EUR/GBP Fundamental Analysis July 27, 2012, Forecast

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Analysis and Recommendations:

The EUR/GBP continued to dip today trading at 0.7835. What can one say, as the euro skyrocketed today on comments from the ECB President vowing to save the monetary union, Draghi noted the bank would not side by and allow the currency to crash. His comments supported the euro which added 200 points almost immediately. For some reason it could not gather strength against the pound.

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 26, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Jul. 26

 

KRW

 

 

 

South Korean GDP (QoQ) 

0.4%

 

0.5% 

 

0.9% 

 

 

 

 

JPY

 

 

 

BoJ Governor Shirakawa Speaks 

 

 

 

 

 

 

 

 

 

EUR

 

 

 

GfK German Consumer Climate 

5.9

 

5.8 

 

5.8 

 

 

 

 

USD

 

 

 

Core Durable Goods Orders (MoM) 

-1.1%

 

0.1% 

 

0.8% 

  

 

 

USD

 

 

 

Durable Goods Orders (MoM) 

1.6%

 

0.4% 

 

1.6% 

  

 

 

USD

 

 

 

Initial Jobless Claims 

353K

 

380K 

 

388K 

  

 

 

USD

 

 

 

Continuing Jobless Claims 

3287K

 

3310K 

 

3317K 

  

 

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

 Event

Previous

Jul 27

27th-31st

GBP

Nationwide HPI m/m

-0.6%

All Day

EUR

German Prelim CPI m/m

-0.1%

7:00

CHF

KOF Economic Barometer

1.16

12:30

USD

Advance GDP q/q

1.9%

13:55

USD

Revised UoM Consumer Sentiment

72.0

Government Bond Auctions

Date  Time  Country 

Jul 27  09:10  Italy

Jul 27  17:00  US

 

 

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About:FX Empire Analyst - Barry Norman

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