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EUR/JPY Fundamental Analysis January 1, 2013, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 02:00 UTC

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

EUR/JPY Fundamental Analysis January 1, 2013, Forecast

EUR/JPY Fundamental Analysis January 1, 2013, Forecast
EUR/JPY Fundamental Analysis January 1, 2013, Forecast
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 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

Chinese Manufacturing PMI 

51.00

50.60

Jan. 02

15:00

USD

ISM Manufacturing Index 

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

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