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February 23, 2012 13:54 GMT

Economic Events: (GMT)

It is a quiet day for economic data throughout the world.

Feb 23GMT

22:30                    AUD                                                      RBA Governor Stevens Speaks

Reserve Bank of Australia (RBA) Governor Glenn Stevens (September 2006 - September 2013) is to speak. As the head of the RBA, which sets short term interest rates, he has a major influence over the value of the Australian dollar. Traders watch his speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts. After surprising the markets last week and holding rates, today's comments might have some effects on the Aussie.

NZD/USD Fundamental Analysis February  24, 2012, Forecast

NZD/USD Fundamental Analysis February 24, 2012, Forecast

Analysis and Recommendation: (Close of the Asian session)

NZD/USD is trading at .08292 even with the open, after dropping mid day on worries about Greece, but rebounding to end the session where it began.

Wednesday February 23, 2012 Economic Reports     actual v. forecast

 

 AUD

     

Wage Price Index (QoQ)

1.0%

 

0.8%

 

0.7%

   
 

NZD

     

Credit Card Spending (YoY)

3.1%

     

5.9%

   
 

EUR

     

French CPI (MoM)

-0.4%

 

0.3%

 

0.4%

   
 

EUR

     

French Manufacturing PMI 

50.2

 

48.7

 

48.5

   
 

EUR

     

French Services PMI 

50.3

 

51.9

 

52.3

   
 

EUR

     

German Manufacturing PMI 

50.1

 

51.5

 

51.0

   
 

EUR

     

German Services PMI 

52.6

 

53.8

 

53.7

   
 

TWD

     

Taiwanese GDP (YoY)

1.9%

 

1.9%

 

1.9%

   
 

EUR

     

Italian CPI (MoM)

0.3%

 

0.3%

 

0.3%

   
 

EUR

     

Manufacturing PMI 

49.0

 

49.4

 

48.8

   
 

EUR

     

Services PMI 

49.4

 

50.7

 

50.4

   
 

GBP

     

MPC Meeting Minutes

             
 

EUR

     

Industrial New Orders (MoM)

1.9%

 

0.6%

 

-1.1%

   
 

EUR

     

German 2-Year Schatz Auction

0.250%

           
 

USD

     

MBA Mortgage Applications

-4.5%

     

-1.0%

   
 

EUR

     

Spanish Trade Balance

-4.50B

 

-3.10B

 

-2.70B

   
 

EUR

     

Belgium NBB Business Climate

-7.7

 

-8.5

 

-9.5

   
 

MXN

     

Mexican Retail Sales (YoY)

3.5%

 

6.5%

 

7.5%

   
 

USD

     

Existing Home Sales

4.57M

 

4.67M

 

4.38M

   

Sovereign Bond Auction Schedule

Feb 24  10:10  Italy   Auctions CTZ/BTP

NZD/USD Pivot Points (Time Frame: 1 Day)

 
Name S3 S2 S1 Pivot R1 R2 R3
Classic 0.8216 0.8261 0.8291 0.8336 0.8366 0.8411 0.8441
Fibonacci 0.8261 0.8289 0.8307 0.8336 0.8364 0.8382 0.8411
Camarilla 0.8301 0.8308 0.8315 0.8336 0.8329 0.8336 0.8343
Woodie's - 0.8257 0.8284 0.8332 0.8360 0.8407 -
DeMark's - - 0.8351 0.8328 0.8276 - -
For more reports, go to FXEMpire
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