Outlook and Recommendation The EUR/JPY closed out 2015 at 130.52 near the bottom of its trading range for the year as the euro continued to tumbled. The
The EUR/JPY closed out 2015 at 130.52 near the bottom of its trading range for the year as the euro continued to tumbled. The pair ended down 9.79% for the 2015 trading year. Ultra-loose monetary policies by the
ECB and the Bank of Japan mean that relative stock market valuations stay attractive. Furthermore, economic activity both in the Euro Area as well as in Japan picked up in the last quarter 2015. Low energy prices and early signs of a stabilization in emerging markets are beneficiary for exporting firms outside the energy and mining complex. Yet, despite our constructive outlook for the stock markets in Japan and the Euro Area, economists are paying attention to the risk of elevated volatility in the weeks ahead. Thus, in implementing our views, we continue to favor prudent trading strategies.
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
Major Economic Events Scheduled In January
|
||||||||||||
|
|
|
|
Event |
|
Previous |
||||||
MONDAY, JAN 04 |
||||||||||||
|
|
USD |
ISM Manufacturing PMI (Dec) |
|
|
48.6 |
||||||
|
|
USD |
ISM Prices Paid (Dec) |
|
|
35.5 |
||||||
TUESDAY, JAN 05 |
||||||||||||
|
|
EUR |
Consumer Price Index (YoY) (Dec) |
|
0.2% |
|||||||
|
|
EUR |
Consumer Price Index – Core (YoY) (Dec) |
|
0.9% |
|||||||
WEDNESDAY, JAN 06 |
||||||||||||
|
|
EUR |
Markit Services PMI (Dec) |
|
56.7 |
|||||||
|
|
USD |
FOMC Minutes |
|
||||||||
THURSDAY, JAN 07 |
||||||||||||
|
|
CHF |
Unemployment Rate (MoM) (Dec) |
|
3.4% |
|||||||
|
|
EUR |
ECB Monetary Policy Meeting Accounts |
|
||||||||
FRIDAY, JAN 08 |
||||||||||||
|
|
USD |
Nonfarm Payrolls (Dec) |
|
211K |
|||||||
|
|
USD |
Unemployment Rate (Dec) |
|
5% |
|||||||
|
|
CAD |
Unemployment Rate (Dec) |
|
7.1% |
|||||||
|
|
CAD |
Net Change in Employment (Dec) |
|
-35.7K |
|||||||
MONDAY, JAN 11 |
||||||||||||
CHF |
Real Retail Sales (YoY) (Dec) |
-0.8% |
||||||||||
WEDNESDAY, JAN 13 |
||||||||||||
EUR |
Non-monetary policy’s ECB meeting |
|||||||||||
THURSDAY, JAN 14 |
||||||||||||
|
|
AUD |
Fulltime employment (Dec) |
|
41.6K |
|||||||
|
|
AUD |
Unemployment Rate s.a. (Dec) |
|
5.8% |
|||||||
|
|
GBP |
BoE Interest Rate Decision (Jan 14) |
|
0.5% |
|||||||
|
|
GBP |
BoE Monetary Policy Statement |
|||||||||
FRIDAY, JAN 15 |
||||||||||||
|
|
USD |
Retail control (Dec) |
|
0.6% |
|||||||
|
|
USD |
Retail Sales ex Autos (MoM) (Dec) |
|
0.4% |
|||||||
|
|
USD |
Retail Sales (MoM) (Dec) |
|
0.2% |
|||||||
WEDNESDAY, JAN 20 |
||||||||||||
|
|
CAD |
BoC Interest Rate Decision |
0.5% |
||||||||
THURSDAY, JAN 21 |
||||||||||||
|
|
EUR |
ECB Interest Rate Decision |
|
0.05% |
|||||||
|
|
EUR |
ECB press conference |
|
||||||||
WEDNESDAY, JAN 27 |
||||||||||||
|
|
USD |
Fed’s Monetary Policy Statement |
|
||||||||
|
|
USD |
Fed Interest Rate Decision |
|
0.5% |
|||||||
|
|
USD |
Fed’s press conference |
|
||||||||
|
|
NZD |
RBNZ Interest Rate Decision |
|
2.5% |
|||||||
THURSDAY, JAN 28 |
||||||||||||
|
|
USD |
Durable Goods Orders (Dec) |
|
0% |
|||||||
|
|
USD |
Durable Goods Orders ex Transportation |
|
-0.1% |
|||||||
FRIDAY, JAN 29 |
||||||||||||
|
|
USD |
Gross Domestic Product Price Index (Q4) |
|
1.3% |
|||||||
|
|
USD |
Gross Domestic Product Annualized (Q4) |
|
2% |
|||||||