Economic Indicator Actual Forecast Previous Cash Rate 3.00% 3.00% 3.00% HIA New Home Sales -5.3% 4,2% Trade Balance -0.18B -1.00B -1.22B Building Approvals 3.1% 2.4% -2.0% Retail Sales 1.3% 0.3% 1.2% Overall it was a good week for the Australian economy. RBA kept the interest rate at 3.00%, giving it more time to until another cut. The Trade Balance came surprisingly better than expected, getting to a deficit of only 0.18 billion. Retails … [Read more...]
Wrap Up 24-29 March EURUSD Dropped 1.33%
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USA Economic Indicator Actual Forecast Previous Core Durable Goods Orders -0.5% 0.7% 2.3% Durable Goods Orders m/m 5.7% 3.9% -4.9% S&P/CS Composite-20 HPI m/m 8.1% 7.9% 6.8% CB Consumer Confidence 59.7 67.9 68.0 New Home Sales 411k 426k 431k Pending Home Sales -0.4% -0.3% 3.8% Unemployment Claims 357K 340K 341K Final GDP q/q 0.4% 0.5% 0.1% Chicago PMI 52.4 56.5 56.8 Core PCE Price Index … [Read more...]
Wrap Up 24-29 March USDJPY Down 0.3%
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Japan Economic Indicator Actual Forecast Previous CSPI y/y 0.1% 0.0% -0.2% Retail Sales -2.3% 0.9% -1.1% Household Spending y/y 0.8% 0.4% 2.4% Tokyo Core CPI y/y -0.5% -0.6% -0.6% Unemployment Rate 4.3% 4.2% 4.2% Prelim Industrial Production m/m -0.1% 2.6% 0.3% Housing Starts y/y 3.0% -1.0% 5.0% Last week was not a spectacular one for Japan’s economy. Tokyo Core CPI came as a good news, after its value was published -0.5%, … [Read more...]
Wrap Up 24-29 March GBPUSD Down 0.17%
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Great Britain Economic Indicator Actual Forecast Previous BBA Mortgage Approvals 30.5k 33.6k 32.0k CBI Realized Sales 0 12 8 Current Account -14.0B -12.8B -15.1B Final GDP q/q -0.3% -0.3% -0.3% Nationwide HPI m/m 0.0% 0.2% 0.2% Last week was not a very goof week for UK’s economy. Final GBP remained unchanged at -0.3% and the Current Account was surprisingly published under market’s expectation. The pound was bought by investors on risk … [Read more...]
Wrap UP 24-29 March USDCAD Down 0.51%
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Canada Economic Indicator Actual Forecast Previous Core CPI m/m 0.8% 0.3% CPI m/m 1.2% 0.6% 0.1% GDP m/m 0.2% 0.1% -0.2% RMPI m/m 2.2% 1.9% 3.8% Canada’s economy registered a small growth last month. The market was surprised by a bigger GDP than expected but also by the CPI report which showed that prices grew in February. WTI Crude’s price also gained this month and helped the Canadian dollar to gain in front of his counterparts. Next … [Read more...]
Wrap Up 24-29 March AUDUSD Down 0.26%
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Australia Economic Indicator Actual Forecast Previous Private Sector Credit m/m 0.2% 0.3% 0.2% The macroeconomic publications were almost inexistent last week for the Australian economy. The only indicator that drew some attention was Private Sector Credit which stagnated at 0.2%. Reserve Bank of Australia’s governor, Glenn Stevens, did not mention anything about the monetary policy in his latest speech. Next week the Cash Rate will be published, expected to be … [Read more...]
Wrap Up 18-23 EURUSD Up 0.64% On Hopes
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USA Economic Indicator Actual Forecast Previous Building Permits 0.95M 0.93M 0.90M Housing Starts 0.92M 0.92M 0.91M Unemployment Claims 336K 343K 334K Flash Manufacturing PMI 54.9 55.1 54.3 Existing Home Sales 4.98M 5.02M 4.94M Philly Fed Manufacturing Index 2.0 -1.6 -1.5 The US economy seems to be heading in the right direction. The economic data published last week was inside the forecasted limits with no impressive surprise. At … [Read more...]
Wrap Up 18-23 March: GBPUSD Up 0.74%
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Great Britain Economic Indicator Actual Forecast Previous CPI 2.8% 2.8% 2.7% PPI 3.2% 1.7% 1.3% Claimant Count Change -1.5K -5.2K -10.0K MPC Meeting Minutes 0-0-9 0-0-9 0-0-9 Unemployment Rate 7.8% 7.8% 7.8% Retail sales 2.1% 0.5% -0.7% Good news for the pound! This week the inflation report has managed to draw some attention. The CPI came as expected at 2.8%, just 0.1% higher than last month but still 0.8% over BOE’s target. The … [Read more...]
Wrap Up 18-23 USDJPY Down 0.78%
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Japan Economic Indicator Actual Forecast Previous Trade Balance -1.09T -1.01T -0.74T All Industries Activity -1.4% -1.1% 1.6% The yen had a pretty good week. It has gained in front the US dollar but also in front of the Euro and CHF. The economic calendar was almost empty but the most important indicator for last week was the Trade Balance which came at -1.09 trillion yens. The markets were expecting from the new BoJ governor, Kuroda, details on the monetary … [Read more...]
Wrap Up 18-23 March: USDCAD Only 0.12% Up
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Canada Economic Indicator Actual Forecast Previous Foreign Securities Purchases 13.4B 7.85B -1.92B Manufacturing Sales m/m -0.2% 0.7% -3.3% Core Retail Sales m/m 0.5% 0.4% -1.0% Retail Sales m/m 1.0% 0.6% -2.3% USD with the Canadian dollar was little changed. From Canada the economic data published this week was unexpectedly good. Foreign Securities Purchases grew at 13.4 billion; Core Retail Sales and Retails Sales also surprised the market with … [Read more...]
Wrap Up 18-22 March: AUDUSD Up 0.97%
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Australia Economic Indicator Actual Forecast Previous New Motor Vehicle Sales m/m 0.0% -2.2% MI Leading Index 0.3% 0.3% CB Leading Index 0.2% -0.1% The Australian economic calendar was poor this week, but the countries dollar had a positive performance. It touched a seven week high on speculation that the interest rate will not be cut by the central bank at the next monetary meeting. The rally started on Thursday, after the London opening, and was … [Read more...]
Wrap Up 11-15 March 2013 - USDJPY Down 0.9%
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Japan Economic Indicator Actual Forecast Previous Core Machinery Orders m/m -13.1% -1.6% 2.8% BSY Manufacturing Index -4.6 -6.2 -10.3 Tertiary Industry Activity m/m -1.1% -0.1% -0.3% Consumer Confidence 44.3 43.0 43.3 From Japan, the economic releases for last week are not that impressive. The indicators were ranked with low to medium impact and they did not influence the market that much. The week’s main event was actually the election of the BoJ … [Read more...]
