By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY is trading towards the end of the Asian session at 96.00 well above last week’s lows. The euro was able to gain a bit of momentum, as negative eco data in Japan hit the streets today. Unemployment dipped which was a positive but PMI and Household Spending disappointed.
The euro will remain strong as traders are hoping that the ECB will be able to follow through with their promises of last week and make some significant announcements on Thursday this week after their scheduled meeting.
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 31, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
00:00 |
KRW |
South Korean Industrial Production (MoM) |
-0.4% |
-0.1% |
1.3% |
||
|
00:15 |
JPY |
Manufacturing PMI |
47.9 |
49.9 |
|||
|
00:30 |
JPY |
Unemployment Rate |
4.3% |
4.4% |
4.4% |
||
|
00:30 |
JPY |
Household Spending (YoY) |
1.6% |
2.9% |
4.0% |
||
|
01:30 |
TWD |
Taiwanese GDP (YoY) |
-0.16% |
0.50% |
0.39% |
||
|
02:30 |
JPY |
Average Cash Earnings (YoY) |
0.6% |
0.1% |
-1.1% |
||
|
02:30 |
AUD |
Building Approvals (MoM) |
-2.5% |
-14.2% |
27.0% |
||
|
02:30 |
AUD |
Private Sector Credit (MoM) |
0.3% |
0.4% |
0.5% |
||
|
03:00 |
SGD |
Singaporean Unemployment Rate |
2.0% |
2.1% |
|||
|
03:00 |
SGD |
Singaporean Bank Landing (MoM) |
452.57B |
445.00B |
|||
|
04:00 |
NZD |
Business Confidence |
15.10 |
12.60 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 1 |
1:30 |
AUD |
-1.1% |
|
|
12:15 |
USD |
176K |
||
|
14:00 |
USD |
49.7 |
||
|
18:15 |
USD |
|||
|
Aug 2 |
1:30 |
AUD |
0.5% |
|
|
1:30 |
AUD |
-0.29B |
||
|
12:30 |
USD |
|||
|
14:00 |
USD |
0.7% |
||
|
23:30 |
AUD |
48.8 |
||
|
Aug 3 |
12:30 |
USD |
80K |
|
|
12:30 |
USD |
8.2% |
||
|
12:30 |
USD |
0.3% |
||
|
14:00 |
USD |
52.1 |
Click here for updated EUR/JPY News.
Originally posted here
