By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY continues to tumble as the euro remains weak against almost all of its trading partners. Yesterday prior to the Fed testimony, the euro climbed but it was artificially inflated after falling in the morning to below the 1.22 price. The euro recovered and ended the day trading at 1.2294. In the Asian session today, the EURUSD is trading at 1.2281.
There is little tier one data on either side of the globe so markets will be more responsive to news flow.
With unclear rhetoric from the MoF, markets are confused over future actions. The JPY remains strong against the USD and most of its trading partners.
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 19, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 18 |
JPY |
Monetary Policy Meeting Minutes |
|||
|
AUD |
MI Leading Index (MoM) |
0.8% |
0.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 19 |
1:30 |
AUD |
NAB Quarterly Business Confidence |
-1 |
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Existing Home Sales |
4.55M |
|
|
14:00 |
USD |
Philly Fed Manufacturing Index |
-16.6 |
|
|
Jul 20 |
1:30 |
AUD |
Import Prices q/q |
-1.2% |
Click here for updated EUR/JPY News.
Originally posted here
