EUR/GBP Fundamental Analysis July 16, 2012, Forecast
Add a comment
Fundamental Reports
To learn more click here
Analysis and Recommendations:
The EUR/GBP is trading at 0.7874, as the euro continues to trend lower against most of its trading partners. There seems to be slow burn in the EU, a feeling of desperation and heavy weight or the dark clouds before the storm. Investors are fleeing the euro and everything it touches.
Spain, Italy and Greece, are quietly crumbling, as civil unrest begins to stir. Too many analysts are starting to believe that the EU has now missed the boat. That it is too late to save the EU with long term pacts and financial unions, when the EU is falling apart today.
In the UK, comments were made today, about ability of one’s own central bank being able to print money and help an economy pull itself upwards.
The BoE and the Finance Ministry launched their new program to increase bank lending.
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 July 13, 2012 actual v. forecast
|
Date |
Time |
|
Currency |
|
Importance |
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Jul. 13 |
03:00 |
|
CNY |
|
|
Chinese Fixed Asset Investment (YoY) |
20.4% |
|
20.1% |
|
20.1% |
|
||
|
|
03:00 |
|
CNY |
|
|
Chinese GDP (YoY) |
7.6% |
|
7.6% |
|
8.1% |
|
||
|
|
03:00 |
|
CNY |
|
|
Chinese Industrial Production (YoY) |
9.5% |
|
9.8% |
|
9.6% |
|
||
|
|
03:00 |
|
CNY |
|
|
Chinese Retail Sales (YoY) |
13.7% |
|
13.5% |
|
13.8% |
|
||
|
|
05:30 |
|
JPY |
|
|
Industrial Production (MoM) |
-3.4% |
|
-3.1% |
|
-3.1% |
|
||
|
|
08:15 |
|
CHF |
|
|
PPI (MoM) |
-0.3% |
|
-0.4% |
|
-0.2% |
|
||
|
|
10:30 |
|
EUR |
|
|
Italian 10-Year BTP Auction |
5.82% |
|
|
|
6.19% |
|
||
|
|
13:30 |
|
USD |
|
|
Core PPI (MoM) |
2.0% |
|
0.2% |
|
0.2% |
|
||
|
|
13:30 |
|
USD |
|
|
PPI (MoM) |
1.0% |
|
-0.5% |
|
-1.0% |
|
||
|
|
14:55 |
|
USD |
|
|
Michigan Consumer Sentiment |
|
|
73.4 |
|
73.2 |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jul 16 |
7:15 |
CHF |
-7.5% |
8.8% |
|
|
9:00 |
EUR |
2.4% |
|||
|
12:30 |
USD |
-0.2% |
|||
|
12:30 |
USD |
2.3 |
|||
|
14:00 |
USD |
0.4% |
|||
|
Jul 17 |
8:30 |
GBP |
2.8% |
||
|
9:00 |
EUR |
-16.9 |
|||
|
9:15 |
ALL |
G7 Meetings |
|||
|
12:30 |
USD |
-0.3% |
|||
|
13:00 |
USD |
25.6B |
|||
|
13:15 |
USD |
-0.1% |
|||
|
Jul 18 |
8:30 |
GBP |
8.1K |
||
|
8:30 |
GBP |
8.2% |
|||
|
9:00 |
CHF |
-43.4 |
|||
|
12:30 |
USD |
0.78M |
|||
|
12:30 |
USD |
0.71M |
|||
|
14:30 |
USD |
-4.7M |
|||
|
Jul 19 |
6:00 |
CHF |
2.48B |
||
|
8:00 |
EUR |
4.6B |
|||
|
8:30 |
GBP |
1.4% |
|||
|
12:30 |
USD |
||||
|
14:00 |
USD |
4.55M |
|||
|
14:00 |
USD |
-16.6 |
|||
|
Jul 20 |
6:00 |
EUR |
-0.3% |
||
|
8:30 |
GBP |
15.6B |
EUR/USD Forecast May 23, 2013, Technical Analysis
AUD/USD Forecast May 23, 2013, Technical Analysis
Gold Prices Forecast May 23, 2013, Technical Analysis
USD/JPY Forecast May 23, 2013, Technical Analysis
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
