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 |
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 |
|
7:15 |
CHF |
4.2% |
|
7:30 |
CHF |
46.9 |
|
7:45 |
EUR |
43.8 |
|
8:30 |
GBP |
50.5 |
|
9:00 |
EUR |
10.9% |
|
12:30 |
USD |
115K |
|
12:30 |
USD |
8.1% |
|
12:30 |
USD |
0.0% |
|
12:30 |
USD |
0.2% |
|
12:30 |
USD |
0.3% |
|
14:00 |
USD |
54.8 |
Click here a current EUR/CHF Chart.
Originally posted here