By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP continued to decline in today’s trading as the euro remains weak ahead of the Eurogroup meetings, to review and implement the plan made at the EU Summit, on June 29th.
Markets are focused on this meeting with little else in the works.
The pound has had little support today in way of eco data, but for the week we will begin to see some numbers, that might support the GPB.
No one at this time can predict what we might expect from the Eurogroup meeting in the way of implementation or carry through of the initial plan. Announcements, News and statements will control currency values the rest of the trading day.
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 for July 9, 2012 actual v. forecast
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 09 |
00:50 |
JPY |
Adjusted Current Account |
0.28T |
0.42T |
0.29T |
|
02:30 |
CNY |
Chinese CPI (YoY) |
2.2% |
2.3% |
3.0% |
|
|
02:30 |
CNY |
Chinese PPI (YoY) |
-2.1% |
-1.9% |
-1.4% |
|
|
02:30 |
CNY |
Chinese CPI (MoM) |
-0.6% |
-0.3% |
-0.3% |
|
|
06:45 |
CHF |
Unemployment Rate |
2.9% |
3.2% |
2.9% |
|
|
13:30 |
EUR |
ECB President Draghi Speaks |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 10 |
6:45 |
EUR |
1.5% |
|
|
8:30 |
GBP |
-0.7% |
||
|
8:30 |
GBP |
-10.1B |
||
|
14:00 |
GBP |
0.1% |
||
|
Jul 11 |
12:30 |
USD |
-50.1B |
|
|
14:30 |
USD |
-4.3M |
||
|
Jul 12 |
9:00 |
EUR |
-0.8% |
|
|
12:30 |
USD |
|||
|
12:30 |
USD |
-1.0% |
||
|
18:00 |
USD |
-124.6B |
||
|
7:15 |
CHF |
-0.2% |
||
|
Jul 13 |
12:30 |
USD |
-1.0% |
|
|
13:55 |
USD |
73.2 |
Click here for updated EUR/GBP News.
Originally posted here
