EUR/GBP Fundamental Analysis September 20, 2012, Forecast

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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% 

 

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

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