Economic Events: (GMT)
Feb 16th
13:30 USD Building Permits 0.68M 0.67M
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
13:30 USD Core PPI (MoM) 0.1% 0.3%
13:30 USD PPI (MoM) 0.3% -0.1%
The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.
13:30 USD Housing Starts 0.68M 0.66M
Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector
13:30 USD Initial Jobless Claims 364K 358K
13:30 USD Continuing Jobless Claims 3550K 3515K
Initial and Continuing Jobless claims measures the number of individuals who filed for unemployment insurance for the first time or renewed during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
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.
14:00 USD Fed Chairman Bernanke Speaks
Federal Reserve Chairman Ben Bernanke (February 2006 – January 2014) is to speaky on the economic outlook and recent monetary policy actions, in Washington DC
15:00 USD Philadelphia Fed Manufacturing Index 8.4 7.3
The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.
Analysis and Recommendation: ( close of Asian session )
AUD/USD was trading at 106.61, falling from a high in earlier trading of 1.0793. The Aussie was strong today on economic data out on unemployment dropping to 5.1% and the employment change surged above forecasts. It was all positive news down under today. More worries about Greece, began pushing to greenback higher towards the end of the session, seeing the AUD lose the battle
Thursday Economic Data ( asian session )
|
AUD |
MI Inflation Expectations |
2.5% |
2.8% |
|
|
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% |
Wednesday Economic Data actual v. forecast
|
AUD |
New Motor Vehicle Sales (MoM) |
1.3% |
-2.7% |
|
|
KRW |
South Korean Trade Balance |
-2.03B |
-1.96B |
|
|
JPY |
BoJ Monthly Report |
|||
|
SGD |
Singaporean Retail Sales (YoY) |
4.2% |
7.0% |
6.2% |
|
EUR |
French GDP (QoQ) |
0.2% |
-0.2% |
0.3% |
|
EUR |
German GDP (QoQ) |
-0.2% |
-0.3% |
0.6% |
|
EUR |
Spanish CPI (YoY) |
2.0% |
2.0% |
2.4% |
|
SEK |
Swedish GDP (QoQ) |
3.4% |
2.1% |
3.0% |
|
HUF |
Hungarian GDP (YoY) |
1.4% |
0.5% |
1.4% |
|
CZK |
Czech GDP (QoQ) |
0.5% |
0.7% |
1.2% |
|
EUR |
Austrian GDP (YoY) |
1.2% |
2.5% |
|
|
EUR |
Netherlands GDP (YoY) |
-0.7% |
0.3% |
1.1% |
|
EUR |
Italian GDP (QoQ) |
-0.7% |
-0.6% |
-0.2% |
|
GBP |
Average Earnings Index +Bonus |
2.0% |
1.8% |
2.0% |
|
GBP |
Claimant Count Change |
6.9K |
3.2K |
1.9K |
|
GBP |
Unemployment Rate |
8.4% |
8.4% |
8.4% |
|
EUR |
GDP (QoQ) |
-0.3% |
-0.4% |
0.1% |
|
EUR |
Trade Balance |
7.5B |
4.7B |
6.1B |
|
CHF |
ZEW Expectations |
-21.2 |
-50.1 |
|
|
MYR |
Malaysian GDP (YoY) |
5.2% |
4.5% |
5.8% |
|
GBP |
BoE Inflation Report |
|||
|
GBP |
BoE Gov King Speaks |
|||
|
USD |
MBA Mortgage Applications |
-1.0% |
7.5% |
|
|
PLN |
Polish CPI (YoY) |
4.1% |
4.3% |
4.6% |
|
USD |
NY Empire State Manufacturing Index |
19.5 |
14.2 |
13.5 |
|
USD |
TIC Net Long-Term Transactions |
17.9B |
62.3B |
61.3B |
Sovereign Bond Auction Schedule Feb 13-17
Feb 16 09:30 Spain Obligacion auction
Feb 16 10.30 UK Auctions 4.5% 2034 conventional Gilt
Feb 16 10:50 France BTA/OATi auction
Feb 16 16:00 US
Announces auctions of 2Y Notes on Feb 21, 5Y Notes on Feb
22 & 7Y Notes on Feb 23
Feb 16 18:00 US Auctions 30Y TIPS
Originally posted here
