By FXEmpire.com
Analysis and Recommendation:
The USD/JPY continues to power over top of the USD trading at the end of the Asian session at 78.57.
The dollar was almost unchanged against the yen on Friday in Asia amid concerns by some market participants about another Japanese government intervention, but it will likely start to fall as the market factors in another easing by the Federal Reserve.
Markets are expected to be fairly quiet today, with little in the way of eco data and little on the political agenda.
Spain will most likely control the news flow today
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 up to the data analysis and information in our weekly reports.
Economic Data July 20, 2012 actual v. forecast that affect the AUD, NZD, JPY
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 20 |
02:30 |
AUD |
Import Price Index (QoQ) |
2.4% |
1.5% |
-1.2% |
|
04:00 |
NZD |
Credit Card Spending (YoY) |
4.6% |
3.9% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 23 |
1:30 |
AUD |
PPI q/q |
-0.3% |
|
Jul 24 |
13:00 |
USD |
Flash Manufacturing PMI |
52.5 |
|
22:45 |
NZD |
Trade Balance |
301M |
|
|
23:50 |
JPY |
Trade Balance |
-0.66T |
|
|
Jul 25 |
0:00 |
AUD |
CB Leading Index m/m |
-1.4% |
|
1:30 |
AUD |
CPI q/q |
0.1% |
|
|
1:30 |
AUD |
Trimmed Mean CPI q/q |
0.3% |
|
|
14:00 |
USD |
New Home Sales |
369K |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
|
|
21:00 |
NZD |
RBNZ Rate Statement |
||
|
Jul 26 |
0:10 |
JPY |
BOJ Gov Shirakawa Speaks |
|
|
12:30 |
USD |
Core Durable Goods Orders m/m |
0.7% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Pending Home Sales m/m |
5.9% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.6% |
|
|
23:50 |
JPY |
Retail Sales y/y |
3.6% |
|
|
Jul 27 |
12:30 |
USD |
Advance GDP q/q |
1.9% |
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
72.0 |
Click here a current USD/JPY Chart.
Originally posted here
