EUR/JPY Fundamental Analysis August 16, 2012, Forecast

Posted August 15, 2012 5:45 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY added 0.07 pips this morning to trade at 97.09. The euro has held pretty steady against a strong USD, but the JPY has begun to show weakness, after several weeks of poor eco data. As risk aversion leaves the marketplace and traders continue to move into higher risk assets, the JPY is left hanging. The USD was finally able to get a firmer footing against the yen and breakout of its trading range.

The euro remains strong on hopes that we will see some action from the ECB, with news flow to a minimum, Spain, Greece and Italy have been quiet.

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 15, 2012 actual v. forecast

Date

Time

Currency

Event

Actual

Forecast

Previous

Aug. 15

01:30

AUD

Westpac Consumer Sentiment

-2.50%

3.70%

02:30

AUD

Wage Price Index (QoQ)

1.0%

0.8%

0.9%

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

Date	Time	Currency	Event	Forecast	Previous
Aug 16	1:00	AUD	MI Inflation Expectations		3.3%
	12:30	USD	Building Permits	0.77M	0.76M
	12:30	USD	Unemployment Claims	365K	361K
	12:30	USD	Housing Starts	0.76M	0.76M
	14:00	USD	Philly Fed Manufacturing Index	-4.3	-12.9
	22:45	NZD	PPI Input q/q		0.3%
Aug 17	13:55	USD	Prelim UoM Consumer Sentiment	72.5	72.3

Government Bond Auctions

Date Time Country

Aug 16 09:30 UK

Aug 16 15:00 US

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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