Analysis and Recommendations: The EUR/JPY is trading flat at 113.58, with the euro dipping a bit this morning as traders turn back to risk aversion while
The EUR/JPY is trading flat at 113.58, with the euro dipping a bit this morning as traders turn back to risk aversion while many have sold off the euro to take profits before year end. With the uncertainties in the US traders seem to be moving back to the US dollar as a safety net this morning, while US equity futures are tumbling in predawn trading.
US lawmakers have been unable to seal a deal to avoid tax changes and budget cuts automatically taking effect at midnight tonight. Even at this late moment lawmakers are trying to cut a last minute deal, but late last night party leaders said they had reached an impasse. Most political watchers say it is too late to get an agreement, get a bill written and a vote completed ahead of the deadline.
There is no data on the calendar for today as markets in Asia close shortly and European markets are only trading a short day with markets closed tomorrow.
I would like to take this time to wish my readers a happy and healthy New Year and a year full of successful trading.
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 31, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 31 |
|
AUD |
|
|
Private Sector Credit (MoM) |
0.0% |
|
0.3% |
|
0.1% |
|
|
|
|
CNY |
|
|
Chinese HSBC Manufacturing PMI |
51.50 |
|
50.90 |
|
50.90 |
|
|
|
|
SGD |
|
|
Singaporean Bank Landing (MoM) |
481.70B |
|
|
|
479.40B |
|
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Jan. 01 |
01:00 |
CNY |
51.00 |
50.60 |
|
Jan. 02 |
15:00 |
USD |
50.2 |
49.5 |
Upcoming Government Bond
Date Time Country
Thursday, January 5: France will auction an estimated €7-8 billion ($9.1-10.4 billion) in 10-year and other long-term bonds
Tuesday, January 10: Austria will auction €1.3 billion ($1.7 billion) in 5- and 10-year bonds
Thursday, January 12: Spanish 3- and 5-year bond auction
Friday, January 13: Italy will auction medium-long term bonds
Thursday, January 19: France will auction 5-year bonds
Thursday, January 19: Spanish 10-, 15-, and 30-year bond auction
Thursday, January 26: Italian long-term bond auction
Monday, January 30: Italian medium-long term bond auction
Monday, January 30: Belgian bond auction