By FXEmpire.com
Analysis and Recommendations:
Crude Oil remains a bit elevated trading at 85.45. Nymex crude oil prices declined by 0.4 percent earlier today but regained after Fed Chairman Bernanke testified that the Fed was watching the economy closely, but offered no monetary easing. However, Iran’s nuclear talks with the world’s major powers indicated that it will never suspend enrichment of uranium and will not permit any national security for inspection. This factor will lead to supply concerns and support upside in oil prices.
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 June 7, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
AUD |
Employment Change |
38.9K |
-5.0K |
15.5K |
|
|
AUD |
Unemployment Rate |
5.1% |
5.1% |
5.0% |
|
|
CHF |
Unemployment Rate |
3.2% |
3.2% |
3.1% |
|
|
GBP |
Halifax House Price Index (MoM) |
0.5% |
0.5% |
-2.4% |
|
|
CHF |
CPI (MoM) |
0.0% |
0.1% |
0.1% |
|
|
GBP |
Services PMI |
53.3 |
52.7 |
53.3 |
|
|
GBP |
Interest Rate Decision |
0.50% |
0.50% |
0.50% |
|
|
GBP |
BOE QE Total |
325B |
325B |
325B |
|
|
USD |
Initial Jobless Claims |
377K |
377K |
389K |
|
|
USD |
Continuing Jobless Claims |
3293K |
3245K |
3259K |
|
|
Ivey PMI |
60.5 |
55.0 |
52.7 |
WEEKLY
- This Week in Petroleum
Release Schedule: Wednesday @ 1:00 p.m. EST (schedule) - Gasoline and Diesel Fuel Update
Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule) - Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule)
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Previous |
|
|
Jun 8 |
8:30 |
GBP |
-1.5% |
|
|
8:30 |
GBP |
3.5% |
||
|
12:30 |
USD |
-51.8B |
||
|
14:00 |
USD |
Government Bond Auctions
Date Time Country
Jun 08 10:00 Belgium
Jun 08 15:30 Italy
Jun 11 09:10 Norway
Jun 11 09:10 Slovakia
Jun 11 09:30 Germany
Jun 11 15:30 Italy
Jun 12 08:30 Holland
Jun 12 09:15 Austria
Jun 12 09:30 Belgium
Jun 12 09:30 UK
Jun 12 14:30 UK
Jun 12 17:00 US
Jun 13 09:10 Italy
Jun 13 09:30 Germany
Jun 13 09:30 Swiss
Jun 13 17:00 US
Jun 14 09:10 Italy
Jun 14 09:30 UK
Jun 14 15:00 US
Jun 14 17:00 US
Click here for further Crude Oil Forecast.
Originally posted here
