Calendario Economico 14/06/2011

Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   02:00    CN:Retail Sales Y/Y % Change 16.95       M/M % Change 0   02:00    CN:Industrial Production Yr/Yr % change 13.2%       M/M % Change 0   02:00    CN:Producer Price Index Y/Y % Change 6.45       M/M % Change 0   02:00    CN:Consumer Price Index Y/Y % Change 5.5%       M/M % Change 0%   03:45    JP:Bank of Japan Announcement Change 0bp       Level 0%   07:20    CN:Peoples Bank of China change 0bp       Level 0%   08:30    GB:CPI Month over Month 0.2%       Year over Year 4.5%   11:30    US:NFIB Small Business Optimism Index level 0   11:45    US:ICSC-Goldman Store Sales Store Sales - W/W change 0%       Store Sales - Y/Y 0%   12:30    US:Producer Price Index PPI - M/M change 0.1%       PPI less food & energy - M/M change 0.2%   12:30    US:Retail Sales Retail Sales - M/M change -0.3%       Retail Sales less autos - M/M change 0.3%   12:55    US:Redbook Store Sales Y/Y change 0%   14:00    US:Business Inventories Inventories - M/M change 0.9%   22:45    NZ:Retail Trade Q/Q percent change 0.5%   Full week Economic Calendar

China Still Focused on Inflation

News and Events: FX Markets are witnessed a slight risk rally during the Asian session as bargain hunters returned in trading after Greece was downgraded by S&P and Chinese economic data came out more benign that anticipated.  Prior to the Chinese economic release, there were rumors of a 6% CPI printing making the rounds. So when CPI came in at 5.5% (vs. 5.5 Bloomberg expected, 5.3% prior read with Food prices the main driver of inflation again) and Industrial Production slightly higher at 13.3% (vs. 13.1% exp) risk appetite breathed a sigh of relief. For today, a smorgasbord of US economic indicators are expected to further illustrate that the recovery in the US is struggling. Read Today's Key Issues and The Risk Today

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4696 1.6600 81.78 0.8595 1.4653 1.6574 81.33 0.8553 1.4550 1.6498 81.01 0.8415 1.4452 1.6389 80.24 0.8400 1.4309 1.6356 79.57 0.8349 1.4258 1.6251 79.00 0.8300 1.4142 1.6216 76.40 0.8200 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot