Analysis and Recommendations:
The EUR/JPY is trading at 98.12 with no activity this morning. Markets in Europe are expected to be very quiet this week as August is traditionally the main vacation month for the EU. With politicians and traders on vacation little volume is expected and the month extended into next week for final data releases, things should remain fairly quiet.
The only obstacle out there might be Spain.
Japan has little on the eco calendar except trade balance, due on Wednesday.
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 20, 2012 actual v. forecast
(No release in for the AUD, NZD or the JPY on Monday morning)
|
Aug. 16 |
NZD |
PPI Input (QoQ) |
0.6% |
-0.2% |
0.3% |
|
Aug. 17 |
USD |
Michigan Consumer Sentiment |
73.6 |
72.4 |
72.3 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Aug. 21 |
02:30 |
AUD |
Monetary Policy Meeting Minutes |
||
|
04:00 |
NZD |
Inflation Expectations (QoQ) |
2.4% |
||
|
Aug. 22 |
00:50 |
JPY |
Trade Balance |
-0.46T |
-0.30T |
|
15:00 |
USD |
4.52M |
4.37M |
||
|
19:00 |
USD |
||||
|
Aug. 23 |
03:30 |
CNY |
Chinese HSBC Manufacturing PMI |
49.30 |
|
|
13:30 |
USD |
365K |
366K |
||
|
13:30 |
USD |
3300K |
3305K |
||
|
15:00 |
USD |
365K |
350K |
||
|
23:45 |
NZD |
Trade Balance |
-47M |
331M |
|
|
Aug. 24 |
00:30 |
AUD |
|||
|
08:45 |
JPY |
BoJ Governor Shirakawa Speaks |
|||
|
13:30 |
USD |
Core Durable Goods Orders (MoM) |
0.5% |
-1.4% |
|
|
13:30 |
USD |
Durable Goods Orders (MoM) |
2.5% |
1.3% |
Click here for updated EUR/JPY News.
Originally posted here
