Analysis and Recommendations: The EUR/GBP gained 2 points as both currencies were in a battle as to which call fall the most after a day of devastating
Analysis and Recommendations:
The EUR/GBP gained 2 points as both currencies were in a battle as to which call fall the most after a day of devastating data. Sterling fell to a one-month low against the euro while 10-year gilt yields dropped to the lowest since June last year after UK inflation slowed more than expected, pushing back expectations of a rise in UK interest rates. UK consumer prices rose 1.2 percent on the year in September, compared with 1.5 percent in August as the prices of food and motor fuels both fell, the Office for National Statistics said.
The 18-nation shared currency dropped after reports today showed industrial production in the region slumped and a measure of German investor confidence decreased for a 10th month. The pound fell against most of its major peers as a report showed U.K. inflation dropped to a five-year low. The Swedish krona plunged after deflation worsened.
The 18-nation shared currency dropped after reports today showed industrial production in the region slumped and a measure of German investor confidence decreased for a 10th month. The pound fell against most of its major peers as a report showed U.K. inflation dropped to a five-year low. The Swedish krona plunged after deflation worsened.
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.
Today’s economic releases actual vs. forecast:
|
Cur. |
Event |
Actual |
Forecast |
Previous |
||
|
GBP |
BRC Retail Sales Monitor (YoY) ( |
-2.1% |
1.0% |
1.3% |
|
|
|
AUD |
NAB Business Confidence (Sep) |
5 |
|
7 |
||
|
EUR |
French CPI (MoM) (Sep) |
-0.4% |
-0.3% |
0.4% |
|
|
|
EUR |
French HICP (MoM) (Sep) |
-0.4% |
-0.3% |
0.5% |
|
|
|
EUR |
Spanish CPI (MoM) (Sep) |
0.2% |
0.2% |
0.2% |
|
|
|
EUR |
Italian CPI (MoM) (Sep) |
-0.4% |
-0.3% |
-0.4% |
||
|
GBP |
CPI (MoM) (Sep) |
0.0% |
0.2% |
0.4% |
|
|
|
GBP |
CPI (YoY) (Sep) |
1.2% |
1.4% |
1.5% |
|
|
|
GBP |
PPI Input (MoM) (Sep) |
-0.6% |
-0.4% |
-1.2% |
||
|
EUR |
German ZEW Conditions (Oct) |
3.2 |
18.0 |
25.4 |
|
|
|
EUR |
German ZEW Sentiment (Oct) |
-3.6 |
1.0 |
6.9 |
|
|
|
EUR |
Industrial Production (MoM) |
-1.8% |
-1.6% |
0.9% |
||
|
EUR |
ZEW Economic Sentiment |
4.1 |
7.1 |
14.2 |
Upcoming Economic Events that you should be monitoring:
Cur. |
Event |
Actual |
Forecast |
Previous |
|||
Wednesday, October 15 |
|||||||
|
CNY |
CPI (YoY) (Sep) |
|
1.7% |
2.0% |
|
|
|
EUR |
ECB President Draghi |
|
|
|
|
|
|
GBP |
Claimant Count Change |
|
-35.0K |
-37.2K |
|
|
|
USD |
Core Retail Sales (MoM) |
|
0.3% |
0.3% |
|
|
|
USD |
PPI (MoM) (Sep) |
|
0.1% |
0.0% |
|
|
|
USD |
Retail Sales (MoM) |
|
-0.1% |
0.6% |
|
|
|
EUR |
ECB President Draghi |
|
|
Government Bond Auction
Date Time Country Auction
Oct 14 08:30 Spain 6 & 12M T-bill auction
Oct 14 09:30 Belgium 3 & 12M T-bill auction (Jan & Oct 2015)
Oct 15 09:03 Sweden Bond auction
Oct 15 09:30 Germany Eur 4.0bn Sep 2016 Schatz auction
Oct 16 08:30 Spain Bono/Obligacion auction
Oct 16 09:30 UK Auctions 0.125% 2024 I/L Gilt
Oct 16 15:00 US Announces details of 30Y TIPS auction on Oct 23