By FXEmpire.com
Analysis and Recommendations:
The EUR/CHF strengthened today in an unexpected move, as the pair is now trading at 1.2038. Late in trading the pair soared to hit a high of 1.2068 and then declined to trade at 1.2038
With worries growing in the eurozone, and negative eco data from Germany and disappointing PMI throughout Europe, it was a surprise that the euro was able to gather strength to push against the Franc.
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 24, 2012 actual v. forecast
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
May 24 |
03:30 |
CNY |
Chinese HSBC Mfg PMI |
48.70 |
49.30 |
|
|
07:00 |
EUR |
German GDP (QoQ) |
0.5% |
0.5% |
0.5% |
|
|
07:00 |
EUR |
German GDP (YoY) |
1.7% |
1.7% |
1.7% |
|
|
07:58 |
EUR |
French Manufacturing PMI |
44.4 |
47.0 |
46.9 |
|
|
08:28 |
EUR |
German Manufacturing PMI |
45.0 |
47.0 |
46.2 |
|
|
09:00 |
EUR |
German Ifo Business Climate |
106.9 |
109.4 |
109.9 |
|
|
09:00 |
EUR |
Manufacturing PMI |
45.0 |
46.1 |
45.9 |
|
|
09:00 |
EUR |
German Current Assessment |
113.3 |
117.4 |
117.5 |
|
|
09:00 |
EUR |
German Business Expectations |
100.9 |
102.0 |
102.7 |
|
|
09:30 |
GBP |
BBA Mortgage Approvals |
32.4K |
32.3K |
31.9K |
|
|
09:30 |
GBP |
Business Investment (QoQ) |
3.6% |
3.2% |
-3.3% |
|
|
09:30 |
GBP |
GDP (QoQ) |
-0.3% |
-0.2% |
-0.2% |
|
|
09:30 |
GBP |
GDP (YoY) |
-0.1% |
0.0% |
0.0% |
|
|
13:30 |
USD |
Core Durable Goods Orders |
-0.6% |
0.9% |
-0.8% |
|
|
13:30 |
USD |
Durable Goods Orders (MoM) |
0.2% |
0.5% |
-3.7% |
|
|
13:30 |
USD |
Initial Jobless Claims |
370K |
370K |
372K |
|
|
13:30 |
USD |
Continuing Jobless Claims |
3260K |
3250K |
3289K |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
May 25 |
6:00 |
EUR |
5.6 |
|
|
7:15 |
CHF |
4.04M |
||
|
TBD |
ALL |
|||
|
13:55 |
USD |
Click here for updated EUR/CHF News.
Originally posted here
