By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP is trading at 0.7846 down a few pips off by 0.0009 as the euro lost a bit of its momentum.
Eurozone current account came in at +15.7bn; while the trade balance came in at +10.5bn partially driven by an m/m export increase of 2.4%. Finland’s foreign minister confirmed that they have prepared for break-up scenarios; but later suggested that his comments were misrepresented in the media.
There was no eco data in the UK, so the movement here was just market fluctuations and in response to the euro, but there was little activity anywhere in the markets today.
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 August 17, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
EUR |
German PPI (MoM) |
0.0% |
0.4% |
-0.4% |
|
|
EUR |
German PPI (YoY) |
0.9% |
1.3% |
1.6% |
|
|
EUR |
Current Account |
12.7B |
11.1B |
10.3B |
|
|
EUR |
Trade Balance |
10.5B |
5.4B |
6.8B |
|
|
Core CPI (MoM) |
-0.1% |
0.2% |
-0.4% |
||
|
CAD |
CPI (MoM) |
-0.1% |
0.2% |
-0.4% |
|
|
CAD |
CPI (YoY) |
1.3% |
2.0% |
1.5% |
|
|
USD |
Michigan Consumer Sentiment |
73.6 |
72.4 |
72.3 |
|
|
USD |
Michigan Inflation Expectations |
3.6% |
3.0% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 21 |
8:30 |
GBP |
Public Sector Net Borrowing |
12.1B |
|
10:00 |
GBP |
CBI Industrial Order Expectations |
-6 |
|
|
Aug 22 |
14:00 |
USD |
Existing Home Sales |
4.37M |
|
14:30 |
USD |
Crude Oil Inventories |
-3.7M |
|
|
18:00 |
USD |
FOMC Meeting Minutes |
Click here a current EUR/GBP Chart.
Originally posted here
