By FX Empire.com
Economic Events: (GMT)
Monday is a very quiet day for economic news. Watch for a special EU meeting to handle the Greek Bailout
06:45 EUR French CPI (MoM)
The French Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
EUR/CHF Fundamental Analysis February 13, 2012, Forecast
Analysis and Recommendations:
EUR/CHF is trading 1.2099 after a high/opening of 1.2114. The euro was pushed up yesterday on news from Greece and down again last evening and today, as the EU sent the Greek Finance Minister packing. He arrived with a completed deal and went back the same way. The EU is not looking for political promises but for political action. They are demanding their terms are met 100% which Greece has not been able to do and that they also have to pass legislative action to assure the promises have actions.
Meanwhile, Chancellor Merkel, stated that a Greek default would not be a horrible thing. A complete turn around from 6 months ago.
There were some minor economic reports in the EU but nothing in Switerland. The pair were simply moving according to the flow of the euro.
Economic Data Thursday Feb 9, 2012 ( actual v forecast )
|
AUD |
NAB Quarterly Business Confidence |
1.00 |
-3.00 |
|
|
KRW |
South Korean Interest Rate Decision |
3.25% |
3.25% |
3.25% |
|
CNY |
Chinese CPI (YoY) |
4.5% |
4.0% |
4.1% |
|
CNY |
Chinese PPI (YoY) |
0.7% |
0.8% |
1.7% |
|
GBP |
Industrial Production (MoM) |
0.5% |
0.2% |
-0.5% |
|
GBP |
Manufacturing Production (MoM) |
1.0% |
0.3% |
-0.1% |
|
GBP |
Trade Balance |
-7.1B |
-8.4B |
-8.9B |
|
GBP |
Interest Rate Decision |
0.50% |
0.50% |
0.50% |
|
EUR |
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
|
USD |
Initial Jobless Claims |
358K |
370K |
373K |
|
EUR |
ECB Press Conference |
|||
|
USD |
Continuing Jobless Claims |
3515K |
3525K |
3451K |
|
MXN |
Mexican CPI (YoY) |
4.0% |
4.0% |
3.8% |
|
GBP |
NIESR GDP Estimate |
-0.2% |
-0.2% |
Sovereign Bond Auction Schedule Feb 13-17
Feb 13 10:10 Italy BOT auction
Feb 13 10:10 Norway T-bill auction
Feb 13 10:30 Germany Eur 4.0bn Aug 2012 Bubill
Feb 13 12:00 Norway Details bond auction on Feb 20
Feb 14 09:30 Netherlands Eur 3.0bn-4.0bn Jan 2017 DSL
Feb 14 09:30 Spain 12 & 18M T-bill auction
Feb 14 10:10 Greece 3M T-bill auction
Feb 14 10:10 Italy BTP/CCTeu auction
Feb 14 10:30 Belgium Auctions 3 & 12M T-bills
Feb 15 10:10 Sweden Auctions T-bills
Feb 15 10:30 Portugal Eur 1.5-1.75bn May & Aug T-bills
Feb 16 09:30 Spain Obligacion auction
Feb 16 10.30 UK Auctions 4.5% 2034 conventional Gilt
Feb 16 10:50 France BTA/OATi auction
Feb 16 16:00 US
Announces auctions of 2Y Notes on Feb 21, 5Y Notes on Feb
22 & 7Y Notes on Feb 23
Feb 16 18:00 US Auctions 30Y TIPS
Originally posted here
