EUR/JPY Fundamental Analysis August 23, 2012, Forecast

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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

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