By FXEmpire.com
Analysis and Recommendations:
The EUR/JPY is trading at 94.87 down close to 0.13%. The euro was trading near a 12-year low against the yen on Tuesday amid fears the Spanish debt crisis is growing and straining healthier European nations.
Yesterday the euro tumbled against the dollar to trade at 11 year lows, as Greece funding was placed in jeopardy, and Spain announced a need for additional funding, as Valencia told the Spanish government that it needed to be bailed out.
Lastly, Moody’s placed Germany on a watch for a rating downgrade.
The JPY soared to new highs, forcing the Prime Minister and the Governor of the Bank of Japan into emergency closed door meetings, while the MoF issued warning to speculators.
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 23-24, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
13:30 |
USD |
Chicago Fed National Activity |
-0.15 |
-0.48 |
|||
|
15:00 |
EUR |
Consumer Confidence |
-21.6 |
-20.0 |
-19.8 |
||
|
Jul. 24 |
03:30 |
CNY |
Chinese HSBC Manufacturing PMI |
49.50 |
48.20 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 25 |
0:00 |
AUD |
CB Leading Index m/m |
-1.4% |
|
1:30 |
AUD |
CPI q/q |
0.1% |
|
|
1:30 |
AUD |
Trimmed Mean CPI q/q |
0.3% |
|
|
14:00 |
USD |
New Home Sales |
369K |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
21:00 |
NZD |
Official Cash Rate |
2.50% |
|
|
21:00 |
NZD |
RBNZ Rate Statement |
||
|
Jul 26 |
0:10 |
JPY |
BOJ Gov Shirakawa Speaks |
|
|
12:30 |
USD |
Core Durable Goods Orders m/m |
0.7% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Pending Home Sales m/m |
5.9% |
|
|
23:30 |
JPY |
Tokyo Core CPI y/y |
-0.6% |
|
|
23:50 |
JPY |
Retail Sales y/y |
3.6% |
|
|
Jul 27 |
12:30 |
USD |
Advance GDP q/q |
1.9% |
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
72.0 |
Click here for further EUR/JPY Forecast.
Originally posted here
