By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY soared off its record lows to trade this morning at 96.11 adding 0.07 and continuing to rise.
As investors search for more risk, the JPY is losing some steam, in this arena and as the euro continues to build momentum after yesterdays vow by the ECB to save the monetary union.
Draghi told the Global Investment Conference in London that the ECB is “ready to do whatever it takes to preserve the euro” within its mandate and that he was confident “it will be enough”.
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 July 27, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 27 |
KRW |
South Korean Current Account |
3.68B |
5.00B |
3.13B |
|
JPY |
Tokyo Core CPI (YoY) |
-0.6% |
-0.7% |
-0.6% |
|
|
JPY |
National Core CPI (YoY) |
-0.2% |
0.0% |
-0.1% |
|
|
JPY |
Retail Sales (YoY) |
0.2% |
1.2% |
3.6% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 30 |
23:30 |
JPY |
Household Spending y/y |
4.0% |
|
Jul 31 |
1:00 |
NZD |
NBNZ Business Confidence |
12.6 |
|
1:30 |
AUD |
Building Approvals m/m |
27.3% |
|
|
1:30 |
AUD |
Private Sector Credit m/m |
0.5% |
|
|
1:30 |
JPY |
Average Cash Earnings y/y |
-1.1% |
|
|
12:30 |
USD |
Core PCE Price Index m/m |
0.1% |
|
|
12:30 |
USD |
Employment Cost Index q/q |
0.4% |
|
|
12:30 |
USD |
Personal Spending m/m |
0.0% |
|
|
13:00 |
USD |
S&P/CS Composite-20 HPI y/y |
-1.9% |
|
|
13:45 |
USD |
Chicago PMI |
52.9 |
|
|
14:00 |
USD |
CB Consumer Confidence |
62.0 |
|
|
Aug 1 |
1:30 |
AUD |
HPI q/q |
-1.1% |
|
12:15 |
USD |
ADP Non-Farm Employment Change |
176K |
|
|
14:00 |
USD |
ISM Manufacturing PMI |
49.7 |
|
|
18:15 |
USD |
FOMC Statement |
||
|
Aug 2 |
1:30 |
AUD |
Retail Sales m/m |
0.5% |
|
1:30 |
AUD |
Trade Balance |
-0.29B |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Factory Orders m/m |
0.7% |
|
|
23:30 |
AUD |
AIG Services Index |
48.8 |
|
|
Aug 3 |
12:30 |
USD |
Non-Farm Employment Change |
80K |
|
12:30 |
USD |
Unemployment Rate |
8.2% |
|
|
12:30 |
USD |
Average Hourly Earnings m/m |
0.3% |
|
|
14:00 |
USD |
ISM Non-Manufacturing PMI |
52.1 |
Government Bond Auctions
Date Time Country
Jul 30 09:10 Italy
Jul 30 10:00 Belgium
Jul 31 00:30 Japan
Jul 31 09:30 Belgium
Aug 01 09:30 Germany
Aug 01 10:00 Norway
Click here to read EUR/JPY Technical Analysis.
Originally posted here
