EUR/GBP Fundamental Analysis August 22, 2012, Forecast
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Analysis and Recommendations:
The EUR/GBP added 0.0041 to trade at 0.7899. Today’s session was very pro euro, as sentiment became more positive the European leaders were moving to get a handle on the debt crisis, although nothing has happened and there have been announcements. It is simply rumors and speculation, although Angela Merkel seems to have softened her stance.
Spain continues to be a thorn in the side as they have not asked for an official bailout, but the bond market saw a successful auction today.
Greece is just about broke and asking for a quick response from the EFSF, although they want to renegotiate terms of the bailout but want funding released in the meantime, not likely to happen, but I am sure it will, it seems with Greece the more absurd it can get the more likely it is to happen.
Remember the movie My Big Fat Greek Wedding….
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Economic Data August 22, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
|
Aug. 21 |
|
AUD |
|
|
Monetary Policy Meeting Minutes |
|
|
|
|
|
|
||
|
|
|
NZD |
|
|
Inflation Expectations (QoQ) |
2.3% |
|
|
|
2.4% |
|
||
|
|
|
HKD |
|
|
Hong Kong CPI (YoY) |
1.60% |
|
3.40% |
|
3.70% |
|
||
|
|
|
GBP |
|
|
CBI Industrial Trends Orders |
-21 |
|
-8 |
|
-6 |
|
||
|
|
|
CAD |
|
|
Wholesale Sales (MoM) |
-0.1% |
|
0.4% |
|
0.9% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Aug 22 |
7:00am |
CHF |
2.10B |
||
|
8:00am |
EUR |
43.8 |
2.25B |
||
|
8:00am |
EUR |
50.1 |
43.4 |
||
|
Aug 23 |
8:30am |
EUR |
43.6 |
50.0 |
|
|
8:30am |
EUR |
50.2 |
43.0 |
||
|
9:00am |
EUR |
44.3 |
50.3 |
||
|
9:00am |
EUR |
47.9 |
44.0 |
||
|
9:30am |
GBP |
28.2K |
47.9 |
||
|
11:00am |
GBP |
16 |
26.3K |
||
|
1:30pm |
USD |
365K |
11 |
||
|
2:00pm |
USD |
51.3 |
366K |
||
|
3:00pm |
USD |
362K |
51.4 |
||
|
9:30am |
GBP |
-0.5% |
350K |
||
|
9:30am |
GBP |
2.8% |
-0.7% |
||
|
1:30pm |
USD |
0.5% |
1.9% |
||
|
Aug 24 |
1:30pm |
USD |
2.8% |
-1.4% |
|
|
2:00pm |
EUR |
-10.8 |
1.3% |
||
Government Bond Auctions
Date Time Country
21/8 10:30 Spain
21/8 12:00 EFSF
22/8 11:30 Germany
22/8 11:10 Sweden
23/8 05:45 Japan
23/8 11:30 UK
23/8 19:00 US
27/8 11:30 Germany
28/8 10:30 Spain
28/8 11:00 Italy
28/8 19:00 US
29/8 11:00 Italy
29/8 19:00 US
30/8 05:35 Japan
30/8 11:00 Italy
30/8 19:00 US
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