ZuluTrade Blog
Image

Market View

BOJ Shirakawa confirmed to lawmakers that BOJ will do its part to overcome deflation

Wednesday, February 22, 2012 3:38 AM GMT

Good morning ,

 

- USDJPY traded for the first time above 80.00 since last August, BOJ Shirakawa
  confirmed also to lawmakers that BOJ will do its part to overcome deflation.
  Headline HSBC PMI was better, but still below 50.0 and export growth was weak.
  Currencies traded overall in narrow ranges.


- Stocks: Nikkei +0.96 %, Hang Seng +0.19 %, Shanghai Composite +0.71 %,
  Dow Jones +0.12 %, S+P500 +0.07 %


- Federal Reserve officials expected "only moderate growth" in the coming
  quarters, despite improvement in some recent economic data, according to
  minutes of discount-rate meetings held last month and released Tuesday.


- China Data Recap                                    Period   Survey   Actual   Prior
  * HSBC Flash China Manufacturing PMI      Feb        -          49.7     48.8


- China's new export orders shrank in February the most in eight months, a
  preliminary HSBC business survey shows, defying expectations of a pick up
  after Lunar New Year holidays and a worrying sign of the impact of the euro
  area debt crisis.


- BOJ will play it's role to overcome deflation - Gov Shirakawa


- Australia Data Recap                 Period   Survey   Actual   Prior
  * Conf. Board Leading Index          Dec      -         0.2 %   -0.3 %
  * Westpac Leading Index              Dec      -         0.5 %   -0.1 % rev
  * DEWR Internet Skilled Vacancies    Jan      -        -0.6 %   -0.7 % rev
  * Wage Cost Index qoq                Q4       0.8 %     1.0 %    0.7 %
  * Wage Cost Index yoy                Q4       3.4 %     3.6 %    3.6 %


- Australian Foreign Minister Kevin Rudd resigned today in a press announcement
  from Washington. "I can only reluctantly conclude that I cannot continue to
  serve as foreign minister if I do not have the prime minister's support," he
  said. "I therefore believe the only honorable thing and the only honorable
  course of action is for me to resign."


- New Zealand Data Recap                Period   Survey   Actual    Prior
  * Credit Card Spending SA mom        Jan          -          0.8 %    0.9 %
  * Credit Card Spending yoy                Jan           -          3.1 %    5.9 %


- Bank of England Deputy Governor Charlie Bean said agreement on a second
  bailout for Greece may not be enough to end the debt crisis and countries in
  the euro-area periphery must reduce debt and improve competitiveness. Bean
  said also that while inflation is easing and some recent business surveys
  have been encouraging, growth will be "sluggish" in the first half of 2012
  and there's "added incentive" to cement the recovery.


- The U.N. nuclear agency on Wednesday acknowledged its renewed failure in
  trying to probe suspicions that Tehran has worked secretly on atomic arms, in
  a statement issued shortly after an Iranian general warned of a pre-emptive
  strike against any nation that threatens Iran.


- 1600 US Existing Home Sales Jan
- 0900 France PMI Manufacturing/Services Feb
- 0930 Germany PMI Manufacturing/Services Feb
- 1000 Eurozone PMI Manufacturing/Services/Composite Feb
- 1000 Italy CPI Jan
- 1100 Eurozone Industrial New Orders Dec
- 0930 Sweden Unemployment Rate
- 1000 Norway Unemployment Rate
- 1030 Bank of England Minutes

     (CET)

 

Have a good gay !

Comments are closed

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

This blog is for informational purposes only. This blog is not intended for distribution channels and may not be reproduced or distributed without the permission of Zulu Trade ltd or any of its affiliated entities (“ZuluTrade”). All opinions, news, prices or other information contained in this blog are provided as general market commentary and this report does not contain and it is in not to be considered in any circumstance as market analysis, offer or solicitation to buy or sell any financial instruments, personalized or general recommendation for any investment decision or investment strategy by ZuluTrade, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this blog should not be construed as financial or investment advice on any subject matter. The financial instruments referred to herein may not be suitable for all investors and any investments on such financial instruments requires the assessment by each investor and its counsels of the investor’s investment characteristics, including the investment risks which the latter is willing to assume. This blog has been based on information which has been made public, obtained from sources believed to be reliable, but it has not been verified by ZuluTrade. No representation or warranty (expressed or implied) is made as to the accuracy, completeness, correctness, timeliness or fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility of liability whatsoever of howsoever arising is accepted in relation to the contents hereof by ZuluTrade or any of its directors, officers, employees. Further, no representation is being made that any results will be achieved, and past performance is not indicative of future performance.