By FXEmpire.com
Analysis and Recommendations:
The EUR/CHF is the same old story, trading at 1.2007 as the bears continue to push to violate the SNB floor at 1.20.
This pair continues locked in their own private war. Today’s news was the ECB holding rates and declining to offer any monetary easing to help the ailing EU, instead they lay the problems at the footsteps of the EU, saying it was time for the EU leaders to act.
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 6, 2012 actual v. forecast
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 06 |
02:30 |
AUD |
GDP (QoQ) |
1.3% |
0.5% |
0.6% |
|
10:00 |
EUR |
GDP (QoQ) |
0.0% |
0.0% |
0.0% |
|
|
11:00 |
EUR |
German Industrial Production |
-2.2% |
-1.0% |
2.2% |
|
|
12:45 |
EUR |
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
|
|
13:30 |
USD |
Nonfarm Productivity (QoQ) |
-0.9% |
-0.7% |
-0.5% |
|
|
13:30 |
USD |
Unit Labor Costs (QoQ) |
1.3% |
2.2% |
2.0% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
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 |
||
|
TBD |
EUR |
French 10-y Bond Auction |
|||
|
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% |
||
|
TBD |
GBP |
10-y Bond Auction |
|||
|
12:30 |
USD |
Trade Balance |
-51.8B |
||
|
14:00 |
USD |
Fed Chairman Bernanke Testifies |
Government Bond Auctions
Date Time Country
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
