EUR/CHF Fundamental Analysis March 26, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

EUR/CHF is trading at 1.2050 remaining in a very tight range. Shifting between 1.2048 and 1.2058. The euro bounced up and down a bit on minor reports and statements. Italian retail sales came in above forecast as did the French Business Survey.

Overall it was a lackluster day, with little information to go on.

With 449 votes in favor, the Italian government won Thursday a confidence vote in the country’s lower house, which gave its final approval to the liberalization bill-a package of reforms aimed at boosting growth and competition.

Italian government bond yields jump temporarily as Prime Minister Mario Monti looks to press ahead with controversial labor-market reforms.

Business confidence jumps in France — Statistics bureau, government raise growth forecasts — Unclear who will benefit in election race PARIS — France’s economy is showing signs of recovering from the turbulence of the euro-zone debt crisis, with business confidence

Europe’s finance sector is in a structural crisis as institutes that took state aid face huge uncertainty which is affecting the rest of the sector, says Deutsche Bank AG’s (DB) new board member Stephan Leithner

Economic Reports March 23, 2012 actual v. forecast

Mar. 23	GBP	Nationwide Consumer Confidence	44	49	47
EUR	French Business Survey	96	93	93
EUR	Spanish PPI (YoY)	3.4%	3.6%	3.7%
TWD	Taiwanese Industrial Production (YoY)	8.4%	10.1%	-16.8%
EUR	Italian Retail Sales (MoM)	0.7%	0.2%	-0.8%
GBP	BBA Mortgage Approvals	33.1K	39.1K	38.0K
CAD	Core CPI (MoM)	0.4%	0.3%	0.2%
CAD	CPI (MoM)	0.4%	0.5%	0.4%
BRL	Brazilian Retail Sales (YoY)	7.3%	6.8%	6.7%

Economic Events Scheduled for March 26, 2012

07:00 EUR GfK German Consumer Climate

The Gfk German Consumer Climate Index measures the level of consumer confidence in economic activity. The data is compiled from a survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions.

09:00 EUR German Ifo Business Climate Index

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.

15:00 USD Pending Home Sales (MoM)

The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.

Government Bond Auctions (this week)

Mar 26 09:10 Norway Nok 3.0bn NST 474 3.75% May 2021 Bond

Mar 26 10:30 Germany Eur 3.0bn new Mar 2013 Bubill

Mar 26 15:30 Italy Details BTP/CCTeu auction on Mar 29

Mar 27 09:10 Italy CTZ/BTPei auction

Mar 27 08:30 Spain 3 & 6M T-bill auction

Mar 27 17:00 US Auctions 2Y Notes

Mar 28 09:10 Italy BOT auction

Mar 28 17:00 US Auctions 3Y Notes

Mar 29 09:10 Italy BTP/CCTeu auction

Mar 29 17:00 US Auctions 7Y Notes

Originally posted here