By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY is holding at 96.92 up from yesterday. The euro continues to muster bits of strenght, on hopes of the ECB and on minor economic news. Yesterday, a day with little news and eco data, markets rallied on a successful bond auction in Italy and on some minor German data.
Although a new court case was launched yesterday in Germany which might defer the ruling of the legality of the EMS.
In Japan GDP tumbled to 0.3% which is weighing heavily on the yen.
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 August 14, 2012 actual v. forecast
|
Aug. 14 |
GBP |
RICS House Price Balance |
-24% |
-23% |
-22% |
|
JPY |
Monetary Policy Meeting Minutes |
||||
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.1% |
-0.3% |
0.9% |
|
|
AUD |
NAB Business Confidence |
4 |
-3 |
||
|
AUD |
New Motor Vehicle Sales (MoM) |
-0.8% |
-1.0% |
||
|
KRW |
South Korean Trade Balance |
2.80B |
2.70B |
||
|
EUR |
Estonian Unemployment Rate (YoY) |
10.20% |
11.50% |
||
|
EUR |
French CPI (MoM) |
-0.4% |
-0.2% |
0.0% |
|
|
EUR |
French GDP (QoQ) |
0.0% |
-0.1% |
0.0% |
|
|
EUR |
German GDP (QoQ) |
0.3% |
0.2% |
0.5% |
|
|
INR |
Indian WPI (YoY) |
7.37% |
7.25% |
||
|
EUR |
Finnish CPI (YoY) |
2.90% |
2.80% |
||
|
EUR |
German GDP (YoY) |
0.5% |
1.0% |
1.7% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Aug 15 |
0:30 |
AUD |
3.7% |
||
|
1:30 |
AUD |
0.9% |
0.9% |
||
|
12:30 |
USD |
0.2% |
0.2% |
||
|
12:30 |
USD |
6.7 |
7.4 |
||
|
13:00 |
USD |
63.5B |
55.0B |
||
|
13:15 |
USD |
79.3% |
78.9% |
||
|
13:15 |
USD |
0.5% |
0.4% |
||
|
14:30 |
USD |
-3.7M |
|||
|
Aug 16 |
1:00 |
AUD |
3.3% |
||
|
12:30 |
USD |
0.77M |
0.76M |
||
|
12:30 |
USD |
Unemployment Claims |
365K |
361K |
|
|
12:30 |
USD |
0.76M |
0.76M |
||
|
14:00 |
USD |
-4.3 |
-12.9 |
||
|
22:45 |
NZD |
0.3% |
|||
|
Aug 17 |
13:55 |
USD |
72.5 |
72.3 |
Government Bond Auctions
Date Time Country
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
Click here for further EUR/JPY Forecast.
Originally posted here
