The EUR/GBP eased by 27 points as the pound rallied today with the June 23rd referendum polls showing the UK remaining in the Eurozone speculators seemed
The EUR/GBP eased by 27 points as the pound rallied today with the June 23rd referendum polls showing the UK remaining in the Eurozone speculators seemed to breathe a sigh of relief. Currency News said that the Pound steadily reversed the Euro’s attempts to rally later in Monday’s session as the poor German IFO scores entrenched themselves and new ‘Remain’ campaign statements further increased bets that a ‘Brexit’ would not occur in June.
Britain’s Home Secretary Theresa May spoke around midday, arguing of the importance for the UK to remain in the European Union and change it from the inside. The BBC reports;
‘While “the sky would not fall” in the event of Brexit, she said she had concluded it was a matter of “hard-headed national interest” to remain in, based on security, trade and prosperity.
The Euro to Pound Sterling (EUR/GBP) exchange rate endured its second consecutive week of losses last week as a new series of polls and political sentiment indicated increasing favor towards the ‘Remain’ campaign ahead of the EU referendum and poor data throttled the Euro. (Currency News)
FxEmpire provides in-depth analysis for each asset 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, which covers the current week and are published by Sunday before the new week begins. Daily we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole.
Today’s economic releases:
Cur. | Event | Actual | Forecast | Previous | |||
USD | Core Durable Goods Orders (MoM) | 0.5% | -1.3% | ||||
USD | Durable Goods Orders (MoM) (Mar) | 1.8% | -3.0% | ||||
USD | S&P/CS HPI Composite – 20 n.s.a. | 5.5% | 5.7% | ||||
USD | Services PMI (Apr) | 51.3 | |||||
USD | CB Consumer Confidence (Apr) | 96.0 | 96.2 |
Upcoming Economic Events that you should be monitoring:
Wednesday, April 27, 2016
Cur. | Event | Actual | Forecast | Previous | |||
USD | API Weekly Crude Oil Stock | 3.100M | |||||
NZD | Trade Balance (MoM) (Mar) | 405M | 339M | ||||
AUD | CPI (QoQ) (Q1) | 0.3% | 0.4% | ||||
EUR | GfK German Consumer Climate (May) | 9.4 | 9.4 | ||||
GBP | GDP (QoQ) (Q1) | 0.4% | 0.6% | ||||
GBP | GDP (YoY) (Q1) | 2.0% | 2.1% | ||||
USD | Goods Trade Balance (Mar) | -62.50B | -62.86B | ||||
USD | Pending Home Sales (MoM) (Mar) | 0.5% | 3.5% | ||||
USD | Crude Oil Inventories | 2.080M | |||||
USD | Fed Interest Rate Decision | 0.50% | 0.50% |
Government Bond Auctions
Date Time Country Auction
Apr 26 11:10 Italy Holds BTP€i auction
Apr 26 19:00 US Holds 2-year note auction
Apr 27 11:03 Sweden Holds bond auction
Apr 27 11:10 Italy Holds CTZ auction
Apr 27 11:30 Germany Eur 1bn 2.5% Aug 2046 Bund
Apr 27 19:00 US 2-year FRN, 5-year note auctions
Apr 28 11:10 Italy Holds 5yr/10yr bond auctions
Apr 28 19:00 US Holds 7-year note auction