EUR/GBP Fundamental Analysis June 27, 2013 Forecast

Analysis and Recommendations:

The EUR/GBP remains flat to trade at 0.8480 moving between small gains and losses. There has been little data of significance and even less news flow today. Today ECB President Draghi reminded markets that “an ECB exit remains distant” and that the ECB “stands ready to act”; juxtaposed against shifting Fed policy it highlights that relative central bank policy will soon shift from supporting to weighing on EUR. Leading into the Thursday/Friday European Summit, ECOFIN is meeting in Brussels, attempting to lay the groundwork for several pieces of the banking union. 

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 June 26, 2013 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Jun 27 00:30 Japan

Jun 27 09:10 Italy

Jun 27 17:00 US

Jul 01 09:10 Norway

Jul 02 00:30 Japan

Jul 02 09:15 Austria

Jul 02 09:30 Belgium

Jul 02 09:30 UK

Jul 02 14:30 UK

Jul 03 15:00 US

Jul 04 00:00 Japan

Jul 04 08:30 Spain

Jul 04 08:50 France

Jul 04 11:00 Norway

Jul 05 15:30 Italy