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.
GBP/USD Fundamental Analysis February 17, 2012, Forecast
Analysis and Recommendations:
The GBP/USD is currently up trading at 1.5794 the Sterling extended gains against the U.S. dollar on as a flurry of upbeat U.S. economic data supported market sentiment although concerns over Greece’s second bailout package persisted. While rumors were flying along with accusations. Tensions continued to mount between Berlin and Athens and rumors of a move by the ECB on a Greek Bond Swap, kept investors and the markets jumping.
UK House prices rise 1.1% last month, fall 1% on the year in January
In the US today, data reported that 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.
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
