DailyFX - FXstreet.com
DailyFX - FXstreet.com
DailyFX - FXstreet.com
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ECONOMIC RELEASES<br />
Last 24 Hours<br />
Daily Effects<br />
March 7, 2007<br />
Currency GMT Release Actual Previous Comments<br />
AUD 22:30<br />
AiG Performance of Construction Index<br />
(FEB)<br />
51.7 48.4 Moved higher on employment and spending.<br />
AUD 22:30 Reserve Bank of Australia Rate Decision 6.25% 6.25%<br />
Rates unchanged on lack of present<br />
inflationary concern.<br />
JPY 23:50 Official Reserve Assets (FEB) $905.0B $895.4B New record, second-largest to China.<br />
AUD CashCard Retail Index (MoM) (FEB) -0.6% 0.9% Signs of lower credit card borrowing.<br />
GBP 0:01 Nationwide Consumer Confidence (FEB) 85 84 Britons expected economy to stay strong.<br />
AUD 0:30 Gross Domestic Product (QoQ) (4Q) 1.0% 0.3% Quarterly growth doubled estimates on<br />
AUD 0:30 Gross Domestic Product (YoY) (4Q) 2.8% 2.2% capital expenditure and consumption.<br />
NZD 2:00 ANZ Commodity Price Index (FEB) 1.6% 1.3% Raw material prices inched higher.<br />
JPY 5:00 Coincident Index (JAN P) 55.6% 75.0% Lower leading indicator suggested growth<br />
JPY 5:00 Leading Economic Index (JAN P) 35.0% 31.8% will slow from previously torrid pace.<br />
AUD 5:30 Foreign Reserves (Australian dollars) (FEB) $68B 76.8B Fall on foreign exchange holdings.<br />
CHF 6:45 Unemployment Rate (FEB) 3.2% 3.3% Reached fresh 4-year lows, supported solid<br />
CHF 6:45 Unemployment Rate sa (FED) 3.0% 3.0% spending and economic growth.<br />
EUR 11:00 German Factory Orders sa (MoM) (JAN) -1.0% -0.2% Results were mixed as prior month adjusted<br />
EUR 11:00 German Factory Orders nsa (YoY) (JAN) 7.8% 1.7% higher.<br />
USD 12:00 MBA Mortgage Applications (MAR 2) 7.3% 3.2%<br />
Rose as lower borrowing costs boosted<br />
home purchases and refinancing.<br />
USD 13:15 ADP Employment Change (FEB) 57K 126K Levels drop on seasonal employment shifts.<br />
USD 15:30 EIA Crude Oil Stocks -- 1.4M<br />
Stocks fell on short crude demands during<br />
the summer.<br />
USD 20:00 Consumer Credit (JAN) $6.4B $6.0B<br />
Price concessions on goods boosted<br />
spending.<br />
NZD 20:00 Reserve Bank of New Zealand Rate Decision 7.50% 7.25% Rate hike was introduced to fight inflation.<br />
NZD 21:45 Terms of Trade Index (QoQ) (4Q) 2.4% -1.9%<br />
Falling import prices has helped drive terms<br />
of trade higher from previous quarter.<br />
GLOBAL MARKETS<br />
Markets Close Change Comments<br />
Dow 12192.45 -15.14 Market fell as the nation's second-largest homebuilder darkened the outlook on<br />
S&P 500 1391.97 -3.44 housing.<br />
Nikkei 16764.62 -79.88 Japanese stocks fell, led by weaker earnings growth on Canon and Sony.<br />
FTSE 6156.50 +18.00<br />
DAX 6617.75 +22.75<br />
European stocks advanced for a second day as investors bet takeovers will increase<br />
retail and gaming industries.<br />
Gold 649.10 +2.60 Rises on expectations rebounding equity markets will lead to demand for risky metal.<br />
Crude Oil (WTI) 61.79 +1.10 Energy <strong>com</strong>plex receives a boost on depleted inventory numbers<br />
USD Index 83.75 -0.29 Extends decline as Beige Book shows weak expansion in several sectors.<br />
US 10-Year (Yld) 4.487 -4bp Treasury advanced as investors seek refuge from falling stocks.<br />
Bund - 10 Year<br />
(Yld)<br />
Gilt - 10 Year (Yld)<br />
3.912<br />
4.76<br />
+0bp<br />
+0bp<br />
European bonds drop for a third day on the speculation that raising interest rates is<br />
likely.<br />
JGB - 10 Year (Yld) 1.610 +0bp Japanese bond futures gained as stock slump revives debt demand.<br />
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or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.