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
NZD/USD Fundamental Analysis February 23, 2012, Forecast
Analysis and Recommendation: (Close of the Asian session)
NZD/USD is trading at 0.8338 almost back at the opening. The New Zealand dollar had fallen after investors responded half-heartedly to news Greece secured a second bailout package, avoiding default.
The kiwi slipped to 83.55 US cents at 8am down from 83.74 cents on Tuesday at 5pm, having climbed as much as a cent after the Greek deal was announced. The kiwi had been pushed up on sentiment from announcements in China on the drop of reserve requirements for the banks.
February 21, 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% |
| 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
Originally posted here
