FXEMPIRE
All
Ad
Advertisement
Advertisement
Barry Norman
Add to Bookmarks

EUR/JPY Fundamental Analysis October 14, 2014 Forecast
Analysis and Recommendations:

The EUR/JPY added 21 points as the euro reacted in a positive manner to strong Chinese trade data released early this morning. The Japan remained quiet with Japanese markets closed for a national holiday. The pair is trading at 136.02 well below its recent trading range.  The EUR briefly saw daylight after the FOMC minutes, driven higher by ‘long’ dollar positions taking some profit. Nevertheless, the downturn in emerging economies combined with the Russian trade sanctions has caused a sharp slowdown to Europe’s backbone – Germany. It’s the eurozone’s only remaining growth driver and obviously a huge concern for the ECB. To some, the dollar has rallied too far and too fast since July.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Bank of Japan Governor (BoJ) Haruhiko Kuroda says he’s comfortable with the yen’s recent deprecation, noting the currency is merely in the process of correcting from excessive strength.

The Japanese currency has lost over 6 percent of its value against the U.S. dollar over the past three months amid a strengthening greenback. Earlier this month, it briefly broke through the 110 threshold for the first time in more than six years.

“The U.S. and U.K. are starting a normalization process while on the other hand the ECB (European Central Bank) and BOJ continue their accommodative monetary policy and that could have some exchange rate implications,” he said.

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 actual vs. forecast:

 

Cur.

 

Event

Actual

Forecast

Previous

 

 

Holiday

Japan – Health-Sports Day

 

 

Holiday

Canada – Thanksgiving Day

 

  CNY

 

Exports (YoY) (Sep)

15.3%

11.8%

9.4%

 

 

  CNY

 

Imports (YoY) (Sep)

7.0%

-2.7%

-2.4%

 

 

  CNY

 

Trade Balance (Sep)

31.00B

41.00B

49.83B

 

 

Upcoming Economic Events that you should be monitoring:

 

Cur.

Event

Actual

Forecast

Previous

 

  AUD

RBA Asst Gov. Debelle

 

 

 

 

 

  CNY

New Loans

 

750B

703B

 

 

  EUR

French CPI

 

-0.3%

0.4%

 

 

  EUR

French HICP

 

-0.3%

0.5%

 

 

  EUR

Spanish CPI

 

0.2%

0.2%

 

 

  GBP

CPI (MoM) (Sep)

 

0.2%

0.4%

 

 

  GBP

CPI (YoY) (Sep)

 

1.4%

1.5%

 

 

  GBP

PPI Input (MoM) (Sep)

 

-0.4%

-0.6%

 

 

  EUR

Italian CPI (MoM) (Sep)

 

-0.3%

-0.3%

 

 

  EUR

Industrial Production

 

-1.6%

1.0%

 

Government Bond Auction

Date Time Country Auction

Oct 14 08:30 Spain 6 & 12M T-bill auction

Oct 14 09:30 Belgium 3 & 12M T-bill auction (Jan & Oct 2015)

Oct 15 09:03 Sweden Bond auction

Oct 15 09:30 Germany Eur 4.0bn Sep 2016 Schatz auction

Oct 16 08:30 Spain Bono/Obligacion auction

Oct 16 09:30 UK Auctions 0.125% 2024 I/L Gilt

Oct 16 15:00 US Announces details of 30Y TIPS auction on Oct 23

 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker