EUR/GBP Fundamental Analysis September 20, 2012, Forecast

Posted September 19, 2012 15:34 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/GBP is holding at 0.8034 with hardly any movement in today’s session. There was no eco data in the UK or the eurozone today to affect the currency. And therefore trading with light and action was flat.

On Thursday there should be some action with retail sales and Industrial Trends in the UK and PMI in the eurozone.

The Bank of England minutes were released with little market affect.

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 19, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 19

JPY

Interest Rate Decision

0.10%

0.10%

USD

Building Permits

0.803M

0.796M

0.811M

USD

Housing Starts

0.750M

0.765M

0.733M

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

Date	Time	Currency	Event	Forecast	Previous
Sep. 20	07:58	EUR	French Manufacturing PMI	46.4	46.0
	08:28	EUR	German Manufacturing PMI	45.3	44.7
	09:30	GBP	Retail Sales (MoM)	-0.4%	0.3%
	09:30	GBP	Retail Sales (YoY)	2.7%	2.8%
	11:00	GBP	CBI Industrial Trends Orders	-15	-21

Government Bond Auction

Date Time Country

Sep 20 08:30 Spain

Sep 20 08:50 France

Sep 20 09:30 UK

Sep 20 09:50 France

Sep 20 15:00 US

Sep 20 17:00 US

Sep 21 15:30 Italy

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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

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