Economic Events: (GMT)

00:30     AUD      Employment Change                                     10.9K                     -29.3K                  

00:30     AUD       Unemployment Rate                                    5.3%                      5.2%     

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

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

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

13:30     USD      Building Permits                                             0.68M                   0.67M                  

 13:30    USD       Core PPI (MoM)                                              0.1%                      0.3%                     

13:30     USD       Housing Starts                                               0.68M                   0.66M                  

 13:30    USD       PPI (MoM)                                                         0.3%                      -0.1%                    

 13:30    USD      Initial Jobless Claims                                    364K                      358K                     

 13:30    USD       Continuing Jobless Claims                         3550K                    3515K

Initial and Continuing Jobless claims measures the number of individuals who filed for unemployment insurance for the first time or renewed during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

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

14:00    USD      Fed Chairman Bernanke Speaks

Federal Reserve Chairman Ben Bernanke (February 2006 - January 2014) is to speaky on the economic outlook and recent monetary policy actions, in Washington DC                                                        

15:00     USD      Philadelphia Fed Manufacturing Index                 8.4                         7.3                         

 23:50    JPY        Monetary Policy Meeting Minutes                                       

USD/JPY

USD/JPY Fundamental Analysis February 16, 2012, Forecast

Analysis and Recommendation: ( close of Asian session )

USD/JPY was trading 78.51 moving from a bottom earlier this month of 76.13. The US Dollar/Japanese Yen duo have pushed upward after the Bank of Japan embarked upon yet more aggressive easing. The Japanese central bank announced that it would further expand its balance sheet and create more Yen by purchasing Japanese Government Bonds.

Tuesday Economic Reports actual v. forecast

GBP

RICS House Price Balance 

-16%

 

-18%

 

-16%

 
 

AUD

NAB Business Confidence 

4

 
 
 

3

 
 

JPY

Interest Rate Decision 

0.10%

 

0.10%

 

0.10%

 
 

JPY

Industrial Production (MoM) 

3.8%

 

4.0%

 

4.0%

 
 

JPY

BoJ Press Conference 

 
 
 
 
 
 
 

EUR

French Non-Farm Payrolls (QoQ) 

-0.2%

 

0.2%

 

0.0%

 
 

HUF

Hungarian CPI (YoY) 

5.5%

 

5.0%

 

4.1%

 
 

GBP

Core CPI (YoY) 

2.6%

 

2.7%

 

3.0%

 
 

GBP

CPI (YoY) 

3.6%

 

3.6%

 

4.2%

 
 

EUR

German ZEW Economic Sentiment 

5.4

 

-11.6

 

-21.6

 
 

EUR

Industrial Production (MoM) 

-1.1%

 

-1.2%

 

0.0%

 
 

EUR

ZEW Economic Sentiment 

-8.1

 

-21.1

 

-32.5

 
 

GBP

BOE Inflation Letter 

 
 
 
 
 
 
 

BRL

Brazilian Retail Sales (YoY) 

6.7%

 

7.6%

 

6.7%

 
 

USD

Core Retail Sales (MoM) 

0.7%

 

0.6%

 

-0.5%

 
 

USD

Import Price Index (MoM) 

0.3%

 

0.3%

 

-0.1%

 
 

USD

Retail Sales (MoM) 

0.4%

 

0.8%

 

0.0%

 
 

Sovereign Bond Auction Schedule Feb 13-17

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
77.2507
77.5748
78.0217
78.3458
78.7927
79.1168
79.5637

Fibonacci
77.5748
77.8694
78.0513
78.3458
78.6404
78.8223
79.1168

Camarilla
78.2565
78.3272
78.3978
78.3458
78.5392
78.6098
78.6805

Woodie's
-
77.6055
78.0830
78.3765
78.8540
79.1475
-

DeMark's
-
-
78.9548
78.4269
78.1838
-
-