By FXEmpire.com
EUR/CHF Fundamental Analysis March 21, 2012, Forecast
Analysis and Recommendations:
EUR/CHF is trading at 1.2058 and has maintained a fairly tight range for most of the day bouncing between 1.2064 and 1.2055.
There was little in the way of economic news, in Switzerland, the Industrial Production report came in well over forecast but did not give any strength to the Franc.
In Europe, German PPI came in slightly under forecast. The support came mostly from positive results in several bond auctions today, with Spain and Italy as well as the EFSF having successful sales.
Economic Releases March 20, 2012 Asia, Europe and the US
|
Mar. 20 |
00:00 |
AUD |
CB Leading Index (MoM) |
1.1% |
-0.3% |
|
08:00 |
EUR |
German PPI (MoM) |
0.4% |
0.5% |
0.6% |
|
09:15 |
CHF |
Industrial Production (QoQ) |
7.9% |
0.4% |
-2.0% |
|
10:30 |
GBP |
Core CPI (YoY) |
2.4% |
2.4% |
2.6% |
|
10:30 |
GBP |
CPI (YoY) |
3.4% |
3.4% |
3.6% |
|
10:30 |
GBP |
RPI (YoY) |
3.7% |
3.4% |
3.9% |
|
12:00 |
GBP |
CBI Industrial Trends Orders |
-8 |
-5 |
-3 |
|
12:30 |
EUR |
Spanish Trade Balance |
-3.65B |
-4.50B |
-4.50B |
|
13:30 |
USD |
Building Permits |
0.72M |
0.69M |
0.68M |
|
13:30 |
USD |
Housing Starts |
0.70M |
0.70M |
0.71M |
|
14:00 |
RUB |
Russian Retail Sales (YoY) |
7.7% |
7.3% |
6.8% |
|
14:00 |
RUB |
Russian Unemployment Rate |
6.5% |
6.7% |
6.6% |
|
16:30 |
USD |
4-Week Bill Auction |
0.100% |
0.070% |
10:30 GBP MPC Meeting Minutes
The Monetary Policy Meeting Minutes are a detailed record of the Bank of England’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members’ interest rate votes tends to be the most important part of the minutes.
13:30 CAD Leading Indicators (MoM)
The Leading Indicators Index is a composite index based on 10 economic indicators, that is designed to predict the future direction of the economy. The report tends to have a limited impact because most of the indicators used in the calculation are released previously.
15:00 USD Existing Home Sales
Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
Government Bond Auctions (this week)
Mar 22 10:10 Sweden I/L bond auction
Mar 22 10.30 UK Auctions 0.625% 2042 I/L Gilt
Mar 22 15:00 US
Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar
28 & 7Y Notes on Mar 29
I/L bond auction
Mar 22 10.30 UK Auctions 0.625% 2042 I/L Gilt
Mar 22 15:00 US
Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar
28 & 7Y Notes on Mar 29
Originally posted here
