By FXEmpire.com

Analysis and Recommendations:

The EUR/USD is trading at 1.3217 as the euro continues to place pressure on the greenback.

As markets wait for the FOMC statement today and worry about the political situation in France keep investors guessing.

More disappointing numbers were released in the US today, questioning the strength of the US recovery.

Durable Goods orders for U.S. goods sank 4.2% in March, largely because of fewer booking for commercial aircraft, the Commerce Department reported Wednesday. Economists had expected orders to fall by 2.9%. Investors are worried that we are seeing another spring stall of the economy, which is the same that has happened for 3 years now.

In Europe there was little in the way of economic news, but there was lots of press today.

The European Central Bank is confident the wider economy will eventually benefit from its cheap three-year loans to euro-zone banks. Banks tapped the ECB for over EUR1 trillion in two refinancing operations in December and February.

A top European Central Bank official criticized the International Monetary Fund for using dire language to talk about the euro debt crisis in a report on financial stability and the world economy.

It’s too early to consider an exit from the European Central Bank’s accommodative monetary policy measures amid an unsettled economic backdrop, ECB President Mario Draghi told a European Parliament committee.

Economic Data April 25, 2012 actual v. forecast

PLN

Polish Unemployment Rate

13.30%

13.40%

13.50%

GBP

GDP (QoQ)

-0.2%

0.1%

-0.3%

GBP

GDP (YoY)

0.0%

0.3%

0.5%

GBP

CBI Industrial Trends Orders

-8

-6

-8

USD

Core Durable Goods Orders (MoM)

-1.1%

0.5%

1.9%

USD

Durable Goods Orders (MoM)

-4.2%

-1.7%

1.9%

USD

Interest Rate Decision

0.25%

0.25%

0.25%

Economic Events scheduled for April 26, 2012 that affect the European and American Markets

TBD EUR Consumer Price Index (YoY) (Apr)
The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends.

TBD EUR Consumer Price Index (MoM) (Apr)

The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends

06:00 EUR Retail Sales (MoM) (Mar)

The Retail Sales released by the Statistiches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending

06:00 EUR Retail Sales (YoY) (Mar)

The Retail Sales released by the Statistiches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending.

08:30 GBP BBA Mortgage Approvals (Mar)

The Mortgage Approvals published by the British Bankers’ Association (BBA)measure the number of home loans issued by the BBA during the previous quarter. It is considered as a leading indicator of the UK Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall UK economy

09:00 EUR Consumer Confidence (Apr)

The Consumer Confidence released by the European Commission is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn.

09:00 EUR Economic Confidence (Apr)

The Euro Zone Economic Confidence released by the European Commission is a survey of consumers confidence in economic activity. It indicates the trend of the overall Euro Zone economy.

09:00 EUR Industrial Confidence (Apr)

The Industrial Confidence released by the European Commission is an index that measures the level of industrial executives confidence in economic activity. The survey asks about orders and buildup of inventories. A high level of industrial confidence stimulates economic expansion while a low level drives to economic downturn.

23:01 GBP Gfk Consumer Confidence (Apr)

The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn

Government Bond Auctions (this week)

Apr 26 00:30 Japan Auctions 2Y JGBs

Apr 26 09:10 Italy BOT auction

Apr 26 14:30 Sweden Details I/L bond auction on May 03

Apr 26 17:00 US Auctions 7Y Notes

Apr 27 09:10 Italy BTP/CCTeu auction

Click here a current EUR/USD Chart.

Originally posted here