Economic Events: (GMT)
09:30 GBP Retail Sales (MoM) -0.2% 0.6%
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity
13:30 USD Core CPI (MoM) 0.3% 0.1%
13:30 USD CPI (MoM) 0.3% 0.0%
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
Analysis and Recommendations:
The USD/CAD is currently trading 0.9960 down from even money this morning opening at 1.00. The greenback was supported by economic data released today stating the number of U.S. workers making new applications for unemployment benefits fell last week to the lowest level in nearly four years.
The government reporting initial claims for unemployment benefits fell by 13,000 to a seasonally adjusted 348,000 last week, the lowest since March 2008.
Other reports had housing starts up 1.5% last month, while wholesale prices climbing 0.1% in January.
Continued uncertainty over a Greek bailout ahead of a March 20 bond repayment sent European equities lower and dented overall risk sentiment. Later in the day, the dollar lost some strength as rumors about a possible old bond new bond swap by the ECB was in the making.
Thursday February 16, 2012 Economic Reports forecast vs. actual
|
GBP |
Nationwide Consumer Confidence |
47 |
40 |
38 |
|
AUD |
Employment Change |
46.3K |
10.9K |
-35.6K |
|
AUD |
Unemployment Rate |
5.1% |
5.3% |
5.2% |
|
SEK |
Swedish CPI (YoY) |
1.9% |
1.9% |
2.3% |
|
SEK |
Swedish Interest Rate Decision |
1.50% |
1.50% |
1.75% |
|
EUR |
ECB Monthly Report |
|||
|
USD |
Building Permits |
0.68M |
0.68M |
0.67M |
|
USD |
Core PPI (MoM) |
0.4% |
0.1% |
0.3% |
|
Foreign Securities Purchases |
7.38B |
7.98B |
14.64B |
|
|
USD |
Housing Starts |
0.70M |
0.68M |
0.69M |
|
CAD |
Manufacturing Sales (MoM) |
0.60% |
0.50% |
1.90% |
|
USD |
PPI (MoM) |
0.1% |
0.3% |
-0.1% |
|
USD |
Initial Jobless Claims |
348K |
364K |
361K |
|
USD |
Continuing Jobless Claims |
3426K |
3550K |
3526K |
|
USD |
Fed Chairman Bernanke Speaks |
|||
|
MXN |
Mexican GDP (YoY) |
3.7% |
3.9% |
4.5% |
|
USD |
Philadelphia Fed Manufacturing Index |
10.2 |
8.4 |
7.3 |
Sovereign Bond Auction Schedule
Feb 20-24 n/a UK 0.375% 2062 I/L Gilt syndication
Feb 20 10:10 Norway Nok 3bn 4.5% May 2019 DSL
Feb 20 10:10 Slovakia Eur 0.15bn Apr 2014 & Eur 0.05bn Nov 2016 bonds
Feb 21 09:30 Spain 3 & 6M T-bill auction
Feb 21 15:30 UK Details gilt auction on Mar 01
Feb 21 18:00 US Auctions 2Y Notes
Feb 22 10:10 Sweden Nominal bond auction
Feb 22 10:30 Germany Eur 5.0bn Mar 2014 Schatz
Feb 22 16:30 Italy Details CTZ/BTPei on Feb 24 & BOT on Feb 27
Feb 22 18:00 US Auctions 5Y Notes
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
