EUR/GBP Fundamental Analysis October 24, 2012 Forecast
Add a comment
Fundamental Reports
To learn more click here
EUR/GBP Fundamental Analysis October 24, 2012 Forecast
The EUR/GBP is trading at 0.8138 dipping a few pips as the euro hit hard times today. Moody’s downgraded five Spanish regions (including Catalonia) and confirmed five others along disappointing European earnings, France’s disappointing business confidence (falling to a multiyear low of 85), and rumors that Mr. Bernanke will leave the Fed in January 2013 and upward pressure on Spanish yields for the third session. The central bank of Spain released its estimate for Q3 GDP at -0.4% q/q, the silver lining in this estimate is that it is above the current consensus and is in line with the drop in Q2. The GBP was fairly low key today ahead of Thursday GDP report, leaving the pair to fall on the back of the euro.
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 23, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
Forecast |
Previous |
||
|
Oct. 23 |
|
PLN |
|
|
Polish Unemployment Rate |
12.40% |
12.50% |
12.40% |
||
|
|
|
GBP |
|
|
BBA Mortgage Approvals |
31.2K |
30.9K |
30.7K |
||
|
|
|
CAD |
|
|
Core Retail Sales (MoM) |
0.4% |
0.2% |
0.5% |
||
|
|
|
CAD |
|
|
Retail Sales (MoM) |
0.3% |
0.4% |
0.7% |
||
|
|
|
CAD |
|
|
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Oct. 24 |
07:58 |
EUR |
44.0 |
42.7 |
|
|
|
08:28 |
EUR |
48.0 |
47.4 |
|
|
|
09:00 |
EUR |
101.6 |
101.4 |
|
|
|
09:00 |
EUR |
109.7 |
110.3 |
|
|
|
09:00 |
EUR |
94.3 |
93.2 |
|
|
|
11:00 |
GBP |
-8 |
||
|
15:00 |
USD |
385K |
373K |
||
|
Oct.26 |
07:00 |
EUR |
5.9 |
5.9 |
|
|
|
08:00 |
CHF |
1.67 |
1.67 |
Government Bond Auction
Date Time Country
Oct 24 09:10 Sweden
Oct 24 09:30 Germany
Oct 24 14:30 Sweden
Oct 24 15:30 Italy
Oct 24 16:30 US
Oct 25 00:30 Japan
Oct 25 09:10 Sweden
Oct 25 15:30 Italy
Oct 25 17:00 US
Oct 26 09:10 Italy
Worries of Global Copper Surplus Drive Prices Downwards
AUD/USD forecast for the week of May 20, Technical Analysis
Traders Feeling the Impact of Server Technology and IT Infrastructure...
Gold forecast for the week of May 20, 2013, Technical
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
