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EUR/GBP Fundamental Analysis December 4, 2012, Forecast

By:
Barry Norman
Updated: Aug 20, 2015, 23:00 UTC

Analysis and Recommendations: The EUR/GBP is trading at 0.8112 almost flat for the day, but on a positive note as the euro climbed with positive

EUR/GBP Fundamental Analysis December 4, 2012, Forecast

EUR/GBP Fundamental Analysis December 4, 2012, Forecast
EUR/GBP Fundamental Analysis December 4, 2012, Forecast
Analysis and Recommendations:

The EUR/GBP is trading at 0.8112 almost flat for the day, but on a positive note as the euro climbed with positive sentiment, ignoring the downgrade of the ESFS and the ESM. Markets were expecting to see today’s PMI for the eurozone come in under forecast and were pleasantly surprised when the print met forecast. While in the UK PMI reported well above expectations. The two reports seemed to keep the pair on balance today ahead of the two central bank meetings this week, with both the BoE and the ECB expected to keep everything on hold.

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 3, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec. 03

 

AUD

 

 

Company Gross Operating Profits (QoQ) 

-2.9%

 

-2.5% 

 

-0.3% 

   

 

 

AUD

 

 

Retail Sales (MoM) 

0.0%

 

0.4% 

 

0.5% 

 

 

 

 

CNY

 

 

Chinese HSBC Manufacturing PMI 

50.50

 

50.40 

 

50.40 

 

 

 

 

JPY

 

 

BoJ Governor Shirakawa Speaks 

 

 

 

 

 

 

 

 

 

TRY

 

 

Turkish CPI (MoM) 

0.38%

 

0.91% 

 

1.96% 

 

 

 

 

CHF

 

 

Retail Sales (YoY) 

2.7%

 

4.1% 

 

5.4% 

 

 

 

 

CHF

 

 

SVME PMI 

48.5

 

47.0 

 

46.1 

 

 

 

 

EUR

 

 

Italian Manufacturing PMI 

45.10

 

45.90 

 

45.50 

 

 

 

 

EUR

 

 

French Manufacturing PMI 

44.5

 

44.7 

 

44.7 

 

 

 

 

EUR

 

 

German Manufacturing PMI 

46.8

 

46.8 

 

46.8 

 

 

 

 

EUR

 

 

Manufacturing PMI 

46.2

 

46.2 

 

46.2 

 

 

 

 

GBP

 

 

Manufacturing PMI 

49.1

 

48.1 

 

47.3 

   

 

 

USD

 

 

ISM Manufacturing Index 

52.80 

 

51.3 

 

51.7 

   

 

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

Date

Time

Currency

Event

Forecast

Previous

Dec. 05

10:00

EUR

Retail Sales (MoM) 

-0.1%

-0.2%

 

13:15

USD

ADP Nonfarm Employment Change 

125K

158K

 

13:30

USD

Nonfarm Productivity (QoQ) 

2.7%

1.9%

 

13:30

USD

Unit Labor Costs (QoQ) 

-0.9%

-0.1%

 

15:00

USD

ISM Non-Manufacturing Index 

53.5

54.2

Dec. 06 

08:15

CHF

CPI (MoM) 

 

0.1%

 

09:30

GBP

Trade Balance 

-8.8B

-8.4B

 

10:00

EUR

GDP (QoQ) 

-0.1%

-0.1%

 

11:00

EUR

German Factory Orders (MoM) 

0.9%

-3.3%

 

12:00

GBP

Interest Rate Decision 

0.50%

0.50%

 

12:00

GBP

BOE QE Total 

375B

375B

 

12:45

EUR

Interest Rate Decision 

0.75%

0.75%

Dec. 07

09:30

GBP

Industrial Production (MoM) 

0.7%

-1.7%

 

09:30

GBP

Manufacturing Production (MoM) 

-0.2%

0.1%

 

09:30

GBP

Industrial Production (YoY) 

-0.6%

-2.6%

 

11:00

EUR

German Industrial Production (MoM) 

-0.5%

-1.8%

Government Bond Auction

Date Time Country 

Dec 04 01:30 Japan 

Dec 04 10:30 Belgium 

Dec 04 15:30 UK 

Dec 05 09:30 Spain 

Dec 05 10:30 Germany 

Dec 05 11:00 Norway 

Dec 05 15:30 Sweden 

Dec 06 01:30 Japan 

Dec 06 09:50 France 

Dec 06 16:00 US 

Dec 07 16:30 Italy

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