Economic Events: (GMT)

13:30     USD      Initial Jobless Claims                                    354K                      348K                     

13:30     USD      Continuing Jobless Claims                          3460K                    3426K     

Initial Jobless Claims and Continuing Jobless Claims measure the number of unemployed individuals who qualify for benefits under unemployment insurance.

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.               

 22:30                   AUD                                                      RBA Governor Stevens Speaks

Reserve Bank of Australia (RBA) Governor Glenn Stevens (September 2006 - September 2013) is to speak. As the head of the RBA, which sets short term interest rates, he has a major influence over the value of the Australian dollar. Traders watch his speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. After surprising the markets last week and holding rates, today's comments might have some effects on the Aussie

USD/JPY

USD/JPY Fundamental Analysis February, 2012, Forecast

Analysis and Recommendation: (close of Asian session)

USD/JPY was trading at 80.03 up from 79.75 as the USD roars back to life, after the Monday holiday and the Greek deal. Last week Japan's trade balance figures hit historical highs, surprising the markets. Investors were so concerned at that time with Greece that this news was overshadowed.

February 22, 2012 Economic Reports actual v forecast

NZD

Inflation Expectations (QoQ) 

2.5%

 
 
 

2.8%

 
 

AUD

RBA Governor Stevens Speaks 

 
 
 
 
 
 
 

JPY

All Industries Activity Index (MoM) 

1.3%

 

1.5%

 

-1.0%

 
 

CHF

Trade Balance 

1.55B

 

2.50B

 

2.01B

 
 

GBP

Public Sector Net Borrowing 

-10.7B

 

-9.1B

 

11.1B

 
 

TRY

Turkish Interest Rate Decision 

5.75%

 

5.75%

 

5.75%

 
 

CAD

Core Retail Sales (MoM) 

0.0%

 

0.2%

 

0.4%

 
 

CAD

Retail Sales (MoM) 

-0.2%

 

-0.2%

 

0.4%

 
 

CAD

Wholesale Sales (MoM) 

0.9%

 

0.5%

 

-0.3%

 
 

USD

Chicago Fed National Activity 

0.22

 

0.22

 

0.54

 
 

EUR

Consumer Confidence 

-20

 

-20

 

-21

 
 

USD

2-Year Note Auction 

 
 
 
 

0.250%

 
 

ARS

Argentinian Unemployment Rate 

 
 

7.3%

 

7.2%

 
 

Sovereign Bond Auction Schedule

Feb 23  10:10  Sweden  Sek 0.75bn I/L bond auction

Feb 23  16:30  Italy   Details BTP/CCTeu on Feb 28

Feb 23  18:00  US  Auctions 7Y Notes

Feb 24  10:10  Italy   Auctions CTZ/BTP

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
79.2857
79.4513
79.7727
79.9383
80.2597
80.4253
80.7467

Fibonacci
79.4513
79.6374
79.7523
79.9383
80.1244
80.2393
80.4253

Camarilla
79.9601
80.0047
80.0494
79.9383
80.1386
80.1833
80.2279

Woodie's
-
79.4903
79.8505
79.9772
80.3375
80.4643
-

DeMark's
-
-
80.3425
79.9797
79.8555
-
-