By FXEmpire.com

Analysis and Recommendations:

The EUR/CHF closed the month, just where it started the month at 1.2009. It was a rocky month, with bounces along the way, but the pair seemed to be able to sleep through most of the turmoil. With the SNB floor set at 1.20 the euro bears have not been able to push the Franc much lower, since it dropped to 1.1995 on April 5th.

Swiss GDP surprised the markets to the upside but still was not enough to move the pair.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data for May 31, 2012 actual v. forecast

Currency

Event

Actual

Forecast

Previous

JPY

Industrial Production (MoM)

0.2%

0.5%

1.3%

AUD

Building Approvals (MoM)

-8.7%

0.7%

6.0%

AUD

Private New Capital Expenditure (QoQ)

6.1%

4.0%

-0.7%

CHF

GDP (QoQ)

0.7%

0.1%

0.5%

GBP

Nationwide HPI (MoM)

0.3%

0.2%

-0.3%

EUR

French Consumer Spending (MoM)

0.6%

0.3%

-2.6%

EUR

German Unemployment Rate

6.7%

6.8%

6.8%

EUR

German Unemployment Change

0K

-5K

18K

EUR

CPI (YoY)

2.4%

2.5%

2.6%

USD

ADP Nonfarm Employment Change

133K

148K

113K

CAD

Current Account

-10.3B

-11.0B

-9.7B

USD

Initial Jobless Claims

383K

370K

373K

USD

GDP (QoQ)

1.9%

1.9%

2.2%

USD

Continuing Jobless Claims

3242K

3250K

3278K

USD

Chicago PMI

52.7

56.5

56.2

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Previous

Jun 1

TBD

GBP

Halifax HPI m/m

7:15

CHF

Retail Sales y/y

4.2%

7:30

CHF

SVME PMI

46.9

7:45

EUR

Italian Manufacturing PMI

43.8

8:30

GBP

Manufacturing PMI

50.5

9:00

EUR

Unemployment Rate

10.9%

12:30

USD

Non-Farm Employment Change

115K

12:30

USD

Unemployment Rate

8.1%

12:30

USD

Core PCE Price Index m/m

0.0%

12:30

USD

Personal Spending m/m

0.2%

12:30

USD

ISM Manufacturing PMI

0.3%

14:00

USD

S&P/CS Composite-20 HPI y/y

54.8

Click here a current EUR/CHF Chart.

Originally posted here