By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP continued to dip today trading at 0.7835. What can one say, as the euro skyrocketed today on comments from the ECB President vowing to save the monetary union, Draghi noted the bank would not side by and allow the currency to crash. His comments supported the euro which added 200 points almost immediately. For some reason it could not gather strength against the pound.
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 26, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 26 |
KRW |
South Korean GDP (QoQ) |
0.4% |
0.5% |
0.9% |
|
JPY |
BoJ Governor Shirakawa Speaks |
||||
|
EUR |
GfK German Consumer Climate |
5.9 |
5.8 |
5.8 |
|
|
USD |
Core Durable Goods Orders (MoM) |
-1.1% |
0.1% |
0.8% |
|
|
USD |
Durable Goods Orders (MoM) |
1.6% |
0.4% |
1.6% |
|
|
USD |
Initial Jobless Claims |
353K |
380K |
388K |
|
|
USD |
Continuing Jobless Claims |
3287K |
3310K |
3317K |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 27 |
27th-31st |
GBP |
-0.6% |
|
|
All Day |
EUR |
-0.1% |
||
|
7:00 |
CHF |
1.16 |
||
|
12:30 |
USD |
1.9% |
||
|
13:55 |
USD |
72.0 |
Government Bond Auctions
Date Time Country
Jul 27 09:10 Italy
Jul 27 17:00 US
Click here to read EUR/GBP Technical Analysis.
Originally posted here
