By FXEmpire.com
Analysis and Recommendations:
The GBP/USD is trading at 1.5743 adding 0.0018. which is surprising, as there were two jobs reports released in the UK today, Average Earning Index which rose above forecast, which was positive, but the report is fairly minor, but it is combined with the Claimant Count, which shows the change in unemployment claims, markets were expecting a decline of 3k but reports showed a rise of over 8k. This was a large negative.
The strength in the GBP was more due to a decline in the USD as investors expect the FOMC to introduce additional monetary programs in their decision later today.
The USD fell against most of its trading partners in mid day US trading ahead of the release.
Otherwise investors was of a more positive sentiment as the New Democracy announced that it was able to form a coalition government.
Spain continued to worry the markets, with rising borrowing costs.
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 for June 20, 2012 actual. v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
JPY |
Trade Balance |
-0.66T |
-0.36T |
-0.51T |
|
|
GBP |
Average Earnings Index +Bonus |
1.4% |
0.8% |
0.9% |
|
|
GBP |
Claimant Count Change |
8.1K |
-3.0K |
-12.8K |
|
|
USD |
Interest Rate Decision |
0.25% |
0.25% |
||
|
USD |
FOMC Statement |
||||
|
USD |
Fed Chairman Bernanke Speaks |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 21 |
6:00 |
CHF |
1.33B |
||
|
7:00 |
EUR |
44.7 |
|||
|
7:00 |
EUR |
45.1 |
|||
|
7:15 |
CHF |
7.9% |
|||
|
7:30 |
EUR |
45.2 |
|||
|
7:30 |
EUR |
51.8 |
|||
|
8:00 |
EUR |
9.1B |
|||
|
8:00 |
EUR |
45.1 |
|||
|
8:00 |
EUR |
46.7 |
|||
|
8:30 |
GBP |
-2.3% |
|||
|
10:00 |
GBP |
-17 |
|||
|
12:30 |
USD |
386K |
|||
|
13:00 |
USD |
54.0 |
|||
|
14:00 |
USD |
4.62M |
|||
|
14:00 |
USD |
-5.8 |
|||
|
Jun 22 |
8:00 |
EUR |
106.9 |
||
|
All Day |
EUR |
||||
|
13:00 |
EUR |
-11.2 |
Upcoming Government Bond Auctions
Date Time Country
Jun 21 08:30 Spain
Jun 21 08:50 France
Jun 21 09:30 UK
Jun 21 09:50 France
Jun 21 15:00 US
Jun 21 17:00 US
Jun 22 15:30 Italy
Jun 25 09:10 Norway
Jun 25 09:30 Germany
Jun 25 10:00 Belgium
Jun 25 15:30 Italy
Jun 26 00:30 Japan
Jun 26 08:30 Holland
Jun 26 08:30 Spain
Jun 26 09:10 Italy
Jun 26 09:30 UK
Jun 26 14:30 UK
Jun 26 17:00 US
Click here to read GBP/USD Technical Analysis.
Originally posted here
