EUR/GBP Fundamental Analysis September 24, 2012 Forecast

Posted September 21, 2012 14:09 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/GBP added a few pips trading at 0.8001 on rumors about Spain.

In the UK Public Borrowings came in below forecast, which helped the GBP today, otherwise there was little in eco data. Markets are responding to rumors about Spain today.

The euro is getting a bit of a lift from reports that Spain is in talks with European Union officials over a rescue plan, but Spain has been talking about a rescue plan since the early summer, so we’re not getting our hopes up too high. Spain’s yield curve isn’t buying it, with Spanish 10’s essentially unchanged from yesterday.

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 21, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 21

AUD

CB Leading Index (MoM)

0.0%

0.5%

NZD

Credit Card Spending (YoY)

1.0%

0.1%

EUR

Dutch Consumer Spending

-1.50

-0.50

GBP

Public Sector Net Borrowing

12.4B

13.3B

-1.9B

CAD

Core CPI (MoM)

0.3%

0.3%

-0.1%

CAD

CPI (MoM)

0.2%

0.4%

-0.1%

CAD

Wholesale Sales (MoM)

-0.6%

-0.1%

-0.3%

CAD

CPI (YoY)

1.2%

1.0%

1.3%

EUR

Belgium NBB Business Climate

-11.6

-11.2

-11.8

Upcoming Economic Events that affect the EUR ( there are no USD or CAD events )

Date	Time	Currency	Event	Forecast	Previous
Sep. 24	09:00	EUR	German Ifo Business Climate Index	102.1	102.3
	09:00	EUR	German Current Assessment		111.2
	09:00	EUR	German Business Expectations		94.2

Government Bond Auction

Date Time Country

Sep 24 09:10 Norway

Sep 24 09:30 Germany

Sep 24 10:00 Belgium

Sep 24 15:30 Italy

Sep 25 08:30 Holland

Sep 25 08:30 Spain

Sep 25 09:10 Italy

Sep 25 14:30 UK

Sep 25 17:00 US

Sep 26 09:10 Italy

Sep 26 09:10 Sweden

Sep 26 09:00 Germany

Sep 26 14:30 Sweden

Sep 26 17:00 US

Sep 27 00:30 Japan

Sep 27 09:10 Italy

Sep 27 17:00 US

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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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