By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY at 97.23 as the euro continues to weaken with little results from the Eurogroup meeting and the German courts delaying their decision on the emergency fund, there is little hope for any of the plans from the EU to move forward.
Traders are closely watching the BoJ meeting which begins today, but not much is expected. The BoJ has sidestepped the economy and monetary stimulus at their last few meetings. In their last meeting they mentioned that they wanted to wait to see the outcome from the Greek elections, which has now passed.
The euro will most likely remain weak, and be subjective to new flows
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 11, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 11 |
AUD |
RBA Assist Gov Lowe Speaks |
|||
|
KRW |
South Korean Unemployment Rate |
3.2% |
3.2% |
3.2% |
|
|
JPY |
CGPI (YoY) |
-1.3% |
-0.9% |
-0.5% |
|
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.7% |
0.2% |
-0.2% |
|
|
AUD |
Westpac Consumer Sentiment |
3.70% |
0.30% |
||
|
AUD |
Home Loans (MoM) |
-1.2% |
0.7% |
0.5% |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 12 |
1:00 |
AUD |
2.3% |
|
|
1:30 |
AUD |
38.9K |
||
|
1:30 |
AUD |
5.1% |
||
|
12:30 |
USD |
|||
|
12:30 |
USD |
-1.0% |
||
|
18:00 |
USD |
-124.6B |
||
|
Jul 13 |
12:30 |
USD |
-1.0% |
|
|
13:55 |
USD |
73.2 |
Click here to read EUR/JPY Technical Analysis.
Originally posted here
