Analysis and Recommendations: The EUR/JPY is trading at 109.64 a number that I thought we would not see this year. The JPY continues to weaken with
Analysis and Recommendations:
The EUR/JPY is trading at 109.64 a number that I thought we would not see this year. The JPY continues to weaken with additional stimulus and political uncertainty as well as weak eco data, against a climbing euro that is still weak but is able to climb due to the decline in the DX as the US FOMC injected more stimulus into the markets yesterday. The US Fed introduced QE4 with new programs adding close to 1 trillion dollars to its balance sheet and changing its future decision making to tie directly to the employment rate of 6.5%.
Eurozone Ministers announced yesterday approved plans for a banking supervisor, which has been a long term goal for the EU, and helped support the euro in the short term.
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 December 13, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 13 |
|
KRW |
|
|
South Korean Interest Rate Decision |
2.75% |
|
2.75% |
|
2.75% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 14 |
04:30 |
JPY |
1.8% |
Government Bond Auction
Date Time Country
Dec 14 11:00 Belgium
Dec 14 15:30 UK