By FXEmpire.com
USD/CNY Fundamental Analysis April 11, 2012 Forecast
Analysis and Recommendation: (close of Asian session)
The USD/CNY is trading at 6.3084 as the USD lost ground after the negative employment reports
Chinese CPI rose 3.6 per cent in March from a year earlier, compared to a rise of 3.2 per cent in February.
Chinese balance of trade figures are expected on Tuesday, and gross domestic product data is due on Friday.
Economic Data for April 9-10, 2012 actual v. forecast
|
Apr. 09 |
JPY |
Adjusted Current Account |
0.85T |
0.66T |
0.14T |
|
CNY |
Chinese CPI (YoY) |
3.6% |
3.3% |
3.2% |
|
|
CNY |
Chinese PPI (YoY) |
-0.3% |
-0.2% |
0.0% |
|
|
JPY |
Economy Watchers Current Index |
51.8 |
46.5 |
45.9 |
|
|
RUB |
Russian Interest Rate Decision |
8.00% |
8.00% |
8.00% |
|
|
TRY |
Turkish Industrial Production (YoY) |
4.40% |
3.50% |
1.50% |
|
|
TWD |
Taiwanese Trade Balance |
2.36B |
2.19B |
2.83B |
|
|
EUR |
Greek CPI (YoY) |
1.70% |
2.10% |
||
|
EUR |
Greek Industrial Production (YoY) |
-8.30% |
-5.00% |
||
|
EUR |
Portuguese Trade Balance |
-2.88B |
-3.08B |
||
|
USD |
CB Employment Trends Index |
107.28 |
107.47 |
||
|
USD |
3-Month Bill Auction |
0.085% |
0.075% |
||
|
USD |
6-Month Bill Auction |
0.150% |
0.140% |
||
|
Apr. 10 |
GBP |
RICS House Price Balance |
-10% |
-12% |
-13% |
|
USD |
Fed Chairman Bernanke Speaks |
||||
|
AUD |
AIG Construction Index |
36.2 |
35.6 |
||
|
AUD |
NAB Business Confidence |
3 |
1 |
||
|
MYR |
Malaysian Trade Balance |
10.58B |
9.20B |
8.75B |
|
|
MYR |
Malaysian Industrial Production (YoY) |
7.5% |
6.5% |
0.3% |
Economic Events for April, 11, 2012
02:30 AUD Home Loans (MoM) -3.5% -1.2%
Home Loans record the change in the number of new loans granted for owner-occupied homes. It is a leading indicator of demand in the housing market.
13:30 USD Import Price Index (MoM) 0.8% 0.4%
The Import Price Index measures the change in the price of imported goods and services purchased domestically.
19:00 USD Federal Budget Balance -201.5B -232.0B
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.
Government Bond Auctions April 10-20, 2012
Apr 11 09:10 Italy BOT auction
Apr 11 09:30 Germany Eur 5.0bn new Jul 2022 Bund
Apr 11 09:10 Sweden Sek 5.0bn Jul 2012 & Sek 5.0bn Sep 2012 T-bills
Apr 11 09:30 Swiss Bond auction
Apr 11 09:30 UK Gbp 4.5bn 1.0% Sep 2017 Conventional Gilt
Apr 11 10:00 Norway Details T-bill auction on Apr 16
Apr 11 14:30 Sweden Details nominal bond auction on Apr 18
Apr 11 17:00 US Auctions 10Y Notes
Apr 12 09:10 Italy BTP/CCTeu auction
Apr 12 09:30 UK Gbp 2.0bn 4.25% Jun 2032 Conventional Gilt
Apr 12 15:00 US Announces auction of 5Y TIPS on Apr 19
Apr 12 17:00 US Auctions 30Y Bonds
Apr 13 10:00 Belgium OLO mini bond auction
Apr 16-30 n/a UK Re-opened 3.75% 2052 Conventional Gilt syndication
Apr 16 09:10 Slovakia Auctions floating rate Nov 2016 & 4.35% Oct 2025 & Bonds
Apr 16 09:10 Norway T-bill auction
Apr 17 08:30 Spain 12 & 18M T-bill auction
Apr 17 09:30 Belgium Auctions 3 & 12M T-bills
Apr 18 09:10 Sweden Nominal bond auction
Apr 18 09:30 Germany Eur 5.0bn 0.25% Mar 2014 Schatz
Apr 18 14:30 Sweden Details T-bill auction on Apr 25
Apr 19 08:30 Spain Obligacion auction
Apr 19 08:50 France BTAN auction
Apr 19 09:30 UK Auctions 0.125% I/L Gilt 2029
Apr 19 09:50 France OATi auction
Apr 19 15:00 US Announces 2Y Notes on Apr 24, 5Y Notes on Apr 25 & 7Y Notes on Apr 26
Apr 19 17:00 US Auctions 5Y TIPS
Apr 20 15:30 Italy Details CTZ/BTPei on Apr 24 & BOT on Apr 26
Originally posted here
