Maketi Iloiloga Me 7 2012
O mea na tutupu ile tamaoaiga ole Me 7, 2012 mo le European and US Markets
01:30 AUD NAB Business Confidence 3
le Ausetalia a Atunuu Ausetalia (NAB) Business Confidence Index rates the current level of business conditions in Australia. Changes in business sentiment can be an early signal of future economic activity such as spending, hiring, and investment. The index is based on data collected from a survey of around 350 companies. A level above zero indicates improving conditions; below indicates worsening conditions.
01:30 AUD Retail Sales 0.2% 0.2%
Sales taitasi fuaina le suiga i le aofaʻi o tau o faʻatauga faʻatatau i le tau o oloa i le tulaga faʻatau. O le fa'ailoga pito sili lea o tupe fa'aalu a tagata fa'atau, lea e fa'atatau i le tele o gaioiga fa'aletamaoaiga atoa.
01:30 AUD Building Approvals 3.0% -7.8%
Building Approvals (also known as Building Permits) measures the change in the number of new building approvals issued by the government. Building permits are key indicator of demand in the housing market.
05:45 CHF Unemployment Rate 3.1% 3.1%
le fua faatatau leai o ni galuega fuaina le pasene o le aofa'i o tagata faigaluega e leai ni galuega ma o lo'o to'aga e su'e galuega i le masina talu ai.
07:15 CHF CPI 0.2% 0.6%
le Faasino Upu Price tagata faatau (CPI) fuaina le suiga i le tau o oloa ma auaunaga mai le vaaiga a le tagata faatau. Ose auala autu e fuaina ai suiga ile fa'atauga ma le tau o le tau.
10:00 EUR German Factory Orders 0.5% 0.3%
German Factory Orders measures the change in the total value of new purchase orders placed with manufacturers for both durable and non-durable goods. It is a leading indicator of production.
12:30 CAD Building Permits 7.5%
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
Euro Tala
EURUSD (1.30.84) The EUR/EUR is trending lower, but finding support at 1.3121, the 100‐day moving average. There is significant upcoming risk for EUR with the release of nonfarm payrolls and both the Greek and French elections. Yesterday’s ECB press conference suggested to us that President Draghi is unlikely moving towards a near‐term interest rate cut as he reiterated several times that policy is already accommodative; however the door was left open to future alternative policy announcements, including further LTROs.
The June 6th ECB meeting will prove interesting with the release of new forecasts. EUR continues to be resilient (likely due to repatriation flows,FX reserve flows, the value in Germany, the need by the US for a weak USD and the inflationary consequence of oil above $100). By the end of trading on Friday, oil had plunged under the $100 price and a negative jobs report, strengthened the dollar as investors were back to central bank mode.
Le Pauna Sterling
GBPUSD (1.6185) The Sterling was on its own on Friday, with little eco data and drama in Europe and the US, kept investors looking elsewhere. The pound has been able to hold above the 1.61 level, even as the greenback garnered strength on all its partners. The excitement will be upcoming BoE meeting this week. Hold your horses.
Asia – Tupe Faʻapitoa
USDJPY (79.85) Japan has been on holiday most of this week due to several local and regional holidays. There hasn’t been much change here, just reaction to the global markets. The dollar lost strength here, as investors sought the yen as a safety net.
auro
Auro (1642.65) Gold is still looking for direction, as it remains congested in the 1650-1640 range, as it was for most of April. The impression is that gold is quietly inching down, but with new pressures on the Fed to take action, there could be a pause here.
Suauu masoa
Suauʻu Masoa (98.55) U.S. crude futures fell for a third session, falling more than 4 percent on the data indicating slowing economic growth and on increased OPEC production. Also, higher crude production from Saudi Arabia and data showing rise in the U.S. crude inventories in six straight weeks have led the prices to come down. Strong near term support is at 98.45 levels and immediate resistance at 95.85. This has been a dramatic shift, as speculators have pulled out of the markets. Crude has no support, high inventories, low demand and high production. We should begin to see a world glut. Though this is exactly what the US economy needs.
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