By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP climbed to 0.8114 adding 20 pips on the celebration of the Queens Jubilee. Today is a bank holiday in the UK and no markets are open in honor of the Queens celebration.
Heightening European economic worries led to pressure on the euro in the last week as the currency slipped around 0.7 percent. Economic data from the eurozone was also discouraging and led to views in the markets that the 17-nation eurozone would slowdown further, considering the unresolved debt crisis.
Italian Manufacturing Purchasing Managers’ Index (PMI) rose to 44.8-level in May as against previous mark of 43.8 in April. Italian Monthly Unemployment Rate rose to 10.2 percent in April from 10.1 percent in March. European Final Manufacturing was at 45.1-level in last month compared to 45-mark in April. European Unemployment Rate increased to 11 percent in April with respect to 10.9 percent in March.
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 4, 2012 actual v. forecast (virtually no eco data in Europe or the US today)
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 04 |
JPY |
Monetary Base (YoY) |
2.4% |
0.2% |
-0.3% |
|
AUD |
MI Inflation Gauge (MoM) |
0.0% |
0.3% |
||
|
AUD |
Company Gross Profits (QoQ) |
-4.0% |
-2.0% |
-6.5% |
|
|
AUD |
ANZ Job Advertisements (MoM) |
-2.40% |
-0.80% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Forecast |
Previous |
|
Jun 5 |
9:00 |
EUR |
0.3% |
|
|
10:00 |
EUR |
2.2% |
||
|
14:00 |
USD |
53.5 |
||
|
Jun 6 |
6th-8th |
GBP |
||
|
8:30 |
GBP |
55.8 |
||
|
10:00 |
EUR |
2.8% |
||
|
11:45 |
EUR |
1.00% |
1.00% |
|
|
12:30 |
EUR |
|||
|
12:30 |
USD |
-0.5% |
||
|
14:30 |
USD |
|||
|
18:00 |
USD |
|||
|
23:01 |
GBP |
-3.3% |
||
|
Jun 7 |
7:00 |
CHF |
235.6B |
|
|
7:15 |
CHF |
0.1% |
||
|
8:30 |
GBP |
53.3 |
||
|
TBD |
EUR |
|||
|
11:00 |
GBP |
325B |
||
|
11:00 |
GBP |
0.50% |
0.50% |
|
|
TBD |
GBP |
|||
|
12:30 |
USD |
383K |
||
|
14:00 |
USD |
|||
|
Jun 8 |
8:30 |
GBP |
-1.5% |
|
|
8:30 |
GBP |
3.5% |
||
|
TBD |
GBP |
|||
|
12:30 |
USD |
-51.8B |
||
|
14:00 |
USD |
Government Bond Auctions
Date Time Country
Jun 05 00:30 Japan
Jun 05 09:30 Belgium
Jun 05 14:30 Sweden
Jun 06 09:30 Germany
Jun 06 09:30 Portugal
Jun 06 14:30 UK
Jun 07 00:30 Japan
Jun 07 08:30 Spain
Jun 07 08:50 France
Jun 07 09:10 Sweden
Jun 07 15:00 US
Jun 08 10:00 Belgium
Jun 08 15:30 Italy
Click here for further EUR/GBP Forecast.
Originally posted here
