By FXEmpire.com
Analysis and Recommendations:
The GBP/USD fell by a few pips to trade at 1.5794. This pair followed to overall tone of the markets today, with little data and a quiet political scene, the markets were less volatile and volume was down as investors appreciated a quiet trading day.
In the UK the house price index was reported at zero having little effect on the market.
Statements over the weekend by the G8 did little to really encourage the markets, their statement was to the effect that they would hate to see Greece leave the euro and that they will do all they can to keep Greece in the euro.
Also over the weekend, the Chinese Premier stated that China would do everything possible to ensure that economic stability and return of growth to China.
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 May 21, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
May 21 |
00:01 |
GBP |
0.0% |
2.9% |
|||
|
06:45 |
CHF |
-8 |
-15 |
-19 |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
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 |
Government Bond Auctions (this week)
Date Time Country
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 for further GBP/USD Forecast.
Originally posted here
