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
USD/CHF Fundamental Analysis February 8, 2012, Forecast

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

USD/CHF Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8956
0.9033
0.9074
0.9151
0.9192
0.9269
0.9310

Fibonacci
0.9033
0.9078
0.9106
0.9151
0.9196
0.9224
0.9269

Camarilla
0.9083
0.9093
0.9104
0.9151
0.9126
0.9137
0.9147

Woodie's
-
0.9024
0.9056
0.9142
0.9174
0.9260
-

DeMark's
-
-
0.9172
0.9141
0.9054
-
-