Economic Events: (GMT)

00:30     AUD      Company Gross Operating Profits (QoQ)

Company Gross Operating Profits measures the change in the total value of profits earned by private, non-financial corporations, with more than 20 employees. It is a leading indicator of business conditions and economic health. 

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

15:00     USD       ISM Non-Manufacturing Index

The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI ) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. The data is compiled from a survey of approximately 400 purchasing managers in the non-manufacturing sector. On the index, a level above 50 indicates expansion; below indicates contraction.

USD/JPY

USD/JPY Fundamental Analysis March 5, 2012, Forecast

Analysis and Recommendation: (close of Asian session)

USD/JPY  is up at 81.44 adding 0.32 on strong economic news and positive information. USD held strength overnight. The average dollar-yen rate for Japanese exporters to turn profits is ¥82 per dollar, the strongest level for the yen since the government began surveying exporters in 1986, according to a recent survey released by the Cabinet Office.

Given that the dollar has been in the ¥80 range recently, these companies are facing a tough reality where their cost-reduction efforts are still not keeping pace with current foreign-exchange rates despite the yen's recent weakening.

Japan's unemployment rate inched up to 4.6 per cent in January from a revised 4.5 per cent in the previous month, the government said on Friday. The figure was roughly in line with economists' forecasts.

The ministry also said January household spending fell by an inflation-adjusted 2.3 per cent year-on-year. The fall was bigger than a 0.8 per cent drop economists had expected.

Japan refrained from selling yen in the foreign-exchange market last month, according to the Finance Ministry.

The nation didn't sell any of its currency from Jan. 30 to Feb. 27, the ministry's month-end data posted on its website shows. The yen last week tumbled to an almost nine-month low against the dollar after the Bank of Japan on Feb. 14 unexpectedly added ¥10 trillion to an asset-purchase program and set an inflation goal of 1 percent.

Companies' capital spending jumped by the most in nearly five years in the fourth quarter, government data showed Thursday, adding to signs that the economy is set to return to growth, Capital spending excluding software rose 4.9 percent from a year earlier, after declining 11 percent in the previous quarter, the Finance Ministry said

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March 1, 2012 Economic Reports actual v. forecast (GMT)

 

AUD

 
 
 

Building Approvals (MoM) 

0.9%

 

2.1%

 

-1.0%

 
 

 

AUD

 
 
 

Private New Capital Expenditure (QoQ) 

-0.3%

 

3.9%

 

14.6%

 
 

 

INR

 
 
 

Indian Trade Balance 

-14.8B

 

-11.0B

 

-12.7B

 
 

 

CHF

 
 
 

GDP (QoQ) 

0.1%

 

-0.1%

 

0.3%

 
 

 

GBP

 
 
 

Nationwide HPI (MoM) 

0.6%

 

0.3%

 

-0.3%

 
 

 

CHF

 
 
 

SVME PMI 

49.0

 

48.5

 

47.3

 
 

 

EUR

 
 
 

French Manufacturing PMI 

50.0

 

50.2

 

50.2

 
 

 

EUR

 
 
 

German Manufacturing PMI 

50.2

 

50.1

 

50.1

 
 

 

EUR

 
 
 

Manufacturing PMI 

49.0

 

49.0

 

49.0

 
 

 

PLN

 
 
 

Polish GDP (YoY) 

4.3%

 

4.2%

 

4.2%

 
 

 

GBP

 
 
 

Manufacturing PMI 

51.2

 

52.0

 

52.0

 
 

 

EUR

 
 
 

CPI (YoY) 

2.7%

 

2.6%

 

2.6%

 
 

 

EUR

 
 
 

Unemployment Rate 

10.7%

 

10.4%

 

10.6%

 
 

 

USD

 
 
 

Core PCE Price Index (MoM) 

0.2%

 

0.2%

 

0.1%

 
 

 

CAD

 
 
 

Current Account 

-10.3B

 

-9.6B

 

-12.3B

 
 

 

USD

 
 
 

Personal Spending (MoM) 

0.2%

 

0.4%

 

0.0%

 
 

 

USD

 
 
 

Initial Jobless Claims 

351K

 

353K

 

353K

 
 

 

USD

 
 
 

Continuing Jobless Claims 

3402K

 

3400K

 

3404K

 
 

 

USD

 
 
 

ISM Manufacturing Index 

52.4

 

54.6

 

54.1

 
 

 

USD

 
 
 

Fed Chairman Bernanke Testifies 

 
 
 
 
 
 
 

 

KRW

 
 
 

South Korean CPI (YoY) 

3.1%

 

3.5%

 

3.4%

 
 

 

JPY

 
 
 

Unemployment Rate 

4.6%

 

4.5%

 

4.6%

 
 

 

JPY

 
 
 

Tokyo Core CPI (YoY) 

-0.3%

 

-0.4%

 

-0.4%

 
 

Sovereign Bond Auction Schedule

Mar 05  10:10  Norway  Bond auction

Mar 06  10:10  Greece  Auctions 6M T-bills

Mar 06  10:15  Austria  Bond auction

Mar 06  10.30  UK  Auctions 0.75% 2034 I/L Gilt

Mar 06  15:30  UK  Details gilt auction on Mar 15

Mar 07  10:10  Sweden  Nominal bond auction

Mar 07  10:30  Germany  Eur 4.0bn Feb 2017 Bobl

Mar 07  10.30  UK  Auctions new Sep 2017 conventional Gilt

Mar 08  16:00  US

Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar

13 & 30Y Bonds on Mar 14

Mar 08  16:30  Italy   Details BOT auction on Mar 13

Mar 09  11:00  Belgium  OLO mini bond auction

Mar 09  16:30  Italy   Details BTP/CCTeu on Mar 14                                                            

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

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
80.3743
80.6452
81.1783
81.4492
81.9823
82.2532
82.7863

Fibonacci
80.6452
80.9523
81.1420
81.4492
81.7563
81.9460
82.2532

Camarilla
81.4904
81.5641
81.6378
81.4492
81.7852
81.8589
81.9326

Woodie's
-
80.7108
81.3095
81.5148
82.1135
82.3187
-

DeMark's
-
-
82.1178
81.5169
81.3137
-
-