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
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 |
-0.1% |
-0.2% |
|
|
13:15 |
USD |
125K |
158K |
|
|
13:30 |
USD |
2.7% |
1.9% |
|
|
13:30 |
USD |
-0.9% |
-0.1% |
|
|
15:00 |
USD |
53.5 |
54.2 |
|
Dec. 06 |
08:15 |
CHF |
0.1% |
||
|
09:30 |
GBP |
-8.8B |
-8.4B |
|
|
10:00 |
EUR |
-0.1% |
-0.1% |
|
|
11:00 |
EUR |
0.9% |
-3.3% |
|
|
12:00 |
GBP |
0.50% |
0.50% |
|
|
12:00 |
GBP |
375B |
375B |
|
|
12:45 |
EUR |
0.75% |
0.75% |
|
Dec. 07 |
09:30 |
GBP |
0.7% |
-1.7% |
|
|
09:30 |
GBP |
-0.2% |
0.1% |
|
|
09:30 |
GBP |
-0.6% |
-2.6% |
|
|
11:00 |
EUR |
-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