By FX Empire.com
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.
AUD/USD Fundamental Analysis March 5, Forecast
Analysis and Recommendation: (close of Asian session)
AUD/USD was trading at 1.0783 off 1.0809 after data from the US showed better-than-expected jobs figures and slightly weaker manufacturing activity. Initial jobless claims figures in the US showed a drop by 2,000 to a four-year low of 351,000. Also, the Institute of Supply Management (ISM) purchasing managers index (PMI) fell to 52.4 in February from 54.1 the month before.
Most of the US data was below expectations offering modest lifting in the Aussie dollar overnight.
There’s not much economic data or speeches due out, so I think it’s going to be quiet.
The Aussie will be a bit above or below 108 (US cents).The main move was a positive one overnight, which followed US equity markets which were stronger. On balance, the data was probably neutral.
The ABS will release business indicator figures for the month of December, Monday. As well as Commonwealth Bank of Australia and the Australian Industry Group will release their performance of services index for February.
TD Securities will release it February inflation gauge, while ANZ will release data on internet job advertisements for the month.
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% |
| 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
Originally posted here
