GBP/USD Fundamental Analysis September 11, 2012, Forecast

Posted September 10, 2012 15:58 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The GBP/USD is trading at 1.5993 after breaking above the 1.60 price on Friday; sterling has not been able to hold the line. There was little eco data in the UK or the US today and not much is expected this week. All eyes are focused on the upcoming FOMC meeting and Mr. Bernanke’s statement on the 13th. The pair is expected to trade pretty much in a tight range until the FOMC meeting.

The court ruling due in Germany on the constitutionality of the ESM and EFSF could affect markets this week, with the ruling due by the 12th.

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 10, 2012 actual v. forecast

Date	Time	Currency	Event	Actual	Forecast	Previous
Sep. 10	00:50	JPY	Adjusted Current Account	0.34T	0.39T	0.77T
	00:50	JPY	GDP (QoQ)	0.2%	0.3%	0.3%
	00:50	JPY	GDP Price Index (YoY)	-0.9%	-1.1%	-1.1%
	00:50	JPY	Bank Lending (YoY)	0.9%		0.7%
	02:00	CNY	Chinese Trade Balance	26.66B	19.80B	25.10B
	02:00	CNY	Chinese Exports (YoY)	2.70%	3.00%	1.00%
	02:30	AUD	Home Loans (MoM)	-1.0%	0.1%	1.0%

Chinese Economic Data released on September 9, 2012 actual v. forecast (this is important)

Sep. 09