USD/CHF Fundamental Analysis February 8, 2012, Forecast
Fundamental Reports
Economic Events: (GMT)
There are no major economic events scheduled in Europe or the USA on Wednesday.
06:45 CHF Unemployment Rate 3.1% 3.1%
USD/CHF Fundamental Analysis February 8, 2012, Forecast
Analysis and Recommendations:
The USD/CHF trading at 0.9136 down from 0.9227
The USD began falling after reports of a final Greek settlement.
According to the Financial Times, Papademos has submitted a “final draft” of the terms of the bailout to party leaders, who are set to decide on the measures later Tuesday.
There has been no other news outside a lackluster Industrial Production Report from Germany.
The USD should rebound as soon as investors have had time to evaluate. The final draft from Greece, still needs to face the EU, ECB and IMF as well as Germany for approval.
Review of Tuesdays Economic Reports
|
00:01 |
GBP |
BRC Retail Sales Monitor (YoY) |
-0.3% |
-0.8% |
2.2% |
|
03:30 |
AUD |
Interest Rate Decision |
4.25% |
4.00% |
4.25% |
|
03:30 |
AUD |
RBA Rate Statement |
|
|
|
|
05:00 |
JPY |
Leading Index |
94.3 |
93.8 |
93.7 |
|
07:45 |
EUR |
French Trade Balance |
-5.0B |
-5.3B |
-4.1B |
|
08:00 |
TWD |
Taiwanese Trade Balance |
0.42B |
2.10B |
2.31B |
|
11:00 |
EUR |
German Industrial Production |
-2.9% |
-0.1% |
0.0% |
|
11:30 |
CLP |
Chilean Trade Balance |
1.98B |
1.15B |
0.39B |
|
13:30 |
CAD |
Building Permits (MoM) |
11.1% |
0.8% |
-2.6% |
|
15:00 |
USD |
IBD/TIPP Economic Optimism |
49.4 |
48.3 |
47.5 |
|
16:30 |
USD |
4-Week Bill Auction |
0.060% |
|
0.050% |
Scheduled Sovereign Bond Sales
Feb 08 10:10 Sweden Nominal bond auction
Feb 08 10:30 Germany Eur 4.0bn Feb 2017 Bobl
Feb 08 10:30 Swiss Bond auction
Feb 08 16:30 Italy Details BOT auction on Feb 13
Feb 08 18:00 US Auctions 10Y Notes
Feb 09 10:10 Sweden Sek 0.75bn I/L bond auction
Feb 09 15:30 Sweden Details I/L bond auction on Mar 23
Feb 09 16:00 US Announces auctions of 30Y TIPS on Feb 16
Feb 09 16:30 Italy Details BTP/CCTeu auction on Feb 14
Feb 09 18:00 Italy Auctions 30Y Bonds
Feb 10 11:00 Belgium OLO auction
Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com
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