Economic Events: (GMT) Feb 16th

13:30     USD      Building Permits                                             0.68M                   0.67M

Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.                    

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

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

The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.                

13:30     USD       Housing Starts                                                    0.68M                   0.66M    

Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector    

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                                                           

The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.

USD/JPY

USD/JPY Fundamental Analysis February 17, 2012, Forecast

Analysis and Recommendation: ( close of Asian session )

USD/JPY was trading at 78.43 opening at 78.44. The movement between these two were again on rumors, news and worries over Greece. Huge amounts of economic data did not interfere or excite these today. The BoJ comments of the previous day were long forgotten, but the pair bounced up and down, to wind down the day just where it started.

Thursday Economic Data ( asian session )

AUD

 

MI Inflation Expectations 

2.5%

 
 
 

2.8% 

 
 

GBP

 

Nationwide Consumer Confidence 

47

 

40 

 

38 

 
 

AUD

 

Employment Change 

46.3K

 

10.9K 

 

-35.6K 

 
 

AUD

 

Unemployment Rate 

5.1%

 

5.3% 

 

5.2% 

 
 

 
 
 
 
 
 
 
 
 
 

Wednesday Economic Data actual v. forecast

AUD

 

New Motor Vehicle Sales (MoM)

1.3%

 
 
 

-2.7%

 
 

KRW

 

South Korean Trade Balance

-2.03B

 
 
 

-1.96B

 
 

JPY

 

BoJ Monthly Report 

 
 
 
 
 
 
 

SGD

 

Singaporean Retail Sales (YoY)

4.2%

 

7.0%

 

6.2%

 
 

EUR

 

French GDP (QoQ) 

0.2%

 

-0.2%

 

0.3%

 
 

EUR

 

German GDP (QoQ) 

-0.2%

 

-0.3%

 

0.6%

 
 

EUR

 

Spanish CPI (YoY)

2.0%

 

2.0%

 

2.4%

 
 

SEK

 

Swedish GDP (QoQ) 

3.4%

 

2.1%

 

3.0%

 
 

HUF

 

Hungarian GDP (YoY) 

1.4%

 

0.5%

 

1.4%

 
 

CZK

 

Czech GDP (QoQ) 

0.5%

 

0.7%

 

1.2%

 
 

EUR

 

Austrian GDP (YoY)

1.2%

 
 
 

2.5%

 
 

EUR

 

Netherlands GDP (YoY) 

-0.7%

 

0.3%

 

1.1%

 
 

EUR

 

Italian GDP (QoQ) 

-0.7%

 

-0.6%

 

-0.2%

 
 

GBP

 

Average Earnings Index +Bonus

2.0%

 

1.8%

 

2.0%

 
 

GBP

 

Claimant Count Change

6.9K

 

3.2K

 

1.9K

 
 

GBP

 

Unemployment Rate

8.4%

 

8.4%

 

8.4%

 
 

EUR

 

GDP (QoQ) 

-0.3%

 

-0.4%

 

0.1%

 
 

EUR

 

Trade Balance

7.5B

 

4.7B

 

6.1B

 
 

CHF

 

ZEW Expectations

-21.2

 
 
 

-50.1

 
 

MYR

 

Malaysian GDP (YoY) 

5.2%

 

4.5%

 

5.8%

 
 

GBP

 

BoE Inflation Report

 
 
 
 
 
 
 

GBP

 

BoE Gov King Speaks

 
 
 
 
 
 
 

USD

 

MBA Mortgage Applications

-1.0%

 
 
 

7.5%

 
 

PLN

 

Polish CPI (YoY)

4.1%

 

4.3%

 

4.6%

 
 

USD

 

NY Empire State Manufacturing Index

19.5

 

14.2

 

13.5

 
 

USD

 

TIC Net Long-Term Transactions

17.9B

 

62.3B

 

61.3B

 
 

Sovereign Bond Auction Schedule Feb 13-17

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
77.8253
78.0002
78.2633
78.4382
78.7013
78.8762
79.1393

Fibonacci
78.0002
78.1675
78.2709
78.4382
78.6055
78.7089
78.8762

Camarilla
78.4060
78.4462
78.4864
78.4382
78.5666
78.6068
78.6470

Woodie's
-
78.0222
78.3075
78.4603
78.7455
78.8983
-

DeMark's
-
-
78.7887
78.4819
78.3508
-
-