By FXEmpire.com
Analysis and Recommendation:
The USD/JPY remains powerful trading at 78.18 as risk aversion remains the overall market theme, as investor are not quite sure what to expect from the FOMC and the ECB and they are not sure if the ECB can follow through with their promises of last week.
Japan releases almost all of its eco data at one time and this began today, with a series of surprises, unemployment dipped in Japan, but household spending declined more than expected. And manufacturing PMI dipped from prior report and is well under the magical 50 number reporting at 47.9.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthlyanalysis 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 31, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
00:00 |
KRW |
South Korean Industrial Production (MoM) |
-0.4% |
-0.1% |
1.3% |
||
|
00:15 |
JPY |
Manufacturing PMI |
47.9 |
49.9 |
|||
|
00:30 |
JPY |
Unemployment Rate |
4.3% |
4.4% |
4.4% |
||
|
00:30 |
JPY |
Household Spending (YoY) |
1.6% |
2.9% |
4.0% |
||
|
01:30 |
TWD |
Taiwanese GDP (YoY) |
-0.16% |
0.50% |
0.39% |
||
|
02:30 |
JPY |
Average Cash Earnings (YoY) |
0.6% |
0.1% |
-1.1% |
||
|
02:30 |
AUD |
Building Approvals (MoM) |
-2.5% |
-14.2% |
27.0% |
||
|
02:30 |
AUD |
Private Sector Credit (MoM) |
0.3% |
0.4% |
0.5% |
||
|
03:00 |
SGD |
Singaporean Unemployment Rate |
2.0% |
2.1% |
|||
|
03:00 |
SGD |
Singaporean Bank Landing (MoM) |
452.57B |
445.00B |
|||
|
04:00 |
NZD |
Business Confidence |
15.10 |
12.60 |
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 1 |
1:30 |
AUD |
-1.1% |
|
|
12:15 |
USD |
176K |
||
|
14:00 |
USD |
49.7 |
||
|
18:15 |
USD |
|||
|
Aug 2 |
1:30 |
AUD |
0.5% |
|
|
1:30 |
AUD |
-0.29B |
||
|
12:30 |
USD |
|||
|
14:00 |
USD |
0.7% |
||
|
23:30 |
AUD |
48.8 |
||
|
Aug 3 |
12:30 |
USD |
80K |
|
|
12:30 |
USD |
8.2% |
||
|
12:30 |
USD |
0.3% |
||
|
14:00 |
USD |
52.1 |
Click here to read USD/JPY Technical Analysis.
Originally posted here
