By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP is trading at 0.8018 as the euro is able to gain slightly on the GBP. It is a battle of the banks, with the ECB and the BoE each meeting on Thursday and each expected to have some positive action. The ECB is expected to cut rates .25% while the BoE is expected to offer additional monetary easing. There is little in the way of eco data today and Wednesday’s calendar is bare. US markets are closing early on Tuesday and will be closed on Wednesday for the 4th of July holiday, but the actual fireworks are expected to begin on Thursday with the bank meetings and continue with eco data on Friday.
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 Releases actual v. forecast July 3, 2012 ( today was almost void of eco data )
|
Jul. 03 |
AUD |
Building Approvals (MoM) |
27.3% |
5.1% |
-7.6% |
|
AUD |
Interest Rate Decision |
3.50% |
3.50% |
3.50% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jul 4 Jul 5 |
8:00 |
EUR |
46.8 |
46.8 |
|
|
8:30 |
GBP |
53.0 |
53.3 |
||
|
9:00 |
EUR |
0.2% |
-1.0% |
||
|
10:00 |
EUR |
0.2% |
-1.9% |
||
|
11:00 |
GBP |
0.50% |
0.50% |
||
|
11:45 |
EUR |
0.75% |
1.00% |
||
|
12:15 |
USD |
101K |
133K |
||
|
12:30 |
USD |
385K |
386K |
||
|
14:00 |
USD |
53.1 |
53.7 |
||
|
15:00 |
USD |
-0.1M |
|||
|
Jul 6 |
7:00 |
CHF |
303.8B |
||
|
7:15 |
CHF |
-0.3% |
0.0% |
||
|
8:30 |
GBP |
-2.1% |
-2.5% |
||
|
10:00 |
EUR |
0.3% |
-2.2% |
||
|
12:30 |
USD |
92K |
69K |
||
|
12:30 |
USD |
8.2% |
8.2% |
Click here a current EUR/GBP Chart.
Originally posted here
