Economic Events: (GMT)
It is a quiet day for economic data throughout the world.
Feb 23GMT
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
AUD/USD Fundamental Analysis February , 2012 Forecast
Analysis and Recommendation: ( close of Asian session )
AUD/USD was trading at 1.0643 opening at 1.0647. The Australian dollar was lower at noon as equity markets softened and uncertainty surrounded the leadership of the Australian Labor Party.
By noon the Australian dollar was trading at 106.06 US cents, down from 106.71 cents on Wednesday.
Nomura head of foreign exchange Kurt Magnus said the Australian dollar was moving on these two trends, but would not stay down for long. And declined in afternoon trading to end at 1.0643
Wednesday February 22, 2012 Economic Reports actual v. forecast
| AUD |
Wage Price Index (QoQ) |
1.0% |
0.8% |
0.7% |
|
NZD |
Credit Card Spending (YoY) |
3.1% |
5.9% |
|
|
EUR |
French CPI (MoM) |
-0.4% |
0.3% |
0.4% |
|
EUR |
French Manufacturing PMI |
50.2 |
48.7 |
48.5 |
|
EUR |
French Services PMI |
50.3 |
51.9 |
52.3 |
|
EUR |
German Manufacturing PMI |
50.1 |
51.5 |
51.0 |
|
EUR |
German Services PMI |
52.6 |
53.8 |
53.7 |
|
TWD |
Taiwanese GDP (YoY) |
1.9% |
1.9% |
1.9% |
|
EUR |
Italian CPI (MoM) |
0.3% |
0.3% |
0.3% |
|
EUR |
Manufacturing PMI |
49.0 |
49.4 |
48.8 |
|
EUR |
Services PMI |
49.4 |
50.7 |
50.4 |
|
GBP |
MPC Meeting Minutes |
|||
|
EUR |
Industrial New Orders (MoM) |
1.9% |
0.6% |
-1.1% |
|
EUR |
German 2-Year Schatz Auction |
0.250% |
||
|
USD |
MBA Mortgage Applications |
-4.5% |
-1.0% |
|
|
EUR |
Spanish Trade Balance |
-4.50B |
-3.10B |
-2.70B |
|
EUR |
Belgium NBB Business Climate |
-7.7 |
-8.5 |
-9.5 |
|
MXN |
Mexican Retail Sales (YoY) |
3.5% |
6.5% |
7.5% |
|
USD |
Existing Home Sales |
4.57M |
4.67M |
4.38M |
Sovereign Bond Auction Schedule
Feb 24 10:10 Italy Auctions CTZ/BTP
Originally posted here
