By FXEmpire.com

Analysis and Recommendations:

The EUR/CHF is sleeping, they are at exactly the same point they were yesterday, trading at 1.2014, with little action. Monday we should see some move with the Swiss unemployment and CPI due along with German factory orders.

Economic events for May 4, 2012 actual v. forecast

GBP

Halifax House Price Index (MoM)

-2.4%

-0.5%

2.2%

CHF

Retail Sales (YoY)

4.2%

1.2%

0.8%

NOK

Norwegian Unemployment Rate

3.20%

3.20%

3.20%

EUR

Retail Sales (MoM)

0.3%

0.3%

-0.2%

USD

Average Hourly Earnings (MoM)

0.0%

0.2%

0.2%

USD

Nonfarm Payrolls

115K

170K

154K

USD

Unemployment Rate

8.1%

8.2%

8.2%

USD

Average Weekly Hours

34.5

34.5

34.5

USD

Private Nonfarm Payrolls

130K

175K

166K

CAD

Ivey PMI

52.7

61.0

63.5

Economic Events for May 7, 2012 for the European and US Markets

05:45 CHF Unemployment Rate 3.1% 3.1%

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

07:15 CHF CPI 0.2% 0.6%

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

10:00 EUR German Factory Orders 0.5% 0.3%

German Factory Orders measures the change in the total value of new purchase orders placed with manufacturers for both durable and non-durable goods. It is a leading indicator of production.

12:30 CAD Building Permits 7.5%

Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

Government Bond Auctions (this week)

Date Time Country

May 08 09:15 Austria

May 08 09:30 Belgium

May 08 14:30 UK

May 08 15:30 Italy

May 08 17:00 US

May 09 09:10 Sweden

May 09 09:30 Germany

May 09 09:30 Swiss

May 09 09:30 UK

May 09 14:30 Sweden

May 09 15:30 Italy

May 09 17:00 US

May 10 15:00 US

May 10 17:00 US

May 11 09:10 Italy BOT auction

May 11 10:00 Belgium

Originally posted here