The U.S. dollar reversed losses QE3 is closer to second place and Greece still wallowing in the mire. A long list of heavyweights in the United States led to the Non-Farm Payrolls figure, five rates (including the decisions of the Euro-zone) and a possible decision on Greece all that awaits us during this busy week. Here is an overview of the main drivers of the futures market.
Last week brought encouraging news for the dollar and Bernanke improvement of employment, recognition and an upward revision of U.S. GDP. QE3 possibilities are weaker. In europe, the Heads of State and Government to delay the final green light for Greece. 5 things that can be converted to a red light. It has to be a red light? The countdown to a default value of Greece. Let’s to start:
1.US ISM Non-Manufacturing PMI: Monday, 15:00 clock. The services sector continued to grow in the United States last month rose to 56.8 from 53.2 in January, in December. The. Read bits expectations for a reading of 53.2, the continuous improvement in the economy of the United States, a small decline to 56.3 are now expected to propose.
2.Australian rate decision:: Tuesday, 03.30. The Reserve Bank of Australia (RBA) left the cash rate to 4.25% at the Council meeting in February. Economists had expected a quarter-percentage point cut in interest rates, RBA Governor Glenn Stevens said, however, that despite the uncertainty in the Euro zone, the Australian economy in a growth trend Accordingly, the Commission decided to keep interest rates unchanged. There are no changes planned.
3.Australian GDP: Wednesday, 0:30. The gross domestic product grew 1% in the third quarter of the expected increase of 0.8% after a revised growth of 1.4% in the second quarter. The economy is on a growth trend despite Australia? S, the government will lour its forecast for real GDP growth next year to 3.25%, given the general uncertainty. But now it looks good for the Australian market. Growth of 0.7% predicted.
4.US ADP Non-Farm Employment Change: Wednesday, 13.15. The private sector added 170,000 jobs in January after a revised increase of 292,000 in December shows the labor market strengthens. 201K.
5.New Zealand Rate Decision: Wednesday, 20:00 clock. Bank of New Zealand has kept interest rates at a record low of 2.5% in the light of the European debt crisis and the ongoing uncertainty in global terms. But the reconstruction of Canterbury in New Zealand offers more growth. There are no changes planned.
6.Australian employment data: Thursday, 0:30 The Australian labor market has increased from 46.300 jobs in January, after an addition of 10,000 jobs in December. The number of Australian workers rose to a document containing information on the labor market is in a curious position. Meanwhile, the unemployment rate fell to 5.1% versus 5.2% in December. However, economists predict the job market softens the recent layoffs in the banking, manufacturing and airlines. A small increase of 5,200 jobs and the unemployment rate of 5.2% is now expected.
7.UK rate decision: Thursday 12:00 clock. The BOE left interest rates at 0.5%, but increased its quantitative easing program by £ 50 billion £ 325 billion. The members are not increasing the QE less damage is done. No change is expected today, despite the fact that two members continue their expansion wanted.
8.Euro-Zone rate decision: Thursday, 12.45. European Central Bank kept its key rate to 1% for the second interest rate cut next month in November and December, in line with forecasts. In 2011. The European Central Bank President Mario Draghi said at a press conference that the Euro area is still subject to downside risks, but the risks are “essential” in light of the recent settlement of the debt of Greece. The same rate is now expected.
9.US Unemployment Claims: Thursdays, 13:30 clock. The number of Americans filing initial claims for unemployment benefits continues to decrease with the moving average in the same way. Suggesting a more in the labor market fewer layoffs. Yet, despite continued progress in the labor market, unemployment remains high in 2012. A small increase of 352,000 expected.
10.Canadian rate decision: Wednesday, 14:00 clock. The bank of Canada left its key interest rate to 1.0% overnight, in the light, if the current debt crisis and the global political uncertainties in Europe is needed. In addition, Mark Carney, the central bank chief warned consumers to improve the bank debt. There are no changes planned. Canada saw a nice finish to 2011, with the economic expansion of 0.4%.
11.Eurogroup conference call: Friday. EU leaders decided that the results of the bond and the exchange of “evaluation” of the previous actions of Greece before the release of funds, expected to Greece. A conference call is scheduled for Friday to give the final green light. An extension until Monday 12 March, it is certainly possible.
12.Canadian employment data: Friday, 00.00. The Canadian labor market added that 2,300 jobs in January, much lower than the expected increase of 24,500 jobs in December included then 17 500. Meanwhile, the unemployment rate rose to 7.6% against 7.5% in December, with massive layoffs in the construction industry. Economists believe that the situation will remain soft in the labor market in 2012. An addition of 13,900 jobs with the same unemployment rate of 7.6% is expected today.
13.US Non-Farm Employment Change: Friday, 13.30. Non-agricultural wages rose by 243 000 jobs in January, the highest growth rate in nearly three years, compared with 203 000 the previous month. The reading suggested well above the 150,000 predicted by most analysts that growth and expansion of the U.S. economy. Economists are forecasting a growth of more up to the winter 2012th An increase of 207,000 non-farm employment is expected.
14.US Unemployment rate: Friday, 13.30. With outstanding work by the addition of 243 000 in January, the unemployment rate marked an increase of 8.3% from 8.6% in December continued to surprise analysts, indicating a trend of growth in the labor market. No change is expected today. QE3 and is likely to be small. A good report could convince the markets that EQ3 is coming 13th In March.
15.US Trade Balance: Friday, 13.30. U.S. trade deficit in December to $ 47.1 billion from 48800000000 is extended in November, due to rising imports. Reading was close to market expectations of 47.8 billion. However, companies are more optimistic about the increase in investment will reduce the imports. A slight decrease of $ 48600000000 is now expected.
* All times are GMT.
That’s all for the most important events of this week. Stay tuned for the reporting of certain currencies.
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