EUR/JPY Fundamental Analysis November 24, 2015 – Forecast

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Published: Nov 23, 2015, 04:55 UTC

Analysis and Recommendations: The EUR/JPY started the new week at 130.77 flat with Japanese markets closed for a domestic holiday. The euro continued to

EUR/JPY Fundamental Analysis November 24, 2015 – Forecast

Analysis and Recommendations:

The EUR/JPY started the new week at 130.77 flat with Japanese markets closed for a domestic holiday. The euro continued to dip as traders prepare for today’s Manufacturing PMI data as well as the heightened security due to terrorist alerts throughout the Eurozone. The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the US dollar, while activity in Asian shares was crimped by a holiday in Japan.

The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the U.S. dollar, while activity in Asian shares was crimped by a holiday in Japan.

The strength of the dollar also combined with worries about Chinese demand to clobber commodity prices again, sending copper to its lowest in over six years. The head of the European Central Bank, Mario Draghi, and last week offered the strongest hint yet that the ECB will unveil fresh stimulus measures at its Dec. 3 policy meeting.

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.

Today’s economic releases:

	Event	Actual	Forecast	Previous
Holiday	Japan – Labour Thanksgiving Day

Upcoming Economic Events that you should be monitoring:

Tuesday, November 24, 2015

Cur.	Event	Actual	Forecast	Previous
EUR	German GDP (QoQ) (Q3)		0.3%	0.3%
EUR	German GDP (YoY) (Q3)		1.8%	1.8%
EUR	German Business Expectations (Nov)		104.0	103.8
EUR	German Current Assessment (Nov)		112.4	112.6
EUR	German Ifo Business Climate Index (		108.2	108.2
USD	GDP (QoQ) (Q3)		2.0%	1.5%
USD	GDP Price Index (QoQ) (Q3)		1.2%	1.2%
USD	Goods Trade Balance (Oct)			-58.63B
USD	S&P/CS HPI Composite – 20 n.s.a.		5.2%	5.1%
USD	CB Consumer Confidence (Nov)		99.5	97.6