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 |
-1.3B |
|
8:30 |
GBP |
0-0-9 |
||
TBD |
EUR |
-1.2% |
||
10:00 |
GBP |
-8 |
||
TBD |
GBP |
|||
14:00 |
USD |
328K |
||
14:30 |
USD |
|||
May 24 |
6:00 |
CHF |
1.69B |
|
7:00 |
EUR |
46.9 |
||
7:00 |
EUR |
45.2 |
||
7:30 |
EUR |
46.2 |
||
7:30 |
EUR |
52.2 |
||
8:00 |
EUR |
109.9 |
||
8:00 |
EUR |
45.9 |
||
8:00 |
EUR |
46.9 |
||
8:30 |
GBP |
1.8% |
||
8:30 |
GBP |
-0.2% |
||
8:30 |
GBP |
31.9K |
||
8:30 |
GBP |
-3.3% |
||
12:30 |
USD |
|||
12:30 |
USD |
-4.0% |
||
13:00 |
EUR |
-10.7 |
||
May 25 |
6:00 |
EUR |
5.6 |
|
7:15 |
CHF |
4.04M |
||
TBD |
ALL |
|||
13:55 |
USD |
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