By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY is trading at 96.95 as the euro was able to muster some strength after the USD collapsed. The euro has surged in early morning trading to over 1.23 against the greenback. This move has helped the euro upwards against its trading partners.
Markets are also worried about stealth intervention from the BoJ to help support the Yen.
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 Releases for Monday, July 16, 2012 actual v. forecast (there is no major Asian eco data for July 17, 2012)
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 16 |
GBP |
Rightmove House Price Index (MoM) |
-1.7% |
1.0% |
|
|
EUR |
CPI (YoY) |
2.4% |
2.4% |
2.4% |
|
|
EUR |
Core CPI (YoY) |
1.6% |
1.6% |
1.6% |
|
|
USD |
Core Retail Sales (MoM) |
-0.4% |
0.1% |
-0.4% |
|
|
Foreign Securities Purchases |
26.11B |
13.50B |
10.16B |
||
|
USD |
Retail Sales (MoM) |
-0.5% |
0.2% |
-0.2% |
|
|
USD |
NY Empire State Manufacturing Index |
7.4 |
4.0 |
2.3 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 18 |
0:30 |
AUD |
MI Leading Index m/m |
0.5% |
|
12:30 |
USD |
Building Permits |
0.78M |
|
|
12:30 |
USD |
Housing Starts |
0.71M |
|
|
14:30 |
USD |
Crude Oil Inventories |
-4.7M |
|
|
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 a current EUR/JPY Chart.
Originally posted here
