By FXEmpire.com
EUR/CHF Fundamental Analysis March 22, 2012, Forecast
Analysis and Recommendations:
EUR/CHF is trading 1.2057 matching the opening today. In mid day trading the pair moved to a high of 1.2065 but have remained range bound and should continue this way. This pair has been sleeping all week and will remain so.
No news here.
Economic Data March 21, 2012 actual v. forecast
|
Mar. 21 |
00:30 |
AUD |
MI Leading Index (MoM) |
0.6% |
0.7% |
|
03:00 |
NZD |
Credit Card Spending (YoY) |
4.0% |
3.1% |
|
|
05:30 |
JPY |
All Industries Activity Index (MoM) |
-1.0% |
-0.5% |
1.6% |
|
08:30 |
THB |
Thai Trade Balance |
0.52B |
-0.10B |
-0.20B |
|
08:30 |
THB |
Thai Interest Rate Decision |
3.00% |
3.00% |
3.00% |
|
10:30 |
GBP |
MPC Meeting Minutes |
|||
|
10:30 |
GBP |
Public Sector Net Borrowing |
12.9B |
5.2B |
-10.2B |
|
11:30 |
EUR |
German 2-Year Schatz Auction |
0.310% |
0.250% |
|
|
12:00 |
USD |
MBA Mortgage Applications |
-7.4% |
-2.4% |
|
|
13:30 |
Leading Indicators (MoM) |
0.6% |
0.6% |
0.4% |
|
|
14:30 |
USD |
Fed Chairman Bernanke Testifies |
|||
|
15:00 |
USD |
Existing Home Sales |
4.59M |
4.61M |
4.63M |
|
15:00 |
MXN |
Mexican Retail Sales (YoY) |
4.4% |
4.0% |
3.5% |
Economic Events scheduled for March 22, 2012 affecting the USA and Europe
09:00 EUR French Manufacturing PMI
09:30 EUR German Manufacturing PMI
10:00 EUR Manufacturing PMI
The European, French, and German Manufacturing Purchasing Managers’ Index (PMI) measure the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
10:30 GBP Retail Sales (MoM)
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
11:00 EUR Industrial New Orders (MoM)
Industrial New Orders measures the change in the total value of new purchase orders placed with manufacturers. It is a leading indicator of production.
13:30 USD Initial Jobless Claims
13:30 USD Continuing Jobless Claims
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.
17:00 EUR ECB President Draghi Speaks
Mario Draghi (born 3 September1947) is an Italian banker and economist who has been governor of the Bank of Italy and succeeded Jean Claude Trichet as President of the European Central Bank starting November 2011. As head of the ECB, which controls short term interest rates, he has more influence over the EUR value than any other person. His comments may determine a short-term positive or negative trend.
Government Bond Auctions (this week)
Mar 22 10:10 Sweden I/L bond auction
Mar 22 10.30 UK Auctions 0.625% 2042 I/L Gilt
Mar 22 15:00 US
Announces auctions of 2Y Notes on Mar 27, 5Y Notes on Mar
28 & 7Y Notes on Mar 29
Originally posted here
