By FX Empire.com
Economic Events:
07:00 EUR German Retail Sales (MoM)
German Retail Sales measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which accounts for the majority of economic activity.
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. Normally this report is carries little significance, but as most the EU recovery depends on Germany, it is of great importance.
09:00 EUR Italian Monthly Unemployment Rate
The Italian unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.This data tends to have a muted impact since there are several earlier indicators related to the euro zone labor market. With Italy being the focus of the EU, its economic survival and recovery under strict austerity programs is of great importance. Unemployment is expected to continue to rise, but if hopefully, it will remain within forecast or do better. This will also help with Italian bond sales, if there is any sign of recovery.
Tent. EUR German CPI (MoM)
It is important that Germany can show CORE improvements, to be the locomotive to help pull europe out of the abyss. The German 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 Jan. 30, 2012, Forecast
Analysis and Recommendations:
EUR/CHF is trading 1.2064 -0.0002 (-0.02%)
The Swiss Franc is simply along for the ride as the euro moves up and down. With the SNB again affirming that they will support the Franc at 1.20, the pair continue to hug the number.
ECB President Mario Draghi spoke today on behalf of the ECB, but the speech was just made and his notes are not posted on the site as of yet and no reports of the content has been released, but there has been very little market response at this time.
The only news the markets are waiting for will come from Greece and the news the market does not want to hear might come from Portugal.
The pair should sit here quietly
Upcoming Govt Bond Sales Dates
Scheduled Sovereign Bond Sales
Jan 30 10:10 Italy BTP/CCTeu auction
Jan 30 10:10 Norway Nok 4.0bn 5.0% May 2015 bond
Jan 30 11:00 Belgium OLO Auction
Jan 30 12:00 Norway Details bond auction on Feb 06
Jan 31 10:30 Belgium Auctions 3 & 6M T-bills
Jan 31 15:30 UK Details gilt auction on Feb 07
Feb 01 10:10 Sweden Auctions T-bills
Feb 01 10:30 Germany Eur 5.0bn 2.0% Jan 2022 Bund
Feb 01 10:30 Portugal Eur 0.75-1.0bn 3M T-bill
Feb 01 10.30 UK Auctions 5.0% 2025 conventional Gilt
Feb 01 15:30 Sweden Details nominal bond auction on Feb 08
Feb 01 16:00 US
Announces details of 3Y Notes on Feb 07, 10Y Notes on Feb
08 & 30Y Bonds on Feb 09
Feb 02 09:50 France OAT Auction
Feb 02 10.30 UK Auctions 0.125% 2029
Originally posted here
