Economic Events: (GMT)

Close of the Asian Markets

13:30     USD       Core PCE Price Index (MoM)

13:30     USD      Personal Spending (MoM)

The Core Personal Consumption spending (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 

Personal Spending measures the change in the inflation-adjusted value of all spending by consumers. Consumer spending accounts for a majority of overall economic activity. However, this report tends to have a mild impact, as government data on retail sales is released about two weeks earlier. 

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      Building Consents (MoM)

Building Consents (also known as Building Permits) measures the change in the number of new building consents issued by the government. Building consents are a key indicator of demand in the housing market.

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.

 23:30    JPY        Unemployment Rate     

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact relative to employment data from other countries because the Japanese economy is more reliant on the industrial sector than personal spending.

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

 23:50    JPY        Industrial Production (MoM)

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

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

USD/JPY

USD/JPY Fundamental Analysis Jan. 30, 2012, Forecast

Analysis and Recommendation:

USD/JPY was trading  at 77.05

The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI. With more Cope Reports due on Monday

The duo will seek at support at 76.87, and resistance at 78.28.

Early information showed that Tokyo's core consumer price inflation fell unexpectedly to at annualized rate of -0.4% last month from -0.3% in the preceding month. Monday Japanese CORE reports will be released.

Scheduled Sovereign Bond Sales

Jan 30  10:10  Italy   BTP/CCTeu auction

Jan 30  10:10  Norway  Nok 4.0bn 5.0% May 2015 bond

Jan 30  11:00  Belgium  OLO Auction

Jan 30  12:00  Norway  Details bond auction on Feb 06

Jan 31  10:30  Belgium  Auctions 3 & 6M T-bills

Jan 31  15:30  UK  Details gilt auction on Feb 07

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
75.9747
76.4378
76.7577
77.2208
77.5407
78.0038
78.3237

Fibonacci
76.4378
76.7369
76.9217
77.2208
77.5199
77.7047
78.0038

Camarilla
76.8622
76.9339
77.0057
77.2208
77.1493
77.2211
77.2928

Woodie's
-
76.4020
76.6860
77.1850
77.4690
77.9680
-

DeMark's
-
-
77.3808
77.1409
76.5978
-
-