By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP is trading at 0.7887 as the euro continues to fall against the pound. Today the BoE revised down growth estimates for the UK and from his statement, it seems that there is no additional stimulus coming this year.
The euro continued to trade strong, but dipped today against most of its peers. News flow from the EU has been overall negative and what little eco data that was released has also been negative, taking a bit of tarnish off of the euro.
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 8, 2012 actual v. forecast
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
Aug. 08 |
JPY |
Adjusted Current Account |
0.77T |
0.75T |
0.28T |
AUD |
Home Loans (MoM) |
1.3% |
2.0% |
-0.9% |
|
CHF |
SECO Consumer Climate |
-17 |
-4 |
-8 |
|
GBP |
BoE Inflation Report |
||||
EUR |
German 10-Year Bund Auction |
1.420% |
1.310% |
||
EUR |
German Industrial Production (MoM) |
-0.9% |
-0.8% |
1.7% |
|
USD |
Nonfarm Productivity (QoQ) |
1.6% |
1.3% |
-0.5% |
|
USD |
Unit Labor Costs (QoQ) |
1.7% |
0.6% |
5.6% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Previous |
Aug 9 |
8:00 |
EUR |
||
8:30 |
GBP |
-8.4B |
||
12:30 |
USD |
-48.7B |
||
12:30 |
USD |
|||
Aug 10 |
6:45 |
EUR |
-1.9% |
|
8:30 |
GBP |
-2.2% |
||
12:30 |
USD |
-2.7% |
||
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
Aug 09 15:30 Italy
Aug 09 17:00 US
Aug 10 10:00 Belgium
Aug 13 09:10 Italy
Aug 13 09:10 Norway
Aug 13 09:30 Germany
Aug 14 09:10 Greece
Aug 14 09:10 Italy
Aug 14 09:30 Belgium
Aug 14 14:30 UK
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
Click here a current EUR/GBP Chart.
Originally posted here