The EUR/JPY gained 6 points to trade at 122.63 as the euro continued to ease against the stronger yen. Germany has a report on investor confidence due,
The EUR/JPY gained 6 points to trade at 122.63 as the euro continued to ease against the stronger yen. Germany has a report on investor confidence due, while France has a gauge of business sentiment coming. Euro-area finance ministers will meet to discuss how to conclude Greece’s bailout review, including debt-relief measures and contingency plans in case budget targets are missed. Hungary’s central bank is widely expected to cut interest rate.
The lack of ministerial consensus over which policy levers to pull comes as Prime Minister Shinzo Abe prepares his heavily indebted nation for what may be another dose of spending to help the struggling economy. Ideally, he’d like the blessing of his G-7 peers before doing so, but expectations are low that national leaders can go one step further on any economic accord when they meet in Mie Prefecture later this week.
Comments on the currency’s moves by Finance Minister Taro Aso in Sendai on Friday and Saturday hinted at growing frustration about the impact on exporters after the yen surged 9 percent this year versus the dollar, spurring speculation that the Finance Ministry may intervene. Aso raised the issue in a meeting with U.S. Treasury Secretary Jacob J. Lew. (Japan Times)
FxEmpire provides in-depth analysis for each asset 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 up to the data analysis and information in our weekly reports, which covers the current week and are published by Sunday before the new week begins. Daily we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole.
Upcoming Economic Events that you should be monitoring:
Wednesday, May 25, 2016
Cur. | Event | Actual | Forecast | Previous | |||
USD | API Weekly Crude Oil Stock | -1.140M | |||||
NZD | Trade Balance (YoY) (Apr) | -3,940M | -3,380M | ||||
NZD | Trade Balance (MoM) (Apr) | 60M | 117M | ||||
AUD | Construction Work Done (QoQ) (Q1) | -1.5% | -3.6% | ||||
EUR | EU Finance Ministers Meeting | ||||||
USD | Goods Trade Balance (Apr) | -60.10B | -56.90B | ||||
USD | FOMC Member Harker Speaks | ||||||
USD | Services PMI (May) | 53.1 | 52.8 | ||||
CAD | Interest Rate Decision | 0.50% | 0.50% | ||||
USD | Crude Oil Inventories | 1.310M | |||||
USD | FOMC Member Kashkari Speaks | ||||||
USD | FOMC Member Kaplan Speaks |
Government Bond Auctions
Date Time Country Auction
May 25 11:03 Sweden Sek 1bn 3.5% 2022 & Sek 3bn 1% 2026 bonds
May 25 11:05 Norway Holds bond auction
May 25 11:30 Germany Eur 1bn 2.5% Jul 2044 Bund
May 25 19:00 US Holds 5Yr Notes Auction, 2Yr FRN
May 26 11:10 Italy Announces details of bond auction
May 26 11:10 Italy Holds Zero-coupon/BTPei auction
May 26 17:20 Sweden Details of I/L auction on Jun 02
May 26 19:00 US Holds 7Yr Notes Auction
May 30 11:10 Italy Holds bond auction
Jun 01 10:30 Denmark Holds bond auction
Jun 01 11:30 Germany Eur 4bn Apr 2021 Bobl
Jun 01 11:30 UK 1.5% 2021 Gilt
Jun 01 17:20 Sweden Announces details of bond auction on Jun 08
Jun 02 10:30 Spain Holds bond auction
Jun 02 11:03 Sweden Holds I/L bond auction
Jun 02 11:50 France Holds bond auction