EUR/GBP Fundamental Analysis October 1, 2012 Forecast
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Analysis and Recommendations:
The EUR/GBP is trading at 0.7967 with the euro gaining a bit after positive eco data releases. The pair declined following a morning of generally positive European data but weak UK Index of Services figures which registered a 0.1% against expectations of 1.5%. There is an element of negative risk sentiment this across markets following growing skepticism over the Spanish budget saw Spanish yields rise above the 6% level. Sterling fell against the euro on Friday after investors gave a cautious welcome to Spain’s 2013 draft budget, although losses were expected to be capped by uncertainty over when the country may ask for a bailout.
Earlier in the session, an annual European Union farm subsidy payment to the UK, which involved around 3 billion euros of sterling-positive flows, kept euro gains in check. But market players said that, with that payment out of the way, many investors were cutting out of short euro positions.
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 September 28, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 28 |
|
KRW |
|
|
South Korean Industrial Production (YoY) |
0.3% |
|
0.4% |
|
0.2% |
||
|
|
|
JPY |
|
|
Unemployment Rate |
4.2% |
|
4.3% |
|
4.3% |
|
|
|
|
|
JPY |
|
|
Tokyo Core CPI (YoY) |
-0.4% |
|
-0.3% |
|
-0.5% |
|
|
|
|
|
JPY |
|
|
Industrial Production (MoM) |
-1.3% |
|
-0.5% |
|
-1.0% |
|
|
|
|
|
JPY |
|
|
Retail Sales (YoY) |
1.8% |
|
-0.2% |
|
-0.8% |
|
|
|
|
|
EUR |
|
|
French GDP (QoQ) |
0.0% |
|
0.0% |
|
0.0% |
|
|
|
|
|
EUR |
|
|
French Consumer Spending (MoM) |
0.4% |
|
-0.1% |
|
0.4% |
||
|
|
|
CHF |
|
|
KOF Leading Indicators |
1.67 |
|
1.57 |
|
1.59 |
||
|
|
|
EUR |
|
|
CPI (YoY) |
2.7% |
|
2.4% |
|
2.6% |
|
|
|
|
|
USD |
|
|
Core PCE Price Index (MoM) |
0.1% |
|
0.1% |
|
0.1% |
||
|
|
|
CAD |
|
|
GDP (MoM) |
0.2% |
|
0.2% |
|
0.1% |
||
|
|
|
USD |
|
|
Personal Spending (MoM) |
0.5% |
|
0.5% |
|
0.4% |
|
|
|
|
|
USD |
|
|
Chicago PMI |
49.7 |
|
53.0 |
|
53.0 |
|
|
|
|
|
USD |
|
|
Michigan Consumer Sentiment |
78.3 |
|
79.0 |
|
79.2 |
|
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Oct. 01 |
08:15 |
CHF |
5.0% |
3.2% |
|
|
08:30 |
CHF |
47.0 |
46.7 |
||
|
15:00 |
USD |
49.8 |
49.6 |
Government Bond Auction
Date Time Country
Oct 01 10:00 Norway
Oct 02 09:15 Austria
Oct 02 09:30 Belgium
Oct 02 09:30 UK
Oct 02 14:30 UK
Oct 03 09:10 Sweden
Oct 03 10:00 Norway
Oct 04 08:30 Spain
Oct 04 08:50 France
Oct 04 15:00 US
Oct 05 15:30 Italy
EUR/USD Mid-Session Analysis for May 23, 2013
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Gold Prices Forecast May 23, 2013, Technical Analysis
AUD/USD Forecast May 23, 2013, Technical Analysis
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