EUR/JPY Fundamental Analysis August 23, 2012, Forecast

Posted August 22, 2012 5:43 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY dipped in early Asian trading, to 98.84, although yesterday the pair made a miraculous climb on the back of the strength of the euro after investors turned positive on hopes that the ECB had plans in the marking to support markets and that the EU leadership was coming to a more convenient and moderate stance with Germany backing down on their harsh demands.

In Japan this morning, trade balance figures were released showing a widening gap, more than expected, which will weigh on the JPY.

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 23, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Aug. 22	JPY	Trade Balance	-0.33T	-0.46T	-0.32T
	AUD	MI Leading Index (MoM)	0.5%		0.9%
	TWD	Taiwanese Unemployment Rate	4.25%	4.30%	4.24%

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

Date	Time	Currency	Event	Forecast	Previous
Aug 23	7:30pm	AUD	RBA Gov Stevens Speaks
	8:00pm	AUD	CB Leading Index m/m		0.4%
	3:45am	JPY	BOJ Gov Shirakawa Speaks
	8:30am	USD	Core Durable Goods Orders m/m	0.5%	-1.4%
Aug 24	1:00am	AUD	CB Leading Index m/m
	8:45am	JPY	BOJ Gov Shirakawa Speaks		0.4%
	1:30pm	USD	Core Durable Goods Orders m/m	0.5%	-1.4%
	1:30pm	USD	Durable Goods Orders m/m	2.8%	1.3%

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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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