EUR/CHF Fundamental Analysis May 24, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

The EUR/CHF remains oblivious to the economic and political turmoil, ending the day at 1.2010 in the same tiny range it has held for close to 6 weeks.

With hope fading for significant action at today’s EU summit, risk aversion is rising amid fears that Europe and markets are unprepared for the downside risks posed by the crisis. Global growth forecasts continue be shift lower, while this pair seems to sleep.

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 May 23, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
May 23	JPY	Trade Balance	-0.48T	-0.60T	-0.62T
JPY	Interest Rate Decision	0.10%	0.10%	0.10%
GBP	Retail Sales (MoM)	-2.3%	-0.8%	2.0%
GBP	Retail Sales (YoY)	-1.1%	1.0%	3.1%
EUR	Industrial New Orders (MoM)	1.8%	-0.1%	-1.2%
GBP	CBI Industrial Trends Orders	-17	-10	-8
CAD	Core Retail Sales (MoM)	0.1%	1.0%	0.4%
CAD	Leading Indicators (MoM)	0.3%	0.3%	0.3%
CAD	Retail Sales (MoM)	0.4%	0.4%	-0.2%
USD	New Home Sales	343K	335K	332K

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

May 24	6:00	CHF	Trade Balance	1.69B
	7:00	EUR	French Flash Manufacturing PMI	46.9
	7:00	EUR	French Flash Services PMI	45.2
	7:30	EUR	German Flash Manufacturing PMI	46.2
	7:30	EUR	German Flash Services PMI	52.2
	8:00	EUR	German Ifo Business Climate	109.9
	8:00	EUR	Flash Manufacturing PMI	45.9
	8:00	EUR	Flash Services PMI	46.9
	8:30	GBP	Retail Sales m/m	1.8%
	8:30	GBP	Revised GDP q/q	-0.2%
	8:30	GBP	BBA Mortgage Approvals	31.9K
	8:30	GBP	Prelim Business Investment q/q	-3.3%
	12:30	USD	Unemployment Claims
	12:30	USD	Durable Goods Orders m/m	-4.0%
	13:00	EUR	Belgium NBB Business Climate	-10.7
May 25	6:00	EUR	GfK German Consumer Climate	5.6
	7:15	CHF	Employment Level	4.04M
	TBD	ALL	G8 Meetings
	13:55	USD	Revised UoM Consumer Sentiment

Government Bond Auctions (this week)

Date Time Country

May 24 15:30 Italy

May 24 17:00 US

May 25 15:30 Italy

Click here for updated EUR/CHF News.

Originally posted here