1:50 AM CAD BOC Gov Carney Speaks
3:00 AM USD Consumer Credit m/m Previous -5.4B Actual 1.0B
6:45 AM NZD Manufacturing Sales q/q Previous 0.7% Actual 0.9%
7:01 AM GBP BRC Retail Sales Monitor y/y Previous -2.3% Actual 0.8%
7:50 AM JPY Bank Lending y/y Previous -1.8% Actual -2.0%
7:50 AM JPY Current Account Previous 1.77T Actual 1.38T
7:50 AM JPY M2 Money Stock y/y Previous 2.9% Actual 3.1%
7:55 AM USD Fed Chairman Bernanke Speaks
9:30 AM AUD NAB Business Confidence Previous 13 Actual 5
1:00 PM JPY Leading Indicators Previous 101.9% Actual 101.7%
Summary: Overall Asian Zone economic data is relatively poor given the opportunity for the USD to strengthen briefly.
Impact: EUR-USD move down to 23.6% Fibonacci Retracement in 5 minutes time frame
Gap between Asian and Euro zone = Market make correction upside due to oversold position in the long-term.
Euro Zone Market:
1:45pm CHF SECO Economic Forecasts
1:45pm CHF Unemployment Rate Previous 4.0% Actual 4.0%
2:00pm EUR German Trade Balance Previous 13.0B Actual 13.1B
2:00pm JPY Economy Watchers Sentiment Previous 49.8 Actual 47.7
2:45pm EUR French Trade Balance Previous -4.4B Actual -4.2B
2:50pm EUR French Gov Budget Balance Previous -28.9B Actual -56.2B
3:15pm CHF CPI m/m Previous -28.9B Actual -56.2B
6:00pm EUR German Industrial Production m/m Previous 4.3% Actual 0.9%
Summary: Overall Euro Zone economic data was relatively week
Impact: Market move down to Fibonacci 0% level 5 minutes time frame
US Zone Market:
8:15pm CAD Housing Starts Previous 201K Actual 189K
8:25pm USD FOMC Member Duke Speaks Previous 201K Actual 189K
10:00pm USD IBD/TIPP Economic Optimism Previous 48.7 Actual 46.2
Overall Summary: Market data for US market is less convincing and did not make significant impact to the market.
Impact: Little Impact
After US Zone Economic data the market start to move up to the previous resistant level 161% Fibonacci correction at 5 minutes time frame.
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