By FXEmpire.com
Analysis and Recommendations:
The EUR/GBP closed out the week at 0.8063 up .0025 pips. The pair seesawed most of the day, as investors had little to trade on, no eco data and virtually no news, it seems that all the world was focused on Facebook
In an unexpected reversal, MPC member Adam Posen has tempered his optimism and his opinion on the need to end simulative monetary policy. Posen, who had been one of the more vocal doves on the MPC had recently shifted his outlook given an elevated concern for inflation.
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.
Eco Data for May 18, 2012 actual v. forecast
May 18 |
13:30 |
Core CPI (MoM) |
0.4% |
0.3% |
0.3% |
|
13:30 |
CAD |
CPI (MoM) |
0.4% |
0.3% |
0.4% |
|
13:30 |
CAD |
CPI (YoY) |
2.0% |
2.0% |
1.9% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
May 21 |
5:45 |
CHF |
-18 |
-19 |
|
May 22 |
8:30 |
GBP |
3.5% |
||
8:30 |
GBP |
15.9B |
|||
8:30 |
GBP |
3.6% |
|||
TBD |
GBP |
||||
14:00 |
USD |
4.48M |
|||
May 23 |
8:00 |
EUR |
-1.3B |
||
8:30 |
GBP |
0-0-9 |
|||
TBD |
EUR |
-1.2% |
|||
10:00 |
GBP |
-8 |
|||
TBD |
GBP |
||||
14:00 |
USD |
328K |
|||
14:30 |
USD |
||||
May 24 |
6:00 |
CHF |
1.69B |
||
7:00 |
EUR |
46.9 |
|||
7:00 |
EUR |
45.2 |
|||
7:30 |
EUR |
46.2 |
|||
7:30 |
EUR |
52.2 |
|||
8:00 |
EUR |
109.9 |
|||
8:00 |
EUR |
45.9 |
|||
8:00 |
EUR |
46.9 |
|||
8:30 |
GBP |
1.8% |
|||
8:30 |
GBP |
-0.2% |
|||
8:30 |
GBP |
31.9K |
|||
8:30 |
GBP |
-3.3% |
|||
12:30 |
USD |
||||
12:30 |
USD |
-4.0% |
|||
13:00 |
EUR |
-10.7 |
|||
May 25 |
6:00 |
EUR |
5.6 |
||
7:15 |
CHF |
4.04M |
|||
TBD |
ALL |
||||
13:55 |
USD |
Government Bond Auctions (this week)
Date Time Country
May 21 09:10 Norway
May 21 09:30 Germany
May 21 10:00 Belgium
May 22 08:30 Holland
May 22 08:30 Spain
May 22 17:00 US
May 23 09:10 Sweden
May 23 09:30 Germany
May 23 14:30 Sweden
May 23 17:00 US
May 24 15:30 Italy
May 24 17:00 US
May 25 15:30 Italy
Click here a current EUR/GBP Chart.
Originally posted here