By FXEmpire.com

Analysis and Recommendations:

The EUR/CHF remains deadlocked at 1.2010. As markets continue in risk aversion mode, the euro continues to decline against most of its partners, but the SNB floor at 1.20 keeps the pair locked in the same small trading range since early April.

There is little data from Switzerland to help support the Swissie. As markets evaluate the risk from Greece and the possible contagion and factor in negative comments from the OECD and the IMF, investors continue to shy away from anything thing connected to Europe.

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 May 22, 2012 actual v. forecast

Date

Time

Currency

Event

Actual

Forecast

Previous

May 22

04:00

NZD

Inflation Expectations (QoQ)

2.4%

2.5%

09:00

NOK

Norwegian GDP (QoQ)

1.4%

0.8%

0.6%

09:30

GBP

Core CPI (YoY)

2.1%

2.2%

2.5%

09:30

GBP

CPI (YoY)

3.0%

3.1%

3.5%

09:30

GBP

CPI (MoM)

0.6%

0.6%

0.3%

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

May 23

8:00

EUR

Current Account

-1.3B

8:30

GBP

MPC Meeting Minutes

0-0-9

TBD

EUR

Industrial New Orders m/m

-1.2%

10:00

GBP

CBI Industrial Order Expectations

-8

TBD

GBP

Inflation Report Hearings

14:00

USD

New Home Sales

328K

14:30

USD

Crude Oil Inventories

May 24

6:00

CHF

Trade Balance

1.69B

7:00

EUR

French Flash Manufacturing PMI

46.9

7:00

EUR

French Flash Services PMI

45.2

7:30

EUR

German Flash Manufacturing PMI

46.2

7:30

EUR

German Flash Services PMI

52.2

8:00

EUR

German Ifo Business Climate

109.9

8:00

EUR

Flash Manufacturing PMI

45.9

8:00

EUR

Flash Services PMI

46.9

8:30

GBP

Retail Sales m/m

1.8%

8:30

GBP

Revised GDP q/q

-0.2%

8:30

GBP

BBA Mortgage Approvals

31.9K

8:30

GBP

Prelim Business Investment q/q

-3.3%

12:30

USD

Unemployment Claims

12:30

USD

Durable Goods Orders m/m

-4.0%

13:00

EUR

Belgium NBB Business Climate

-10.7

May 25

6:00

EUR

GfK German Consumer Climate

5.6

7:15

CHF

Employment Level

4.04M

TBD

ALL

G8 Meetings

13:55

USD

Revised UoM Consumer Sentiment

Government Bond Auctions (this week)

Date Time Country

May 23 09:10 Sweden

May 23 09:30 Germany

May 23 14:30 Sweden

May 23 17:00 US

May 24 15:30 Italy

May 24 17:00 US

May 25 15:30 Italy

Click here to read EUR/CHF Technical Analysis.

Originally posted here