Australia Economic Indicator Actual Forecast Previous NAB Business Confidence 1 3 Westpac Consumer Sentiment 2.0% 7.7% Home Loans m/m -1.5% 0.2% -2.1% Employment Change 71.5k 9.5k 13.1k Unemployment Rate 5.4% 5.5% 5.4% Last week aussie, as the Australian dollar is known, had risen 1.9% (204 pips) in pair with the American Dollar. After the Home Loans indicator has fallen unexpectedly to -1.5%, the Employment Change has surprised the … [Read more...]
Wrap Up 11-15 March 2013 – USDCAD Down 0.9%
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Canada Economic Indicator Actual Forecast Previous NHPI 0.1% 0.1% 0.2% Capacity Utilization Rate 80.7% 80.8% 81.1% Last week was quite poor in economic data releases from Canada. Both indicators came as expected. Still the loonie has gained 0.9% in front of the American dollar as the CPI report showed that the inflation is contained, giving the Federal Reserve the possibility to maintain monetary stimulus program. Another factor that helped the Canadian dollar … [Read more...]
Wrap Up 11-15 March 2013 – GBPUSD Up 1.3%
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Great Britain Economic Indicator Actual Forecast Previous RICS House Price Balance -6% -1% -4% Manufacturing Production m/m -1.5% 0.0% 1.5 Trade Balance -8.2B -8.8B -8.7B Industrial Production -1.2% 0.1% 1.1% The pound has managed to recover a bit from the fall. Last week from 4 economic indicators posted for UK, only the Trade Balance was published over expectations. When the Manufacturing Production and Industrial Production were released the … [Read more...]
Wrap Up 11-15 March 2013 – EURUSD Up 0.66%
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Europe Economic Indicator Actual Forecast Previous German Trade Balance 15.7B 17.9B 16.9B French Industrial Production -1.2% -0.1% 0.9% EU Industrial Production -0.4% -0.1% 0.9% EU Employment Change -0.3% -0.1% -0.1% EU CPI 1.8% 1.8% 1.8% It is pretty clear that the last week economic data releases were bad. Leaving aside the CPI which came as expected, 1.8%, every other indicator was under the analyst’s forecasts. Despite these results … [Read more...]
FX: Weekly Wrap Up (USD, EUR, GBP, JPY, AUD, CAD)
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USA ISM Non-Manufacturing PMI 56.0 better than 55.0 that was expected; ADP Non-Farm Employment Change came 198k; Factory Orders -2%, better than -2.2% forecast; Trade Balance -44.4B; Unemployment Claims 340k; Consumer Credit 16.2B over 15.2B forecast; Bank stress test results; Non-Farm Employment Change 236k; Unemployment rate 7.7%; The week that just passed brought pretty good news from the US real economy. Just one of the seven most important macroeconomic … [Read more...]
