EUR/JPY Fundamental Analysis September 3, 2012, Forecast
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Analysis and Recommendations:
The EUR/JPY is trading at 98.16, which is absolutely amazing. The euro weakened towards the end of Thursday’s trade and remains weak, as trades have kind of turned their focus from Jackson Hole to Spain and worries over the EU debt crisis resurface.
Until ECB President Draghi unveils his plans for stimulus and bond buying for the EU, markets are becoming negative. Spain is really the big damper, as traders are looking closely at their debt and the games that the Spanish and Greeks are playing with the EU, the ECB and the IMF.
In Japan today, the monthly eco data parade took place, overall the reports were market negative and are listed below.
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 31, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Aug. 31 |
|
KRW |
|
|
South Korean Industrial Production (YoY) |
0.3% |
|
0.5% |
|
1.4% |
||
|
|
|
KRW |
|
|
South Korean Service Sector Output (MoM) |
0.70% |
|
|
|
-0.20% |
||
|
|
|
KRW |
|
|
South Korean Industrial Production (MoM) |
-1.6% |
|
-1.0% |
|
-0.6% |
||
|
|
|
GBP |
|
|
GfK Consumer Confidence |
-29 |
|
-27 |
|
-29 |
|
|
|
|
|
JPY |
|
|
Manufacturing PMI |
47.7 |
|
|
|
47.9 |
|
|
|
|
|
JPY |
|
|
Unemployment Rate |
4.3% |
|
4.3% |
|
4.3% |
|
|
|
|
|
JPY |
|
|
Tokyo Core CPI (YoY) |
-0.5% |
|
-0.6% |
|
-0.6% |
|
|
|
|
|
JPY |
|
|
National Core CPI (YoY) |
-0.3% |
|
-0.3% |
|
-0.2% |
|
|
|
|
|
JPY |
|
|
Household Spending (YoY) |
1.7% |
|
1.2% |
|
1.6% |
|
|
|
|
|
JPY |
|
|
Industrial Production (MoM) |
-1.2% |
|
1.7% |
|
0.4% |
|
|
|
|
|
AUD |
|
|
Private Sector Credit (MoM) |
0.2% |
|
0.4% |
|
0.3% |
|
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 03 |
00:00 |
|
KRW |
|
|
South Korean CPI (YoY) |
|
|
1.4% |
|
1.5% |
|
|
|
|
00:00 |
|
KRW |
|
|
South Korean CPI (MoM) |
|
|
0.5% |
|
-0.2% |
|
|
|
|
02:30 |
|
AUD |
|
|
Company Gross Operating Profits (QoQ) |
|
|
1.0% |
|
-4.0% |
|
|
|
|
02:30 |
|
AUD |
|
|
Retail Sales (MoM) |
|
|
0.2% |
|
1.0% |
|
Government Bond Auction
Date Time Country
Sep 03 09:10 Norway Bond auction
Sep 03 10:00 Belgium OLO auction
Sep 04 00:30 Japan Auctions 10Y JGBs
Sep 04 09:15 Austria Bond auction
Sep 04 09:30 Belgium Auctions Dec 2012 (3M) & Feb 2013 (6M) T-bills
Sep 04 14:30 UK Details 0.75% 2034 I/L Gilt & 1.75% Sep 2022 Gilt on Sep
Sep 05 09:10 Sweden Nominal bond auction
Sep 05 09:30 Germany Eur 5.0bn Sep 2022 Bund auction
Sep 05 09:30 UK 4.5% 2042 Gilt auction
Sep 06 00:30 Japan Auctions 30Y JGBs
Sep 06 08:30 Spain Bono auction
Sep 06 08:50 France OAT auction
Sep 06 09:10 Sweden I/L bond auction
Sep 06 15:00 US Announces 3Y Notes on Sep 11, 10Y Notes on Sep 12 &
Sep 07 15:30 Italy
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