EUR/USD Fundamental Analysis – August 12, 2015 – Forecast

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Updated: Aug 11, 2015, 11:21 UTC

Analysis and Recommendations: The EUR/USD reversed earlier losses to trade in the green adding 4 points to 1.1023 after news of a final finished deal with

EUR/USD Fundamental Analysis – August 12, 2015 - Forecast

Analysis and Recommendations:

The EUR/USD reversed earlier losses to trade in the green adding 4 points to 1.1023 after news of a final finished deal with Greece was announced. Traders are hoping to move forward and see the Eurozone on a recovery track with Greece turning the corner.

German is still wheeling from its loss in confidence during the height of Greek negotiations and the Greek exit last month. German investor sentiment continued to fall in August, a closely watched survey on Tuesday showed, adding ballast to fears Europe’s economic strongman is struggling.

ZEW’s economic sentiment index fell to 25.0 this month, from 29.7 points in July and 31.5 in June. This was its fifth consecutive month of declines.

“The German economic engine is still running smoothly. However, under the current geopolitical and global economic circumstances, a substantial improvement of the economic situation in Germany over the medium term is improbable. That is why economic sentiment has declined,” ZEW President Professor Clemens Fuest said in a press release on Tuesday.

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:

Cur.	Event	Actual	Forecast	Previous
GBP	BRC Retail Sales Monitor (YoY) (Jul)	1.2%	1.0%	1.8%
CNY	New Loans	1,480.0B	725.0B	1,280.0B
AUD	NAB Business Confidence (Jul)	4	11	8
EUR	German ZEW Current Conditions	65.7	64.3	63.9
EUR	German ZEW Economic Sentiment	25.0	32.0	29.7
EUR	ZEW Economic Sentiment	47.6	43.9	42.7

Upcoming Economic Events that you should be monitoring:

Wednesday, August 12, 2015

Cur.	Event	Actual	Forecast	Previous
USD	API Weekly Crude Oil Stock			-2.400M
JPY	Monetary Policy Meeting Minutes
AUD	Wage Price Index (QoQ) (Q2)		0.6%	0.5%
JPY	Industrial Production (MoM) (Jun)		0.8%	0.8%
JPY	Tertiary Industry Activity Index		0.1%	-0.7%
CNY	Fixed Asset Investment (YoY) (Jul)		11.5%	11.4%
CNY	Industrial Production (YoY) (Jul)		6.6%	6.8%
GBP	Claimant Count Change (Jul)		1.5K	7.0K
GBP	Unemployment Rate (Jun)		5.6%	5.6%
EUR	Industrial Production (MoM) (Jun)		-0.2%	-0.4%
USD	JOLTs Job Openings (Jun)		5.300M	5.363M
USD	Crude Oil Inventories			-4.407M
USD	Federal Budget Balance (Jul)		-132.0B	51.8B