By FXEmpire.com
Analysis and Recommendations:
The GBP/USD is trading at 1.5696 matching its opening and Friday’s close. There has been little activity all day in global markets.
This week’s economic releases include Tuesday’s public finance data and Friday’s Q2 GDP figures (first revision), the latter of which are expected to show an improvement from the initial print of -0.7% q/q. GBPUSD is currently at the upper end of its two month range, near 1.5700, having fully retraced its losses from early August. Meanwhile, Andrew Sentance, a former member of the BoE’s MPC is arguing against further monetary stimulus and is in favor of a greater allocation of government spending toward infrastructure and education
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 August 20, 2012 actual v. forecast
A very lite day
|
Aug. 16 |
NZD |
PPI Input (QoQ) |
0.6% |
-0.2% |
0.3% |
||
|
Aug. 17 |
USD |
Michigan Consumer Sentiment |
73.6 |
72.4 |
72.3 |
||
|
Aug. 20 |
GBP |
Rightmove House Price Index (MoM) |
-2.4% |
-1.7% |
|||
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 22 |
14:00 |
USD |
4.37M |
|
|
14:30 |
USD |
-3.7M |
||
|
18:00 |
USD |
|||
|
Aug 23 |
6:00 |
CHF |
2.25B |
|
|
7:00 |
EUR |
43.4 |
||
|
7:00 |
EUR |
50.0 |
||
|
7:30 |
EUR |
43.0 |
||
|
7:30 |
EUR |
50.3 |
||
|
8:00 |
EUR |
44.0 |
||
|
8:00 |
EUR |
47.9 |
||
|
8:30 |
GBP |
26.3K |
||
|
10:00 |
GBP |
11 |
||
|
12:30 |
USD |
366K |
||
|
13:00 |
USD |
51.4 |
||
|
14:00 |
USD |
350K |
Click here a current GBP/USD Chart.
Originally posted here
