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Barry Norman
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EUR/JPY Fundamental Analysis December 17, 2012, Forecast
Analysis and Recommendations:

The EUR/JPY continues to climb reaching records highs. The pair is trading at 109.82 adding 43pips and is on course to break above the 110 price level. If markets see positive PMI data in the eurozone today, the pair should climb above the 110 price. The JPY remains weak as the Bank of Japan keeps adding stimulus in hopes of helping the economy recover but it is this weekend’s elections that are weighing on traders. With the front runner, Shinzo Abe the likely next Prime Minister, his economic and banking platform are uneven and worrisome to traders.

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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 14, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Dec. 14

 

CNY

 

 

Chinese HSBC Manufacturing PMI 

50.90

 

 

 

50.50 

 

 

 

 

JPY

 

 

Industrial Production (MoM) 

1.6%

 

1.8% 

 

1.8% 

 

 

 

 

SGD

 

 

Singaporean Retail Sales (YoY) 

-1.0%

 

-1.5% 

 

2.6% 

   

 

 

INR

 

 

Indian WPI (YoY) 

7.24%

 

7.57% 

 

7.45% 

 

 

 

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date

Time

Currency

Event

Forecast

Previous

Dec. 17 

13:30

USD

NY Empire State Manufacturing Index 

-0.5 

-5.2 

 

14:00

USD

TIC Net Long-Term Transactions 

 

3.3B 

Government Bond Auction

Date Time Country 

Dec 17 10:10 Norway 

Dec 17 18:00 US 

Dec 18 01:30 Japan 

Dec 18 09:30 Spain 

Dec 18 10:10 Greece 

Dec 18 18:00 US 

Dec 19 18:00 US 

Dec 20 10:30 UK 

Dec 20 16:30 Italy  

Dec 20 18:00 US 

Dec 21 16:30 Italy  

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