By FX Empire.com
Economic Events: (GMT)
There are no major economic events scheduled for New Zealand, Australia or the USA on Monday. Note the schedule below is GMT time.
23:50 JPY GDP (QoQ)
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.
23:50 JPY GDP Price Index (YoY)
The Gross Domestic Product (GDP) Price Index measures the change in the price of all goods and services included in GDP. It is the broadest measure of inflation and is the primary indicator the Bank of Japan uses to gauge inflation.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
23:50 JPY Tertiary Industry Activity Index (MoM)
The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
NZD/USD Fundamental Analysis February 13 , 2012, Forecast
Analysis and Recommendation: (Close of the Asian session )
NZD/USD held near a five-month high against the greenback as Greek leaders finally agreed measures to secure a new rescue package and avoid defaulting on debt.
The New Zealand dollar was little changed at 83.43 at the opening this morning but the dollar seemed to add strength throught the Asian session pushed the pair down to end the day at 83.00. There is a balancing act going on at this point between the USD and the Euro which is affecting all theUSD trading partners.
It’s 1 per cent solution and 99 per cent implementation – it’s still a long road to go which leaves the New Zealand dollar directionless in terms of the Greek headlines but there is still an underlying demand for the kiwi.
Economic Data Thursday Feb 9, 2012 ( actual v forecast )
|
AUD |
NAB Quarterly Business Confidence |
1.00 |
-3.00 |
|
|
KRW |
South Korean Interest Rate Decision |
3.25% |
3.25% |
3.25% |
|
CNY |
Chinese CPI (YoY) |
4.5% |
4.0% |
4.1% |
|
CNY |
Chinese PPI (YoY) |
0.7% |
0.8% |
1.7% |
|
GBP |
Industrial Production (MoM) |
0.5% |
0.2% |
-0.5% |
|
GBP |
Manufacturing Production (MoM) |
1.0% |
0.3% |
-0.1% |
|
GBP |
Trade Balance |
-7.1B |
-8.4B |
-8.9B |
|
GBP |
Interest Rate Decision |
0.50% |
0.50% |
0.50% |
|
EUR |
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
|
USD |
Initial Jobless Claims |
358K |
370K |
373K |
|
EUR |
ECB Press Conference |
|||
|
USD |
Continuing Jobless Claims |
3515K |
3525K |
3451K |
|
MXN |
Mexican CPI (YoY) |
4.0% |
4.0% |
3.8% |
|
GBP |
NIESR GDP Estimate |
-0.2% |
-0.2% |
Sovereign Bond Auction Schedule Feb 13-17
Feb 13 10:10 Italy BOT auction
Feb 13 10:10 Norway T-bill auction
Feb 13 10:30 Germany Eur 4.0bn Aug 2012 Bubill
Feb 13 12:00 Norway Details bond auction on Feb 20
Feb 14 09:30 Netherlands Eur 3.0bn-4.0bn Jan 2017 DSL
Feb 14 09:30 Spain 12 & 18M T-bill auction
Feb 14 10:10 Greece 3M T-bill auction
Feb 14 10:10 Italy BTP/CCTeu auction
Feb 14 10:30 Belgium Auctions 3 & 12M T-bills
Feb 15 10:10 Sweden Auctions T-bills
Feb 15 10:30 Portugal Eur 1.5-1.75bn May & Aug T-bills
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
