EUR/JPY Fundamental Analysis August 14, 2012, Forecast

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Analysis and Recommendations:

The EUR/JPY is trading at 96.27 with the euro gaining this morning. The euro held fairly steady over the weekend and remains a bit under the 1.23 price against the USD. In Japan this morning, the quarterly and annual GDP numbers were released. Both came in well under forecast with QoQ tumbling to 0.2%, when markets were forecasting 0.6% and the previous quarter was at 1.3%. The Japanese economy is in trouble, last month most of the data out of Japan was negative. The Bank of Japan last week held rates and policies offering no assistance to the failing economy.

The euro continues to be supported by hopes of action by Mr. Draghi and the ECB.

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 recent analysis and information in our  weekly reports and we provide daily updates and outlooks

Economic Data August 13, 2012 actual v. forecast

Date

Time

 

Currency

 

Importance

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 13

00:50

 

JPY

 

 

 

GDP (QoQ) 

0.3%

 

0.6% 

 

1.3% 

   

 

00:50

 

JPY

 

 

 

GDP Price Index (YoY) 

-1.1%

 

-0.8% 

 

-1.3% 

   

 

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event 

Previous

Aug 14

1:30

AUD

NAB Business Confidence

-3

 

1:30

AUD

New Motor Vehicle Sales m/m

-0.6%

 

12:30

USD

Core Retail Sales m/m

-0.4%

 

12:30

USD

PPI m/m

0.1%

 

12:30

USD

Retail Sales m/m

-0.5%

 

14:00

USD

Business Inventories m/m

0.3%

Aug 15

0:30

AUD

Westpac Consumer Sentiment

3.7%

 

1:30

AUD

Wage Price Index q/q

0.9%

 

12:30

USD

Core CPI m/m

0.2%

 

12:30

USD

Empire State Manufacturing Index

7.4

 

13:00

USD

TIC Long-Term Purchases

55.0B

 

13:15

USD

Capacity Utilization Rate

78.9%

 

13:15

USD

Industrial Production m/m

0.4%

 

14:30

USD

Crude Oil Inventories

 

Aug 16

1:00

AUD

MI Inflation Expectations

3.3%

 

12:30

USD

Building Permits

0.76M

 

12:30

USD

Housing Starts

0.76M

 

14:00

USD

Philly Fed Manufacturing Index

-12.9

 

22:45

NZD

PPI Input q/q

0.3%

Aug 17

13:55

USD

Prelim UoM Consumer Sentiment

72.3

Government Bond Auctions

Date  Time  Country 

Aug 14  09:10  Greece 

Aug 14  09:10  Italy

Aug 14  09:30  Belgium

Aug 14  14:30  UK

Aug 15  09:10  Sweden

Aug 16  09:30  UK

Aug 16  15:00  US 

 

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About: FX Empire Analyst - Barry Norman

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