By FXEmpire.com

Analysis and Recommendations:

The EUR/CHF continues to trade in its tight range locked at 1.2010 today. We are bidding a fond farewell to this pair. Until the SNB makes some changes in the floor or there is a major move in the pair, we will be reporting on the EUR/JPY.

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 ourweekly reports.

Economic Data Releases for June 21, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Jun. 21

CNY

Chinese HSBC Manufacturing PMI

48.10

48.40

EUR

French Manufacturing PMI

45.3

44.5

44.7

EUR

German Manufacturing PMI

44.7

45.2

45.2

EUR

Manufacturing PMI

44.8

44.9

45.1

GBP

Retail Sales (MoM)

1.4%

1.2%

-2.4%

GBP

Retail Sales (YoY)

2.4%

2.0%

-1.1%

GBP

CBI Industrial Trends Orders

-11

-20

-17

CAD

Core Retail Sales (MoM)

-0.3%

0.2%

0.3%

CAD

Retail Sales (MoM)

-0.5%

0.3%

0.4%

USD

Initial Jobless Claims

387K

380K

389K

USD

Continuing Jobless Claims

3299K

3275K

3299K

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Forecast

Previous

Jun 22

8:00

EUR

German Ifo Business Climate

106.9

All Day

EUR

ECOFIN Meetings

13:00

EUR

Belgium NBB Business Climate

-11.2

Upcoming Government Bond Auctions

Date Time Country

Jun 22 15:30 Italy

Jun 25 09:10 Norway

Jun 25 09:30 Germany

Jun 25 10:00 Belgium

Jun 25 15:30 Italy

Jun 26 00:30 Japan

Click here to read EUR/CHF Technical Analysis.

Originally posted here