Analysis and Recommendation: (close of Asian session)

USD/JPY  ends the day where it began, opening at 83.58 and closing at 83.56. The USD lost strength throughout the day, as investors moved to more risky currencies. Followed by the Yen falling as the BoJ policy statement was released. The Dollar picked up all week against the Yen. The pair should hold tight through Monday's session as not much news or data is expected.

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Released Economic Reports for March 15, 2012 actual v. forecast

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

 

CHF

 
 
 

Interest Rate Decision 

0.00%

 

0.00% 

 

0.00% 

 
 

 

EUR

 
 
 

ECB Monthly Report 

 

 
 
 
 
 
 

 

EUR

 
 
 

Employment Change (QoQ) 

-0.2%

 

-0.2% 

 

-0.2% 

 
 

 

USD

 
 
 

Core PPI (MoM) 

0.2%

 

0.2% 

 

0.4% 

 
 

 

USD

 
 
 

PPI (MoM) 

0.4%

 

0.5% 

 

0.1% 

 
 

 

USD

 
 
 

Initial Jobless Claims 

351K

 

356K 

 

365K 

 
 

 

USD

 
 
 

NY Empire State Manufacturing Index 

20.2

 

17.4 

 

19.5 

 
 

 

USD

 
 
 

Continuing Jobless Claims 

3343K

 

3405K 

 

3424K 

 
 

 

USD

 
 
 

TIC Net Long-Term Transactions 

101.0B

 

29.3B 

 

19.1B 

 
 

 

USD

 
 
 

Philadelphia Fed Manufacturing Index 

12.5

 

11.4 

 

10.2 

 
 

Economic Events for March 19, 2012

02:00                    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.   

Government Bond Auctions (this week)                                                                               Mar 19  n/a   Greece  CDS Auction

Mar 19  10:10  Slovakia  Bond auction

Mar 19  10:10  Norway  T-bill auction

Mar 20  09:30  Spain  12 & 18M T-bill auction

Mar 21  10:10  Sweden  Nominal bond auction

Mar 21  10:30  Germany  Eur 5.0bn Mar 2014 Schatz

Mar 21  10:30  Portugal  Eur 0.75-1.0bn 4 & 6M T-bills

Mar 22  10:10  Sweden  I/L bond auction

Mar 22  10.30  UK  Auctions 0.625% 2042 I/L Gilt

Mar 22  15:00  US

Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar

28 & 7Y Notes on Mar 29

Mar 22  17:00  US  Auctions 10Y TIPS

Mar 23  10:10  Sweden  I/L bond exchange auction

Mar 23  16:30  Italy   Details CTZ/BTPei on Mar 27 & BOT on Mar 28

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
82.3320
82.7570
83.1010
83.5260
83.8700
84.2950
84.6390

Fibonacci
82.7570
83.0508
83.2322
83.5260
83.8198
84.0012
84.2950

Camarilla
83.2335
83.3040
83.3745
83.5260
83.5155
83.5860
83.6565

Woodie's
-
82.7368
83.0605
83.5058
83.8295
84.2747
-

DeMark's
-
-
83.6980
83.4400
82.9290
-
-