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Analysis and Recommendations:
The EUR/GBP eased as the pound continued to be the best market performer, pushing the euro to trade at 0.8404 down by 11 points. The pound gained after Bank of England Governor Mark Carney said on Thursday the British economy was gaining momentum. He was interpreted by investors as making no attempt to temper the recent rise in short-term interest rates. The market is currently pricing in the risk of a rate hike as soon as late 2014. The pound firmed slightly against the euro, which was down 0.1 per cent at 84.04 pence. Earlier this week, the euro dropped to 83.83 pence, its lowest since late January. The UK has experienced a substantial improvement in activity indicators in recent months … This economic strength will likely support capital inflows, which will offset some of the external vulnerability linked to the relatively large current account deficit.
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 September 13, 2013 actual v. forecast
Upcoming Economic Events that affect the CHF, EUR, GBP, CAD and USD
Government Bond Auction
Date Time Country
Sep 16 09:00 Slovakia
Sep 16 09:10 Norway
Sep 17 08:30 Spain
Sep 17 09:30 Belgium
Sep 18 09:10 Sweden
Sep 18 09:30 Germany
Sep 18 09:30 Portugal
Sep 19 08:30 Spain
Sep 19 08:50 France
Sep 19 09:30 UK
Sep 19 09:50 France
Sep 19 15:00 US
Sep 19 17:00 US
Sep 20 15:30 Italy
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