By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP is trading at 0.7874, as the euro continues to trend lower against most of its trading partners. There seems to be slow burn in the EU, a feeling of desperation and heavy weight or the dark clouds before the storm. Investors are fleeing the euro and everything it touches.
Spain, Italy and Greece, are quietly crumbling, as civil unrest begins to stir. Too many analysts are starting to believe that the EU has now missed the boat. That it is too late to save the EU with long term pacts and financial unions, when the EU is falling apart today.
In the UK, comments were made today, about ability of one’s own central bank being able to print money and help an economy pull itself upwards.
The BoE and the Finance Ministry launched their new program to increase bank lending.
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 July 13, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
Jul. 13 |
03:00 |
CNY |
Chinese Fixed Asset Investment (YoY) |
20.4% |
20.1% |
20.1% |
|
|
03:00 |
CNY |
Chinese GDP (YoY) |
7.6% |
7.6% |
8.1% |
||
|
03:00 |
CNY |
Chinese Industrial Production (YoY) |
9.5% |
9.8% |
9.6% |
||
|
03:00 |
CNY |
Chinese Retail Sales (YoY) |
13.7% |
13.5% |
13.8% |
||
|
05:30 |
JPY |
Industrial Production (MoM) |
-3.4% |
-3.1% |
-3.1% |
||
|
08:15 |
CHF |
PPI (MoM) |
-0.3% |
-0.4% |
-0.2% |
||
|
10:30 |
EUR |
Italian 10-Year BTP Auction |
5.82% |
6.19% |
|||
|
13:30 |
USD |
Core PPI (MoM) |
2.0% |
0.2% |
0.2% |
||
|
13:30 |
USD |
PPI (MoM) |
1.0% |
-0.5% |
-1.0% |
||
|
14:55 |
USD |
Michigan Consumer Sentiment |
73.4 |
73.2 |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jul 16 |
7:15 |
CHF |
Industrial Production q/q |
-7.5% |
8.8% |
|
9:00 |
EUR |
CPI y/y |
2.4% |
||
|
12:30 |
USD |
Retail Sales m/m |
-0.2% |
||
|
12:30 |
USD |
Empire State Manufacturing Index |
2.3 |
||
|
14:00 |
USD |
Business Inventories m/m |
0.4% |
||
|
Jul 17 |
8:30 |
GBP |
CPI y/y |
2.8% |
|
|
9:00 |
EUR |
German ZEW Economic Sentiment |
-16.9 |
||
|
9:15 |
ALL |
G7 Meetings |
|||
|
12:30 |
USD |
CPI m/m |
-0.3% |
||
|
13:00 |
USD |
TIC Long-Term Purchases |
25.6B |
||
|
13:15 |
USD |
Industrial Production m/m |
-0.1% |
||
|
Jul 18 |
8:30 |
GBP |
Claimant Count Change |
8.1K |
|
|
8:30 |
GBP |
Unemployment Rate |
8.2% |
||
|
9:00 |
CHF |
ZEW Economic Expectations |
-43.4 |
||
|
12:30 |
USD |
Building Permits |
0.78M |
||
|
12:30 |
USD |
Housing Starts |
0.71M |
||
|
14:30 |
USD |
Crude Oil Inventories |
-4.7M |
||
|
Jul 19 |
6:00 |
CHF |
Trade Balance |
2.48B |
|
|
8:00 |
EUR |
Current Account |
4.6B |
||
|
8:30 |
GBP |
Retail Sales m/m |
1.4% |
||
|
12:30 |
USD |
Unemployment Claims |
|||
|
14:00 |
USD |
Existing Home Sales |
4.55M |
||
|
14:00 |
USD |
Philly Fed Manufacturing Index |
-16.6 |
||
|
Jul 20 |
6:00 |
EUR |
German PPI m/m |
-0.3% |
|
|
8:30 |
GBP |
Public Sector Net Borrowing |
15.6B |
Click here a current EUR/GBP Chart.
Originally posted here
