EUR/JPY Fundamental Analysis August 22, 2012, Forecast

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendations:

The EUR/JPY declined to trade at 97.99 on Tuesday morning. The EUR/JPY cross is in a struggle as the Euro slightly bounces from recent downside in the FX market while the Japanese Yen strengthens since the US session on a wave of “risk off” sentiment. 

The ECB fully rejected Der Spiegel’s report about the plan to cap yields in the Spanish and Italian bond markets, and German officials also criticized the idea if to be true. As expected, the ECB didn’t buy any bonds last week. The euro has been trading stronger against the USD. The EUR/JPY is currently moving in the same relative terms as the EUR/USD since the greenback is trading sideways against the Japanese Yen. The Euro is on the move, downwardly, as rumors about the ECB’s plan to cap yields in the Spanish and Italian bond markets, meaning unlimited buying, are being rejected by the central bank itself, after previous German denials. 

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 21, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 21

 

AUD

 

 

 

Monetary Policy Meeting Minutes 

 

 

 

 

 

 

 

 

 

NZD

 

 

 

Credit Card Spending (YoY) 

0.1%

 

 

 

3.9% 

  

 

 

NZD

 

 

 

Inflation Expectations (QoQ) 

2.3%

 

 

 

2.4% 

 

 

 

 

JPY

 

 

 

All Industries Activity Index (MoM) 

0.2%

 

0.3% 

 

-0.2% 

  

 

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

Aug. 22

00:50

 

JPY

 

 

Trade Balance 

 

-0.46T 

-0.30T 

 

 

 

15:00

 

USD

 

 

Existing Home Sales 

 

4.52M 

4.37M 

 

 

 

19:00

 

USD

 

 

FOMC Meeting Minutes 

     

 

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
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

  View all of FX Empire Analyst - Barry Norman's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.