By FX Empire.com
Economic Events: (GMT)
The economic calendar is very light for Friday, with the end the 1st falling on Thursday. These events will have no little or significant events in the market. There are also no events scheduled in the US.
|
00:00 |
NZD |
ANZ Commodity Price Index (MoM) |
1.2% |
|
14:00 |
USD |
Global Semiconductor Sales (MoM) |
-5.5% |
AUD/USD Fundamental Analysis March 2, 2012, Forecast
Analysis and Recommendation: (close of Asian session)
AUD/USD was trading at 1.0748 the Aussie dropped to 107.38 cents after the release of official data showing a 0.3 per cent fall in capital expenditure in the December quarter, lower than expectations.
Also released was building approvals data for January, which showed a rise by 0.9 per cent in January, slightly less than the market had forecast.
CMC Markets chief market strategist Michael McCarthy said the fall in the Aussie dollar could be attributed to both the data and a strong performance by the US currency on Wednesday.
China’s manufacturing gained momentum; helped by strength in new orders, export demand and production, though inflation pressures remain a concern, according to a survey released on Thursday.
The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose 0.5 points to 51.0 from January’s 50.5 and December’s figure of 50.3 in a third straight month of steady improvement.
February 29th and March 1, 2012 Economic Data forecast v. actual (bold March 1st)
|
AUD |
HIA New Home Sales (MoM) |
-7.3% |
-4.9% |
|||||||
|
AUD |
Construction Work Done (QoQ) |
-4.6% |
-0.6% |
11.7% |
||||||
|
AUD |
Retail Sales (MoM) |
0.3% |
0.3% |
-0.1% |
||||||
|
USD |
GDP Price Index (QoQ) |
0.9% |
0.4% |
0.4% |
||||||
|
USD |
GDP (QoQ) |
3.0% |
2.8% |
2.8% |
||||||
|
USD |
Chicago PMI |
64.0 |
61.8 |
60.2 |
||||||
|
JPY |
Capital Spending |
7.60% |
-6.50% |
-9.80% |
||||||
| AUD | Building Approvals (MoM) |
0.9% |
2.1% |
-1.0% |
||||||
| AUD | Private New Capital Expenditure |
-0.3% |
3.9% |
14.6% |
||||||
Sovereign Bond Auction Schedule
Mar 01 09:30 Spain Bono auction
Mar 01 09:50 France OAT auction
Mar 01 10.30 UK Auctions 4.0% 2022 conventional Gilt
Originally posted here
