EUR/JPY Fundamental Analysis August 27, 2012, Forecast

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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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