EUR/GBP Fundamental Analysis August 22, 2012, Forecast

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

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

Trade Balance

2.10B

 
 

8:00am

EUR

French Flash Manufacturing PMI

43.8

2.25B

 

8:00am

EUR

French Flash Services PMI

50.1

43.4

Aug 23

8:30am

EUR

German Flash Manufacturing PMI

43.6

50.0

 

8:30am

EUR

German Flash Services PMI

50.2

43.0

 

9:00am

EUR

Flash Manufacturing PMI

44.3

50.3

 

9:00am

EUR

Flash Services PMI

47.9

44.0

 

9:30am

GBP

BBA Mortgage Approvals

28.2K

47.9

 

11:00am

GBP

CBI Realized Sales

16

26.3K

 

1:30pm

USD

Unemployment Claims

365K

11

 

2:00pm

USD

Flash Manufacturing PMI

51.3

366K

 

3:00pm

USD

New Home Sales

362K

51.4

 

9:30am

GBP

Revised GDP q/q

-0.5%

350K

 

9:30am

GBP

Prelim Business Investment q/q

2.8%

-0.7%

 

1:30pm

USD

Core Durable Goods Orders m/m

0.5%

1.9%

Aug 24

1:30pm

USD

Durable Goods Orders m/m

2.8%

-1.4%

 

2:00pm

EUR

Belgium NBB Business Climate

-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

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About:FX Empire Analyst - Barry Norman

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

  View all of FX Empire Analyst - Barry Norman's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.