EUR/JPY Fundamental Analysis – August 14, 2015 – Forecast

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Published: Aug 13, 2015, 04:02 UTC

Analysis and Recommendations: The EUR/JPY dipped 6 points as the euro gave back some of yesterday’s amazing gains. The pair is trading at 138.56. The

EUR/JPY Fundamental Analysis – August 14, 2015 – Forecast

Analysis and Recommendations:

The EUR/JPY dipped 6 points as the euro gave back some of yesterday’s amazing gains. The pair is trading at 138.56. The euro held a six-day gain versus the dollar amid speculation China’s devaluation caused investors to unwind trades that used the single currency to buy the yuan.

The single currency maintained its longest advance since April as the yuan’s drop helped the euro overtake the greenback as the refuge of choice amid concern China’s policy will discourage the Federal Reserve from raising interest rates next month.

A gauge of the euro against its developed-market peers climbed to the highest in seven months as the gap between the yields on German bunds — the euro area’s benchmark bond — and Treasuries narrowed to the tightest since June.

China set the reference rate for the yuan 1.1 percent weaker at 6.401 per dollar. It reduced it by a record 1.9 percent on Tuesday.

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.

Today’s economic releases:

Cur.	Event	Actual	Forecast	Previous
NZD	Business NZ PMI (Jul)	53.5		55.2
GBP	RICS House Price Balance (Jul)	44%	42%	40%
AUD	RBA Assist Gov Kent Speaks

Upcoming Economic Events that you should be monitoring:

Friday, August 14, 2015

Cur.	Event	Actual	Forecast	Previous
NZD	Core Retail Sales (QoQ)		0.7%	2.9%
EUR	German GDP (QoQ) (Q2)		0.5%	0.3%
EUR	Core CPI (YoY) (Jul)		1.0%	1.0%
EUR	CPI (MoM) (Jul)		-0.6%	0.0%
EUR	GDP (QoQ) (Q2)		0.4%	0.4%
USD	PPI (MoM) (Jul)		0.1%	0.4%
CAD	Manufacturing Sales (MoM) (Jun)		2.1%	0.1%
USD	Industrial Production (MoM) (Jul)		0.3%	0.3%
USD	Michigan Consumer Sentiment (Aug)		93.5	93.1