By FXEmpire.com

Analysis and Recommendations:

The EUR/GBP fell in today’s session closing at 0.8082 down 0.11%. The pound was strong today, gaining against all of its trading partners, although there was no support in the terms of eco data, or economic data from the UK, the pound was able to gain on the weakness of both the USD and the euro.

The dollar fell against most of its partners as the DI weakened over worries about the US economy.

The euro was strong against the USD but not elsewhere. In early trading market participants celebrated the positive moves from Spain and the EU to assemble an aid package to help the failing banks in Spain. It was not until later that investors started asking questions about the package and plan, most went unanswered as the EU had not actually prepared a plan.

Most of this week is thin on eco data, but it should be a week of news and statements and press releases. Also the US will see the FOMC meeting towards the end of the week, which is always full of surprises for the markets.

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 June 9-10-11, 2012 actual v. forecast ( today was very lite for all of Europe and the US. The Chinese Eco data, had the most effects on the markets )

Jun. 09

CNY

Chinese CPI (YoY)

3.0%

3.2%

3.4%

CNY

Chinese PPI (YoY)

-1.4%

-1.1%

-0.7%

CNY

Chinese CPI (MoM)

-0.3%

-0.1%

-0.1%

CNY

Chinese Fixed Asset Investment (YoY)

20.1%

20.0%

20.2%

CNY

Chinese Industrial Production (YoY)

9.6%

9.9%

9.3%

CNY

Chinese Retail Sales (YoY)

13.8%

14.3%

14.1%

Jun. 10

CNY

Chinese Trade Balance

18.70B

16.30B

18.40B

Jun. 11

JPY

BSI Large Manufacturing Conditions

-5.7

-2.4

-7.3

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Forecast

Previous

Jun 12

5:45

CHF

SECO Economic Forecasts

8:30

GBP

Manufacturing Production m/m

0.9%

12:30

USD

Import Prices m/m

-0.5%

14:00

GBP

NIESR GDP Estimate

0.1%

18:00

USD

Federal Budget Balance

59.1B

Jun 13

7:15

CHF

PPI m/m

-0.1%

9:00

EUR

Industrial Production m/m

-0.3%

12:30

USD

PPI m/m

-0.2%

12:30

USD

Retail Sales m/m

0.1%

14:00

USD

Business Inventories m/m

0.3%

14:30

USD

Crude Oil Inventories

-0.1M

Jun 14

7:30

CHF

Libor Rate

7:30

CHF

SNB Monetary Policy Assessment

7:30

CHF

SNB Press Conference

8:00

CHF

SNB Financial Stability Report

8:00

EUR

ECB Monthly Bulletin

9:00

EUR

CPI y/y

2.4%

12:30

USD

Unemployment Claims

377K

12:30

USD

CPI m/m

0.0%

12:30

USD

Current Account

-124B

Jun 15

8:30

GBP

Trade Balance

-8.6B

12:30

USD

Empire State Manufacturing Index

17.1

13:00

USD

TIC Long-Term Purchases

36.2B

13:15

USD

Capacity Utilization Rate

79.2%

13:15

USD

Industrial Production m/m

1.1%

13:55

USD

Prelim UoM Consumer Sentiment

79.3

Government Bond Auctions

Date Time Country

Jun 12 08:30 Holland

Jun 12 09:15 Austria

Jun 12 09:30 Belgium

Jun 12 09:30 UK

Jun 12 14:30 UK

Jun 12 17:00 US

Jun 13 09:10 Italy

Jun 13 09:30 Germany

Jun 13 09:30 Swiss

Jun 13 17:00 US

Jun 14 09:10 Italy

Jun 14 09:30 UK

Jun 14 15:00 US

Jun 14 17:00 US

Click here a current EUR/GBP Chart.

Originally posted here