Economic Events (GMT)
There are no economic events scheduled in Switzerland
09:00 EUR German Ifo Business Climate Index 107.5 107.2
09:00 EUR German Current Assessment 116.8 116.7
09:00 EUR German Business Expectations 99.0 98.4
The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.
The German Current Assessment rates current business conditions in Germany, without considering future expectations. It is a sub-index of the German Ifo Business Climate Index.
German Business Expectations rates the expectations of businesses in Germany for the following six months. It is is a sub-index of the German Ifo Business Climate Index.
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.
13:15 EUR ECB President Draghi Speaks **** the event of the day****this can move markets
European Central Bank (ECB) President Mario Draghi (November 2011 – November 2019) is to speak. As head of the ECB, which sets short term interest rates, he has a major influence over the value of the euro. Traders watch his speeches closely as they are often used to drop subtle hints regarding future monetary policy and interest rate shifts.
EUR/CHF Fundamental Analysis Jan. 25, 2012, Forecast
Analysis and Recommendations:
EUR/CHF is trading at 1.2084.
With the euro loosing steam today against most of its trading partners and as the day ends many investors are moving out of the euro market to the safety of the USD or elsewhere. The euro has stayed pretty much at the 1.30 level against the USD dropping to 1.2963 before picking back up. The EUR/USD are about equal for the day, on the otherhand, the Swissie has been able to maintain a bit of strenght and pushed up and is trading at the high.
As Swiss National Bank policymaker Jean-Pierre Danthine was spoke, the Swissie perked up a bit. He once again assured the government that Switzerland was recovering nicely and that the SNB would support the Swissie at the 1.20 level, but he did not think it would be necessary.
European Central Bank (ECB) President Mario Draghi is scheduled to speak and this might generate some currency movement as it has recently. The day will be all about news and press concerning the debt crisis.
Upcoming Govt Bond Sales Dates
Jan 25 10:10 Sweden Nominal bond auction
Jan 25 10:30 Germany Eur 3.0bn 3.25% Jul 2042 Bund
Jan 25 16:30 Italy Details BTP/CCTeu on Jan 30
Jan 25 18:00 US Auctions 5Y Notes
Jan 26 10:10 Italy Auctions CTZ/BTPei
Jan 26 18:00 US Auctions 7Y Notes
Jan 27 10:10 Italy BOT auction
Originally posted here
