EUR/GBP Fundamental Analysis October 10, 2012 Forecast

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

EUR/GBP Fundamental Analysis October 10, 2012 Forecast

EUR/GBP Fundamental Analysis October 10, 2012 Forecast

Analysis and Recommendations:

The EUR/GBP fell today as a weakened GBP was able to remain stronger then the euro, as traders worried more and more over the ongoing, never ending debt crisis in Europe. The pair is trading at 0.8070. Manufacturing production tumbled in the UK today, with reports showing a -1.1% drop when markets were expecting a much small decline. There was no eurozone data today, but Greece and Spain continued to weigh on markets. After Mr. Draghi spoke today, markets took his support of Greece to say there were still problems as Mr. Draghi commended Greece on their efforts but said there was still a long way to go.

Yesterday, EU Ministers commented that Spain may not need a bailout, which upset markets and worried traders putting more pressure on the EUR

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 October 9, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Oct. 09

 

GBP

 

 

RICS House Price Balance 

-15%

 

-20% 

 

-18% 

   

 

 

JPY

 

 

Adjusted Current Account 

0.72T

 

0.52T 

 

0.34T 

 

 

 

 

AUD

 

 

NAB Business Confidence 

0

 

 

 

-3 

   

 

 

GBP

 

 

Industrial Production (MoM) 

-0.5%

 

-0.5% 

 

2.8% 

   

 

 

GBP

 

 

Manufacturing Production (MoM) 

-1.1%

 

-0.6% 

 

3.1% 

   

 

 

GBP

 

 

Trade Balance 

-9.8B

 

-8.5B 

 

-7.3B 

   

 

 

GBP

 

 

Industrial Production (YoY) 

-1.2%

 

-1.1% 

 

-0.8% 

 

 

 

 

CAD

 

 

Housing Starts 

220.2K

 

208.0K 

 

225.3K 

   

 

 

GBP

 

 

NIESR GDP Estimate 

0.8%

 

 

 

0.1% 

   

 

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

Date

Time

Currency

Event

Forecast

Previous

 Oct. 11

07:00

EUR

German CPI (YoY) 

2.0%

2.0%

 

07:45

EUR

French CPI (MoM) 

 

0.7%

Oct. 12 

10:00

EUR

Industrial Production (MoM) 

-0.5%

0.6%

Government Bond Auction

Date Time Country 

Oct 10 09:10 Italy  

Oct 10 09:10 Sweden 

Oct 10 09:30 Germany 

Oct 10 09:30 Swiss 

Oct 10 14:30 Sweden 

Oct 10 17:00 US 

Oct 11 09:10 Italy  

Oct 11 09:10 Sweden 

Oct 11 09:30 UK 

Oct 11 15:00 US 

Oct 11 17:00 US 

Oct 12 09:30 Germany 

Oct 12 10:00 Belgium

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.