By FXEmpire.com
Analysis and Recommendations:
The EUR/CHF declined a small bit. The pair dipped as low as 1.2007 and it trading at 1.2008 pushing closer and closer to the SNB floor.
Eco data for Switzerland was very negative today, with Retail Sales and SVME PMI both reporting well below forecast, but this did not seem to weaken the Franc, as the price has been artificially supported by the SNB.
The euro remains weak, although it was able to add a few pips against the USD but is still trading below 1.24.
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 for June 1, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 01 |
KRW |
South Korean CPI (YoY) |
2.5% |
2.5% |
2.5% |
|
JPY |
Capital Spending |
3.30% |
1.30% |
7.60% |
|
|
CNY |
Chinese Manufacturing PMI |
50.40 |
52.20 |
53.30 |
|
|
CNY |
Chinese HSBC Man PMI |
48.40 |
48.70 |
||
|
CHF |
Retail Sales (YoY) |
0.1% |
2.0% |
4.7% |
|
|
CHF |
SVME PMI |
45.4 |
46.4 |
46.9 |
|
|
EUR |
French Manufacturing PMI |
44.7 |
44.4 |
44.4 |
|
|
EUR |
German Manufacturing PMI |
45.2 |
45.0 |
45.0 |
|
|
EUR |
Manufacturing PMI |
45.1 |
45.0 |
45.0 |
|
|
GBP |
Manufacturing PMI |
45.9 |
49.7 |
50.2 |
|
|
EUR |
Unemployment Rate |
11.0% |
11.0% |
11.0% |
|
|
USD |
Average Hourly Earnings |
0.1% |
0.2% |
0.1% |
|
|
USD |
Core PCE Price Index (MoM) |
0.1% |
0.2% |
0.2% |
|
|
GDP (MoM) |
0.1% |
0.3% |
-0.2% |
||
|
USD |
Nonfarm Payrolls |
69K |
150K |
77K |
|
|
USD |
Personal Spending (MoM) |
0.3% |
0.3% |
0.2% |
|
|
USD |
Unemployment Rate |
8.2% |
8.1% |
8.1% |
|
|
USD |
Average Weekly Hours |
34.4 |
34.5 |
34.5 |
|
|
USD |
Private Nonfarm Payrolls |
82K |
160K |
87K |
|
|
USD |
ISM Manufacturing Index |
53.5 |
53.9 |
54.8 |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Forecast |
Previous |
|
Jun 5 |
9:00 |
EUR |
Retail Sales m/m |
0.3% |
|
10:00 |
EUR |
German Factory Orders m/m |
2.2% |
|
|
14:00 |
USD |
ISM Non-Manufacturing PMI |
53.5 |
|
|
Jun 6 |
6th-8th |
GBP |
Halifax HPI m/m |
|
|
8:30 |
GBP |
Construction PMI |
55.8 |
|
|
10:00 |
EUR |
German Industrial Production m/m |
2.8% |
|
|
12:30 |
EUR |
ECB Press Conference |
||
|
12:30 |
USD |
Revised Nonfarm Productivity q/q |
-0.5% |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
18:00 |
USD |
Beige Book |
||
|
23:01 |
GBP |
BRC Retail Sales Monitor y/y |
-3.3% |
|
|
Jun 7 |
7:00 |
CHF |
Foreign Currency Reserves |
235.6B |
|
7:15 |
CHF |
CPI m/m |
0.1% |
|
|
8:30 |
GBP |
Services PMI |
53.3 |
|
|
11:00 |
GBP |
Asset Purchase Facility |
325B |
|
|
11:00 |
GBP |
Official Bank Rate |
0.50% |
0.50% |
|
TBD |
GBP |
MPC Rate Statement |
||
|
12:30 |
USD |
Unemployment Claims |
383K |
|
|
14:00 |
USD |
Fed Chairman Bernanke Testifies |
||
|
Jun 8 |
8:30 |
GBP |
PPI Input m/m |
-1.5% |
|
8:30 |
GBP |
Consumer Inflation Expectations |
3.5% |
|
|
12:30 |
USD |
Trade Balance |
-51.8B |
|
|
14:00 |
USD |
Fed Chairman Bernanke Testifies |
Government Bond Auctions
Date Time Country
May 31 14:30 Sweden
Jun 04 10:00 Norway
Jun 05 00:30 Japan
Jun 05 09:30 Belgium
Jun 05 14:30 Sweden
Jun 06 09:30 Germany
Jun 06 09:30 Portugal
Jun 06 14:30 UK
Jun 07 00:30 Japan
Jun 07 08:30 Spain
Jun 07 08:50 France
Jun 07 09:10 Sweden
Jun 07 15:00 US
Jun 08 10:00 Belgium
Jun 08 15:30 Italy
Click here a current EUR/CHF Chart.
Originally posted here
