By FXEmpire.com

Analysis and Recommendations:

The EUR/CHF traded at 1.2011 remaining in the same tight channel where they have been since early April. Today the markets were relatively quiet with virtually no eco data, in Switzerland, the consumer climate survey was reported at -8 beating the forecast of -15, either way the climate is negative just not as negative.

The euro was very quiet in today’s session and most currencies held pretty close to Friday’s close.

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 May 21, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

May 21

00:01

GBP

Rightmove House Price Index (MoM)

0.0%

2.9%

06:45

CHF

SECO Consumer Climate

-8

-15

-19

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

May 22

8:30

GBP

CPI y/y

3.5%

8:30

GBP

Public Sector Net Borrowing

15.9B

8:30

GBP

RPI y/y

3.6%

TBD

GBP

BOE Inflation Letter

14:00

USD

Existing Home Sales

4.48M

May 23

8:00

EUR

Current Account

-1.3B

8:30

GBP

MPC Meeting Minutes

0-0-9

TBD

EUR

Industrial New Orders m/m

-1.2%

10:00

GBP

CBI Industrial Order Expectations

-8

TBD

GBP

Inflation Report Hearings

14:00

USD

New Home Sales

328K

14:30

USD

Crude Oil Inventories

Government Bond Auctions (this week)

Date Time Country

May 22 08:30 Holland

May 22 08:30 Spain

May 22 17:00 US

May 23 09:10 Sweden

May 23 09:30 Germany

May 23 14:30 Sweden

May 23 17:00 US

May 24 15:30 Italy

May 24 17:00 US

May 25 15:30 Italy

Click here for further EUR/CHF Forecast.

Originally posted here