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EUR/GBP Fundamental Analysis October 19, 2012 Forecast
By:
Analysis and Recommendations: The EUR/GBP is trading at 0.8119 flat from yesterday. As investors await news from the EU Summit, the euro has held pretty
The EUR/GBP is trading at 0.8119 flat from yesterday. As investors await news from the EU Summit, the euro has held pretty steady, dipping just a few pips against the greenback. In the UK today, retail sales reported above forecast giving a bit of strength to the pound, keeping it on even keel with the euro.
The main event and focus of investors is the EU Summit, but it is the news, speeches, statements and interviews that will drive the markets over the next two days. There is a lot of pressure and expectations although traders truly do not hope for any resolve from the EU Summit, but Greece and Spain will remain the highlights.
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 October 18, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Oct. 18 |
|
AUD |
|
|
NAB Quarterly Business Confidence |
-2.00 |
|
|
|
-2.00 |
|
|
|
|
|
CNY |
|
|
Chinese Fixed Asset Investment (YoY) |
20.5% |
|
20.2% |
|
20.2% |
|
|
|
|
|
CNY |
|
|
Chinese GDP (YoY) |
7.4% |
|
7.4% |
|
7.6% |
|
|
|
|
|
CNY |
|
|
Chinese Industrial Production (YoY) |
9.2% |
|
9.0% |
|
8.9% |
|
|
|
|
|
CNY |
|
|
Chinese Retail Sales (YoY) |
14.2% |
|
13.2% |
|
13.2% |
|
|
|
|
|
GBP |
|
|
Retail Sales (MoM) |
0.6% |
|
0.4% |
|
-0.1% |
||
|
|
|
GBP |
|
|
Retail Sales (YoY) |
2.5% |
|
2.1% |
|
2.5% |
||
|
|
|
EUR |
|
|
Spanish 10-Year Obligacion Auction |
5.458% |
|
|
|
5.666% |
|
|
|
|
|
USD |
|
|
Initial Jobless Claims |
388K |
|
365K |
|
342K |
||
|
|
|
CAD |
|
|
Wholesale Sales (MoM) |
0.5% |
|
0.2% |
|
-0.7% |
||
|
|
|
USD |
|
|
Continuing Jobless Claims |
3252K |
|
3275K |
|
3281K |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Oct. 19 |
15:00 |
USD |
4.73M |
4.82M |
Government Bond Auction
Date Time Country
Oct 21 10:30 Portugal
Oct 22 09:10 Norway
Oct 23 08:30 Spain
Oct 23 14:30 UK
Oct 23 17:00 US
Oct 24 09:10 Sweden
Oct 24 09:30 Germany
Oct 24 14:30 Sweden
Oct 24 15:30 Italy
Oct 24 16:30 US
Oct 25 00:30 Japan
Oct 25 09:10 Sweden
Oct 25 15:30 Italy
Oct 25 17:00 US
Oct 26 09:10 Italy
About the Author
Barry Normanauthor
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