 

EUR

 
 
 

German Manufacturing PMI 

50.2

 

50.1

 

50.1

 
 

 

EUR

 
 
 

Manufacturing PMI 

49.0

 

49.0

 

49.0

 
 

 

PLN

 
 
 

Polish GDP (YoY) 

4.3%

 

4.2%

 

4.2%

 
 

 

GBP

 
 
 

Manufacturing PMI 

51.2

 

52.0

 

52.0

 
 

 

EUR

 
 
 

CPI (YoY) 

2.7%

 

2.6%

 

2.6%

 
 

 

EUR

 
 
 

Unemployment Rate 

10.7%

 

10.4%

 

10.6%

 
 

 

USD

 
 
 

Core PCE Price Index (MoM) 

0.2%

 

0.2%

 

0.1%

 
 

 

CAD

 
 
 

Current Account 

-10.3B

 

-9.6B

 

-12.3B

 
 

 

USD

 
 
 

Personal Spending (MoM) 

0.2%

 

0.4%

 

0.0%

 
 

 

USD

 
 
 

Initial Jobless Claims 

351K

 

353K

 

353K

 
 

 

USD

 
 
 

Continuing Jobless Claims 

3402K

 

3400K

 

3404K

 
 

 

USD

 
 
 

ISM Manufacturing Index 

52.4

 

54.6

 

54.1

 
 

 

USD

 
 
 

Fed Chairman Bernanke Testifies 

 
 
 
 
 
 
 

 

KRW

 
 
 

South Korean CPI (YoY) 

3.1%

 

3.5%

 

3.4%

 
 

 

JPY

 
 
 

Unemployment Rate 

4.6%

 

4.5%

 

4.6%

 
 

 

JPY

 
 
 

Tokyo Core CPI (YoY) 

-0.3%

 

-0.4%

 

-0.4%

 
 

Sovereign Bond Auction Schedule

Mar 05  10:10  Norway  Bond auction

Mar 06  10:10  Greece  Auctions 6M T-bills

Mar 06  10:15  Austria  Bond auction

Mar 06  10.30  UK  Auctions 0.75% 2034 I/L Gilt

Mar 06  15:30  UK  Details gilt auction on Mar 15

Mar 07  10:10  Sweden  Nominal bond auction

Mar 07  10:30  Germany  Eur 4.0bn Feb 2017 Bobl

Mar 07  10.30  UK  Auctions new Sep 2017 conventional Gilt

Mar 08  16:00  US

Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar

13 & 30Y Bonds on Mar 14

Mar 08  16:30  Italy   Details BOT auction on Mar 13

Mar 09  11:00  Belgium  OLO mini bond auction

Mar 09  16:30  Italy   Details BTP/CCTeu on Mar 14  

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8240
0.8284
0.8319
0.8363
0.8398
0.8442
0.8477

Fibonacci
0.8284
0.8314
0.8333
0.8363
0.8393
0.8412
0.8442

Camarilla
0.8332
0.8340
0.8347
0.8363
0.8361
0.8368
0.8376

Woodie's
-
0.8282
0.8314
0.8361
0.8394
0.8440
-

DeMark's
-
-
0.8420
0.8374
0.8341
-
-