By FX Empire.com
Economic Events: (GMT)
00:30 AUD Company Gross Operating Profits (QoQ)
Company Gross Operating Profits measures the change in the total value of profits earned by private, non-financial corporations, with more than 20 employees. It is a leading indicator of business conditions and economic health.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD
15:00 USD ISM Non-Manufacturing Index
The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) (also known as the ISM Services PMI ) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. The data is compiled from a survey of approximately 400 purchasing managers in the non-manufacturing sector. On the index, a level above 50 indicates expansion; below indicates contraction.
NZD/USD Fundamental Analysis March 5, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)
NZD/USD is trading at 0.8368 the New Zealand dollar rose to 83.87 US cents from 83.50 cents at 5pm on Thursday but declined in late trading.
The New Zealand dollar rose against most currencies as equity markets continued their ascent, stoking risk appetite and demand for currencies such as the kiwi. In early trading the kiwi was strong
The kiwi benefited from Chinese manufacturing figures on Thursday, which showed China’s official purchasing managers’ index (PMI) rose to 51.0 from 50.5 in January.
With the US Federal Reserve keeping its benchmark interest rate near zero, New Zealand’s official cash rate of 2.5 per cent and Australia’s 4.25 per cent cash rate mean the nations’ rates are relatively attractive to global investors.
March 1, 2012 Economic Reports actual v. forecast (GMT)
|
AUD |
Building Approvals (MoM) |
0.9% |
2.1% |
-1.0% |
|
AUD |
Private New Capital Expenditure (QoQ) |
-0.3% |
3.9% |
14.6% |
|
INR |
Indian Trade Balance |
-14.8B |
-11.0B |
-12.7B |
|
CHF |
GDP (QoQ) |
0.1% |
-0.1% |
0.3% |
|
GBP |
Nationwide HPI (MoM) |
0.6% |
0.3% |
-0.3% |
|
CHF |
SVME PMI |
49.0 |
48.5 |
47.3 |
|
EUR |
French Manufacturing PMI |
50.0 |
50.2 |
50.2 |
|
EUR |
German Manufacturing PMI |
50.2 |
50.1 |
50.1 |
|
EUR |
Manufacturing PMI |
49.0 |
49.0 |
49.0 |
|
PLN |
Polish GDP (YoY) |
4.3% |
4.2% |
4.2% |
|
GBP |
Manufacturing PMI |
51.2 |
52.0 |
52.0 |
|
EUR |
CPI (YoY) |
2.7% |
2.6% |
2.6% |
|
EUR |
Unemployment Rate |
10.7% |
10.4% |
10.6% |
|
USD |
Core PCE Price Index (MoM) |
0.2% |
0.2% |
0.1% |
| Current Account |
-10.3B |
-9.6B |
-12.3B |
|
|
USD |
Personal Spending (MoM) |
0.2% |
0.4% |
0.0% |
|
USD |
Initial Jobless Claims |
351K |
353K |
353K |
|
USD |
Continuing Jobless Claims |
3402K |
3400K |
3404K |
|
USD |
ISM Manufacturing Index |
52.4 |
54.6 |
54.1 |
|
USD |
Fed Chairman Bernanke Testifies | |||
|
KRW |
South Korean CPI (YoY) |
3.1% |
3.5% |
3.4% |
|
JPY |
Unemployment Rate |
4.6% |
4.5% |
4.6% |
|
JPY |
Tokyo Core CPI (YoY) |
-0.3% |
-0.4% |
-0.4% |
Sovereign Bond Auction Schedule
Mar 05 10:10 Norway Bond auction
Mar 06 10:10 Greece Auctions 6M T-bills
Mar 06 10:15 Austria Bond auction
Mar 06 10.30 UK Auctions 0.75% 2034 I/L Gilt
Mar 06 15:30 UK Details gilt auction on Mar 15
Mar 07 10:10 Sweden Nominal bond auction
Mar 07 10:30 Germany Eur 4.0bn Feb 2017 Bobl
Mar 07 10.30 UK Auctions new Sep 2017 conventional Gilt
Mar 08 16:00 US
Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar
13 & 30Y Bonds on Mar 14
Mar 08 16:30 Italy Details BOT auction on Mar 13
Mar 09 11:00 Belgium OLO mini bond auction
Mar 09 16:30 Italy Details BTP/CCTeu on Mar 14
Originally posted here
