Economic Events: (GMT)

Close of the Asian Markets

00:00     AUD       HIA New Home Sales (MoM)     6.8%

Housing Industry Association (HIA) New Home Sales measures the change in the number of newly constructed homes sold.

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.                          

00:30     AUD       House Price Index (QoQ)     -0.60%                 -1.20%

 The Australian House Price Index (HPI) measures the change in the selling price of homes in the nation's eight state capitals. It is a leading indicator of health in the housing sector.

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.           

13:15     USD       ADP Nonfarm Employment Change     190K                      325K

The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report. The change in this indicator can be very volatile.

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.                          

15:00    USD       ISM Manufacturing Index     54.5                        53.9

The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (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 manufacturing industry.  On the index, a level above 50.0 indicates industry expansion, below indicates contraction.  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       Unemployment Rate     6.6%

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

USD/JPY

USD/JPY Fundamental Analysis Feb 1, 2012, Forecast

Analysis and Recommendation:

USD/JPY was trading 76.22 down 0.17% and up from a session low of 76.20 and off from a high of 76.41.

The dollar declined against the yen on Tuesday as better than expected household spending and industrial production numbers in Japan offset higher than expected unemployment rates there. The Yen continues to trade at the high side, causing problems for Japanese exports.

Scheduled Sovereign Bond Sales

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

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

Name S3 S2 S1 Pivot R1 R2 R3

Classic
75.4680
75.8190
76.0610
76.4120
76.6540
77.0050
77.2470

Fibonacci
75.8190
76.0455
76.1855
76.4120
76.6385
76.7785
77.0050

Camarilla
76.1399
76.1943
76.2486
76.4120
76.3574
76.4117
76.4661

Woodie's
-
75.7917
76.0065
76.3847
76.5995
76.9778
-

DeMark's
-
-
76.5330
76.3515
75.9400
-
-