By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY is trading at 96.27 with the euro gaining this morning. The euro held fairly steady over the weekend and remains a bit under the 1.23 price against the USD. In Japan this morning, the quarterly and annual GDP numbers were released. Both came in well under forecast with QoQ tumbling to 0.2%, when markets were forecasting 0.6% and the previous quarter was at 1.3%. The Japanese economy is in trouble, last month most of the data out of Japan was negative. The Bank of Japan last week held rates and policies offering no assistance to the failing economy.
The euro continues to be supported by hopes of action by Mr. Draghi and the ECB.
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 13, 2012 actual v. forecast
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
Aug. 13 |
00:50 |
JPY |
GDP (QoQ) |
0.3% |
0.6% |
1.3% |
|
00:50 |
JPY |
GDP Price Index (YoY) |
-1.1% |
-0.8% |
-1.3% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
Date |
Time |
Currency |
Event |
Previous |
Aug 14 |
1:30 |
AUD |
-3 |
|
1:30 |
AUD |
-0.6% |
||
12:30 |
USD |
-0.4% |
||
12:30 |
USD |
0.1% |
||
12:30 |
USD |
-0.5% |
||
14:00 |
USD |
0.3% |
||
Aug 15 |
0:30 |
AUD |
3.7% |
|
1:30 |
AUD |
0.9% |
||
12:30 |
USD |
0.2% |
||
12:30 |
USD |
7.4 |
||
13:00 |
USD |
55.0B |
||
13:15 |
USD |
78.9% |
||
13:15 |
USD |
0.4% |
||
14:30 |
USD |
|||
Aug 16 |
1:00 |
AUD |
3.3% |
|
12:30 |
USD |
0.76M |
||
12:30 |
USD |
0.76M |
||
14:00 |
USD |
-12.9 |
||
22:45 |
NZD |
0.3% |
||
Aug 17 |
13:55 |
USD |
72.3 |
Government Bond Auctions
Date Time Country
Aug 14 09:10 Greece
Aug 14 09:10 Italy
Aug 14 09:30 Belgium
Aug 14 14:30 UK
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