Economic Events: (GMT)
21:45 NZD Core Retail Sales (QoQ) 1.1% 2.4%
21:45 NZD Retail Sales (QoQ) 1.3% 2.2%
These reports are released together monthy measures the change of the Retail Sales in the total value of inflation-adjusted sales at the retail level in New Zealand, excluding automobiles and gas stations. It is an important indicator of consumer spending and is also considered a pace indicator for New Zealand’s economy. This report might push the NZD up, especially against a weakened dollar.. (Watch this one closely. It might be a good trade. Below forecast sell NZD immediately, above Buy NZD immediately )
23:30 AUD Westpac Consumer Sentiment 2.40%
The Westpac Consumer Sentiment Index measures the change in the level of consumer confidence in economic activity. On the index, a level above 100.0 indicates optimism; below indicates pessimism. The data is compiled from a survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions.
05:00 JPY BoJ Monthly Report
The Bank of Japan’s (BoJ) monthly report contains the statistical data that policymakers evaluate when setting interest rates. The report also provides detailed analysis of current and future economic conditions from the bank’s perspective
USD/JPY Fundamental Analysis February 15, 2012, Forecast
Analysis and Recommendation: ( close of Asian session )
USD/JPY was trading at 77.920 after responding to the surprise BoJ announcement of additonal monetary easing. The Bank of Japan said it will expand its asset-purchase program again by ?10 trillion ($130 billion) and changed the wording of its price target following political pressure to strengthen its commitment to ending deflation. The BoJ central policy board said it will boost the size of its asset-purchase program, including low-cost loans — the main tool for easing credit amid near-zero interest rates up to ?65 trillion from ?55 trillion.
The pair responded immediately buy surging from the morning low of 77.369.
The pair should remain here until the US markets open, with a lot of economic data due in the US. Hopefully there will be no Greek surprises today.
Mondays weeks major economic reports actual v. forecast.
|
JPY |
GDP (QoQ) |
-0.6% |
-0.3% |
1.4% |
|||
|
JPY |
GDP Price Index (YoY) |
-1.6% |
-1.6% |
-2.1% |
|||
|
JPY |
Tertiary Industry Activity Index (MoM) |
1.4% |
0.8% |
-0.6% |
|||
|
EUR |
German WPI (MoM) |
1.2% |
0.4% |
0.0% |
|||
|
CHF |
PPI (MoM) |
0.0% |
0.2% |
0.3% |
|||
|
EUR |
German 6-Month Bubill Auction |
0.08% |
-0.01% |
||||
|
ALL |
OECD Composite Leading Indicators |
100.4 |
105.8 |
100.2 |
|||
Sovereign Bond Auction Schedule Feb 13-24
Feb 14 09:30 Netherlands Eur 3.0bn-4.0bn Jan 2017 DSL
Feb 14 09:30 Spain Eur 4.5-5.5bn 12 & 8M T-bill auction
Feb 14 10:10 Greece Eur1.0bn 3M T-bill auctionFeb 14 10:10 Italy
Eur 2.75-4bn 6% Nov 2014 BTPs & Eur 1-2bn 3% Nov 2015
& 4% Feb 2017 BTPs
Feb 14 10:30 Belgium Eur 1.8bn May 2012 & Eur 1.2bn Feb 2013 T-bills
Feb 15 10:10 Sweden Sek 10bn May 2012 T-bills
Feb 15 10:30 Portugal Eur 1.5-2bn May & Aug 2012 and Feb 2013 T-bills
Feb 16 01.30 Japan Auctions 5-year JGBs
Feb 16 09:30 Spain
Eur 3.0-4.0bn 4.4% Jan 2015, 4% Jul 2015 and 4.3% Oct
2019 Obligaciones
Feb 16 10.30 UK Gbp 1.75bn 4.5% Sep 2034 conventional Gilt
Feb 16 09:50 France
Eur 7-8.5bn 3% Jul 2014, 2.5% Jan 2015 & new 1.75% Feb
2017 BTANs
Feb 16 10:50 France
Eur 1.3-1.8bn 1.1% Jul 2022 OATei, 2.1% Jul 2023 OATi &
1.85% Jul 2027 OATei
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 Usd 9bn 30Y TIPS
Feb 20-24 n/a UK 0.375% 2062 I/L Gilt syndication
Feb 20 10:10 Norway Nok 3bn 4.5% May 2019 DSL
Feb 20 10:10 Slovakia Eur 0.15bn Apr 2014 & Eur 0.05bn Nov 2016 bonds
Feb 21 09:30 Spain 3 & 6M T-bill auction
Feb 21 15:30 UK Details gilt auction on Mar 01
Feb 21 18:00 US Auctions 2Y Notes
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/BTPei
Originally posted here
