Fundamental analysis - May 21, 2010

European Session

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14:00 pm --- --- Europe --- French Flash PMI PMI France continues to rise in recent months, the data today is predicted to equal or even better than last month. Better data will benefit from the prediction of the Euro.

14:30 pm --- Europe --- Germany --- Flash PMI Germany as the country with the strongest economy in Europe is expected to increase its PMI figures, continue increasing over recent months. Better data will benefit from the prediction of the Euro.

15:00 pm --- --- Europe --- Flash PMI PMI Europe as a whole is estimated to still be increasing, if released better than predicted, will benefit the Euro.

15:00 pm --- --- Europe --- Germany Ifo Business Climate Survey of 7000 business in Germany continues to show increasing optimism. Survey this month will also provide optimism predicted better.

15:00 pm --- --- Europe --- Current Account Deficit between exports and imports narrowed Europe last month. This month, predicted to shrink back to -2.7 billion euros. If released better than predicted, will benefit the euro.

15:30 pm --- UK Public Sector Net borrowing --- --- After sped up in the two previous months, the difference between revenues and expenditures are expected to shrink back from GBP 23.5 billion to GBP 11.1 billion.

American session

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18:00 pm --- Canada --- --- CPI and Core CPI data released last month was disappointing, but this month there will be a predicted increase in prices of goods and services around 0.2%. If released better than predicted, would be advantageous CAD.

19:30 pm --- --- Canadian Core Retail Sales and Retail Sales --- Canada's strong economy makes increasing public consumption. Today, data is predicted retail sales would still be positive. If released in the above predictions, it will be good for CAD.

Written by surabayaforex.com