Economic Events: (GMT)
06:45 CHF Unemployment Rate
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
A higher than expected reading should be taken as negative/bearish for the CHF, while a lower than expected reading should be taken as positive/bullish for the CHF.
08:15 CHF CPI (MoM)
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.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
11:00 EUR German Factory Orders (MoM)
German Factory Orders measures the change in the total value of new purchase orders placed with manufacturers for both durable and non-durable goods. It is a leading indicator of production.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
19:00 USD Federal Budget Balance
The Federal Budget Balance measures the difference in value between the federal government’s income and expenditure during the reported month. A positive number indicates a budget surplus, a negative number indicates a deficit.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Economic Data results prior trading day ( key better than expected worse than expected at forecast )
|
USD |
Monster Employment Index |
133 |
140 |
|
|
EUR |
French Services PMI |
52.3 |
51.7 |
51.7 |
|
EUR |
German Services PMI |
53.7 |
54.5 |
54.5 |
|
EUR |
Services PMI |
50.4 |
50.5 |
50.5 |
|
GBP |
Services PMI |
56.0 |
53.5 |
54.0 |
|
EUR |
Italian CPI (MoM) |
0.3% |
0.2% |
0.4% |
|
EUR |
Retail Sales (MoM) |
-0.4% |
0.4% |
-0.4% |
|
Employment Change |
2.3K |
24.0K |
17.5K |
|
|
CAD |
Unemployment Rate |
7.6% |
7.5% |
7.5% |
GBP/USD Fundamental Analysis February 6, 2012, Forecast
Analysis and Recommendations:
The GBP/USD is currently 1.5769 and falling. The USD soared past all of its major trading partners today after jobs reports beat forecasts in the US.
The US added 243,000 jobs as reported by the Labor Department for the first time since April. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.
This was the boost the US needed to signal that the economy was recovering.
The Markit/CIPS purchasing managers index for Britain’s dominant services sector rose to a 10-month high at 56.0 in January from 54.0 in December. Economists had forecast a January reading of 53.3. A reading of more than 50 signals growth in activity, while a figure of less tha 50 indicates a contraction.
Scheduled Sovereign Bond Sales
Feb 06 10:10 Norway Bond auction
Feb 07 09:00 Netherlands Eur 5.0bn Jul 2022 DSL
Feb 07 10:10 Greece 6M T-bill auction
Feb 07 10.30 UK Auctions 1.75% 2017 conventional Gilt
Feb 07 15:30 UK Details gilt auction on Feb 16
Feb 07 18:00 US Auctions 3Y Notes
Feb 08 10:10 Sweden Nominal bond auction
Feb 08 10:30 Germany Eur 4.0bn Feb 2017 Bobl
Feb 08 10:30 Swiss Bond auction
Feb 08 16:30 Italy Details BOT auction on Feb 13
Feb 08 18:00 US Auctions 10Y Notes
Feb 09 10:10 Sweden Sek 0.75bn I/L bond auction
Feb 09 15:30 Sweden Details I/L bond auction on Mar 23
Feb 09 16:00 US Announces auctions of 30Y TIPS on Feb 16
Feb 09 16:30 Italy Details BTP/CCTeu auction on Feb 14
Feb 09 18:00 Italy Auctions 30Y Bonds
Feb 10 11:00 Belgium OLO auction
Originally posted here
