GBP/USD Analysis Forecast – June 15, 2015 – Forecast

gbpusd friday bnsAnalysis and Recommendations (GBP/USD Forecast):

The GBP/USD eased down by 17 points to trade at 1.5501 as the US dollar regained its composure.  The dollar traded higher against its rivals on Friday, as worries surrounding Greece continued to build, though some investors were headed to the sidelines ahead of next week’s U.S. Federal Open Market Committee meeting.

Investors continue to watch headlines related to Greece after the International Monetary Fund halted bailout talks with the troubled nation on Thursday, citing a lack of progress over talks, while European leaders suggested negotiations were nearing an endgame.

The pound slipped from a near-three-week high against the dollar on Thursday after a speech from the head of the Bank of England offered investors no clues as to when interest rates might be lifted from their historic lows.

ForexTraq 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 for GBP/USD in our weekly reports.

Today’s economic releases actual vs. forecast:

Cur. Event Actual Forecast Previous
Russia – Russia Day
  NZD Business NZ PMI (May) 51.5 51.8
  JPY Industrial Production (MoM) 1.2% 1.0% 1.0%
  JPY Tertiary Industry Activity Index -0.2% 0.4% -1.0%
  EUR Spanish CPI (YoY) (May) -0.2% -0.2% -0.6%
  EUR Spanish HICP (YoY) (May) -0.3% -0.3% -0.3%
  EUR Industrial Production (MoM) 0.3% -0.3%

 gbpusd fri

Upcoming Economic Events that you should be monitoring:

Monday, June 15, 2015

Cur. Event Actual Forecast Previous
  CHF Retail Sales (YoY) (Apr) -2.8%
  CHF PPI (MoM) (May) -2.1%
  EUR Trade Balance (Apr) 23.4B
  RUB Interest Rate Decision (Jun) 11.50% 12.50%
  USD NY Empire State Manufacturing 5.20 3.09
  CAD Manufacturing Sales (MoM) 2.9%
  USD Industrial Production (MoM) 0.2% -0.3%

Government Bond Auctions

Date Time Country

Jun 15 00:00 UK New 30 year I/L syndicated Gilt auction

Jun 17 11:03 Sweden Holds bond auction

Jun 17 11:30 Germany Eur 3bn Feb 2025 Bund

Jun 18 10:30 Spain Auctions Bonos/Obligations

Jun 18 11:10 France Auctions BTANs

Jun 18 12:10 France Auctions OATi

Jun 18 17:00 US Details 2-year FRNs

Jun 18 17:00 US Announces details of 2/5/7 year notes

Jun 18 18:00 US Auctions 30-year TIPs sale on 24 Jun


GBP/USD analysis forecast

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