Economic Events: (GMT)

00:30 AUD NAB Business Confidence 3

The National Australia Bank (NAB) Business Confidence Index rates the current level of business conditions in Australia. Changes in business sentiment can be an early signal of future economic activity such as spending, hiring, and investment. The index is based on data collected from a survey of around 350 companies. A level above zero indicates improving conditions; below indicates worsening conditions.

03:30 JPY Interest Rate Decision 0.00% 0.00%

Ten JPY BoJ Press Conference

Bank of Japan (BOJ) policy board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. Which is then followed by a Press Conference detail the reason for the decision and also the economic status of the economy. ( This is a close watch.. might present an interesting trade )

04:30 JPY Industrial Production (MoM) 4.0% 4.0%

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

13:30 USD Core Retail Sales (MoM) 0.6% -0.2%

Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.

13:30 USD Import Price Index (MoM) 0.3% -0.1%

The Import Price Index measures the change in the price of imported goods and services purchased domestically.

13:30 USD Retail Sales (MoM) 0.8% 0.1%

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.

15:00 USD Treasury Secretary Geithner Speaks

U.S. Treasury Secretary Timothy Geithner (January 2009 - January 2013) is to speak. He speaks frequently on a broad range of subjects and his speeches are often used to signal policy shifts to the public and to foreign governments. ( This statement could have effect on the USD)                                                                                             

 21:45 NZD Core Retail Sales (QoQ) 1.1% 2.4%

 21:45 NZD Retail Sales (QoQ) 1.3% 2.2%

These reports are released together monthy measures the change of the Retail Sales in the total value of inflation-adjusted sales at the retail level in New Zealand, excluding automobiles and gas stations. It is an important indicator of consumer spending and is also considered a pace indicator for New Zealand's economy. This report might push the NZD up, especially against a weakened dollar.. (Watch this one closely. It might be a good trade. Below forecast sell NZD immediately, above Buy NZD immediately )

23:30 AUD Westpac Consumer Sentiment 2.40%

The Westpac Consumer Sentiment Index measures the change in the level of consumer confidence in economic activity. On the index, a level above 100.0 indicates optimism; below indicates pessimism. The data is compiled from a survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions.

USD/JPYUSD/JPY Fundamental Analysis February 14, 2012, Forecast

Analysis and Recommendation: ( close of Asian session )

USD/JPY was trading at 77.5960 as the markets close. The opening this morning was 77.5940. The pair has been moving up and down in a small range between the 77.57 to 77.78 and seems to be holding there. Little happened in the JPY trading session. The pair have been turned to the USD moves based on Greece and should stay there. Although the BoJ rate increase and statement are due.

Last weeks major economic reports actual v. forecast.

Feb. 06
15:00
 
CAD
 
 
Ivey PMI
64.1
 
57.8
 
63.5
 
 

Feb. 07
03:30
 
AUD
 
 
Interest Rate Decision
4.25%
 
4.00%
 
4.25%
 
 

Feb. 08
21:45
 
NZD
 
 
Unemployment Rate
6.3%
 
6.5%
 
6.6%
 
 

Feb. 09
01:30
 
CNY
 
 
Chinese CPI (YoY)
4.5%
 
4.0%
 
4.1%
 
 

 
12:00
 
GBP
 
 
Interest Rate Decision
0.50%
 
0.50%
 
0.50%
 
 

 
12:45
 
EUR
 
 
Interest Rate Decision
1.00%
 
1.00%
 
1.00%
 
 

 
13:30
 
USD
 
 
Initial Jobless Claims
358K
 
370K
 
373K
 
 

Feb. 10
13:30
 
CAD
 
 
Trade Balance
2.7B
 
0.7B
 
1.2B
 
 

 
13:30
 
USD
 
 
Trade Balance
-48.8B
 
-48.4B
 
-47.1B
 
 

Sovereign Bond Auction Schedule Feb 13-17

Feb 14 09:30 Netherlands Eur 3.0bn-4.0bn Jan 2017 DSL

Feb 14 09:30 Spain 12 & 18M T-bill auction

Feb 14 10:10 Greece 3M T-bill auction

Feb 14 10:10 Italy BTP/CCTeu auction

Feb 14 10:30 Belgium Auctions 3 & 12M T-bills

Feb 15 10:10 Sweden Auctions T-bills

Feb 15 10:30 Portugal Eur 1.5-1.75bn May & Aug T-bills

Feb 16 09:30 Spain Obligacion auction

Feb 16 10.30 UK Auctions 4.5% 2034 conventional Gilt

Feb 16 10:50 France BTA/OATi auction

Feb 16 16:00 US

Announces auctions of 2Y Notes on Feb 21, 5Y Notes on Feb

22 & 7Y Notes on Feb 23

Feb 16 18:00 US Auctions 30Y TIPS

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
77.3187
77.4318
77.5637
77.6768
77.8087
77.9218
78.0537

 Fibonacci
77.4318
77.5254
77.5832
77.6768
77.7704
77.8282
77.9218

 Camarilla
77.6281
77.6506
77.6730
77.6768
77.7180
77.7404
77.7629

 Woodie's
-
77.4365
77.5730
77.6815
77.8180
77.9265
-

 DeMark's
-
-
77.8653
77.7051
77.6202
-
-