EUR/GBP Fundamental Analysis December 27, 2012 Forecast

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Updated: Aug 21, 2015, 02:00 UTC

Analysis and Recommendations: The EUR/GBP traded on the positive side gaining 13pips as traders moved back into the markets looking for a bit more risk

EUR/GBP Fundamental Analysis December 27, 2012 Forecast

Analysis and Recommendations:

The EUR/GBP traded on the positive side gaining 13pips as traders moved back into the markets looking for a bit more risk after assurances from President Obama that Congress would be back in session tomorrow to complete negotiations on the US Fiscal Cliff. The euro gained against most of its crosses as traders moved from the US dollar as safe haven trades lessened. It was still a light trading day with UK and EU markets closed for Boxing Day. Trading is expected to resume tomorrow but remain light as the New Year’s holiday approaches.

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 December 26, 2012 actual v. forecast

Markets were closed on Christmas day and there were no economic releases or major data reports.

Date

Currency

Event

Actual

Forecast

Previous

Dec. 26

JPY

2-Year JGB Auction

0.094%

0.096%

SGD

Singaporean Industrial Production (YoY)

3.1%

4.8%

-5.1%

INR

Indian M3 Money Supply

12.90%

12.50%

USD

Richmond Mfg Index

5

12

9

USD

Redbook (MoM)

0.00

-0.20%

USD

S&P/CS Home Price Indices Composite – 20

4.3

4.0%

3.0%

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

Date	Time	Currency	Event	Forecast	Previous
Dec. 27	09:30	GBP	BBA Mortgage Approvals	34.6K	33.0K
	13:30	USD	Initial Jobless Claims	360K	361K
	13:30	USD	Continuing Jobless Claims	3200K	3225K
	15:00	USD	CB Consumer Confidence	70.5	73.7
	15:00	USD	New Home Sales	382K	368K