Analysis and Recommendations: The EUR/JPY climbed this morning on the strength of the euro as the JPY continues to weaken. The pair is trading at 107.88
Analysis and Recommendations:
The EUR/JPY climbed this morning on the strength of the euro as the JPY continues to weaken. The pair is trading at 107.88 adding 64pips. With Greece settled for at least the present, and the Spanish banking disaster avoided, traders are watching the EU build plans for the future as they move ahead with their plans for a bank supervisor. The euro is trading on the strong side, while the JPY tumbles against all of its crosses on political and economic uncertainties. Politics in Japan are always filled with noise and threats, but the current contender, who is likely to be the next Prime Minister has a very unusual view of the economy and the role of the Bank of Japan. Traders are turning their backs on Shinto Abe as his economic platform is erratic and uncertain.
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 5, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
Dec. 05 |
|
AUD |
|
|
GDP (QoQ) |
0.5% |
|
0.6% |
|
0.6% |
|
|
AUD |
|
|
RBA Assist Gov Lowe Speaks |
|
|
|
|
|
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 07 |
00:30 |
AUD |
-2.05B |
-1.46B |
Government Bond Auction
Date Time Country
Dec 06 01:30 Japan
Dec 06 09:50 France
Dec 06 16:00 US
Dec 07 16:30 Italy