EUR/GBP Fundamental Analysis June 15, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

The EUR/GBP is currently holding at 0.8103 adding 0.0005 in today’s session. The euro had little support today, with everything in the eurozone still negative, but investors moved from the USD after several poor eco reports, which allowed the euro to gain.

Whereas sterling had little support and no eco data, so the pair marched to the tune of the euro.

Spanish yields rose again today, surpassing the 7% level and reaching a new high for the eurozone.

With little direction from Greece as the polls are too close to call the outcome of this weekend’s election remains up in the air.

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 14, 2012 actual v. forecast

Date	Time	Event	Actual	Forecast	Previous
Jun. 14	05:30	Industrial Production (MoM)	-0.2%	0.2%	0.2%
08:30	Interest Rate Decision	0.00%	0.00%	0.00%
08:30	SNB Chairman Thomas Jordan speaks
09:00	ECB Monthly Report
10:00	CPI (YoY)	2.4%	2.4%	2.4%
10:00	Core CPI (YoY)	1.6%	1.6%	1.6%
13:30	Core CPI (MoM)	0.2%	0.2%	0.2%
13:30	CPI (MoM)	-0.3%	-0.2%	0.0%
13:30	Current Account	-137.3B	-132.3B	-118.7B
13:30	Initial Jobless Claims	386K	375K	380K
13:30	Continuing Jobless Claims	3278K	3269K	3311K
13:30	CPI (YoY)	1.7%	1.8%	2.3%
13:30	Core CPI (YoY)	2.3%	2.2%	2.3%

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

Date	Time	Currency	Event	Previous
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

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Originally posted here