EUR/JPY Fundamental Analysis August 27, 2012, Forecast

Posted August 24, 2012 5:24 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY continued its climb as the euro maintained its strength. Euro rose to a seven-week high against the dollar, after business activity surveys in France and Germany were not as bad as feared, lifting some of the pessimism surrounding the region’s economy.

Whereas the JPY is dealing with disappointing trade numbers and ongoing political turmoil as risk aversion leaves the markets.

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 24, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 24

AUD

RBA Governor Stevens Speaks

JPY

CSPI (YoY)

-0.2%

-0.2%

-0.4%

AUD

CB Leading Index (MoM)

0.2%

0.3%

Upcoming Economic Events that affect the AUD, NZD, JPY and USD ( very light day )

Date		Currency		Previous
Mon Aug 27	27th-28th	EUR	German Import Prices m/m	-1.5%
	All Day	GBP	Bank Holiday
	12:15pm	USD	FOMC Member Pianalto Speaks
	Tentative	AUD	HIA New Home Sales m/m	2.8%

Government Bond Auctions

Date Time Country

23/8 05:45 Japan

23/8 11:30 UK

23/8 19:00 US

27/8 11:30 Germany

28/8 10:30 Spain

28/8 11:00 Italy

28/8 19:00 US

29/8 11:00 Italy

29/8 19:00 US

30/8 05:35 Japan

30/8 11:00 Italy

30/8 19:00 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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