Economic Events: (GMT)
06:30 EUR French CPI (MoM) 0.3% 0.4%
The French Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
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.
08:00 EUR French Manufacturing PMI 48.7 48.5
08:30 EUR German Manufacturing PMI 51.5 51.0
09:00 EUR Manufacturing PMI 49.4 48.8
Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
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.
09:30 GBP MPC Meeting Minutes
The Monetary Policy Meeting Minutes are a detailed record of the Bank of England’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members’ interest rate votes tends to be the most important part of the minutes.
10:00 EUR Industrial New Orders (MoM) 0.6% -1.2%
Industrial New Orders measures the change in the total value of new purchase orders placed with manufacturers. 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.
15:00 USD Existing Home Sales 4.67M 4.61M
Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
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.
USD/CAD Fundamental Analysis February 22, 2012, Forecast
Analysis and Recommendations:
The USD/CAD is currently trading 0.9960 precisely in the middle between the high and the low for the day. The USD has been up and down, earlier with Tuesday being the first day back from the holiday after the Greek settlement was announced and then worries and jitters began to upset the markets. Greece remains in the forefront. A trio of reports were released in Canada yesterday, with mixed results, Core Retail sales came in below estimates, while Retails Sales were right at forecast and Whole Sales were above giving mixed signals.
February 21, 2012 Economic Reports actual v forecast
|
NZD |
Inflation Expectations (QoQ) |
2.5% |
2.8% |
|
|
AUD |
RBA Governor Stevens Speaks | |||
|
JPY |
All Industries Activity Index (MoM) |
1.3% |
1.5% |
-1.0% |
|
CHF |
Trade Balance |
1.55B |
2.50B |
2.01B |
|
GBP |
Public Sector Net Borrowing |
-10.7B |
-9.1B |
11.1B |
|
TRY |
Turkish Interest Rate Decision |
5.75% |
5.75% |
5.75% |
|
CAD |
Core Retail Sales (MoM) |
0.0% |
0.2% |
0.4% |
|
CAD |
Retail Sales (MoM) |
-0.2% |
-0.2% |
0.4% |
|
CAD |
Wholesale Sales (MoM) |
0.9% |
0.5% |
-0.3% |
|
USD |
Chicago Fed National Activity |
0.22 |
0.22 |
0.54 |
|
EUR |
Consumer Confidence |
-20 |
-20 |
-21 |
|
USD |
2-Year Note Auction |
0.250% |
||
|
ARS |
Argentinian Unemployment Rate |
7.3% |
7.2% |
Sovereign Bond Auction Schedule
Feb 20-24 n/a UK 0.375% 2062 I/L Gilt syndication
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
