Written By : ForexAbode.com || Sunday, 17 August 2014 04:29 GMT

EUR/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

The EUR/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and Japan, which may affect the relative strength of the euro vesus Japanese yen.

EUR/JPY - Recent economic releases

Economic Fundamentals from Europe

EUR: ZEW Surveys: Euro-zone's economic sentiments survey came out with 27.3 and hence quite negative as compared to the consensus (41.3) as well as the previous 48.1. Same with German economic sentiments which was 8.6 against the expected 18.2 and previous 27.1/ German current economic situation data also came out to be quite poor at 44.3 against the previous 61.8.
EUR: German Consumer Price Index (YoY): Year on year change in the CPI was 0.8% and exactly same as the consensus but was less than the previous 1.0%. The harmonized CPI data was also 0.8% against the previous 1.0%.
EUR: Industrial Production: Year-over-year working day adjusted data was 0.0% and negative as compared to the consensus 0.1% as well as the previous 0.6%.
EUR: Average Yield on 10 Year German Federal Bond: 1.08% against the previous average of 1.20%.
EUR: German Gross Domestic Product (Q2 - preliminary): Year-over-year change in working day adjusted GDP was 1.2% against the previous 2.5%. The quarter-over-quarter seasonally adjusted GDP showed a negative growth of -0.2% against the previous 0.7%. The consensus was for no change.
EUR: Consumer Price Index: Year-over-year CPI was 0.4%, which was as expected and less than the previous 0.5%. The month over month CPI was -0.7% and negative as compared to the consensus (-0.6%) as well as the previous 0.1%.
EUR: Euro-zone's Gross Domestic Product (Q2 - preliminary): Year-over-year data was 0.7% and was as per the expectations and slightly less than the previous 0.9%. The quarter-over-quarter change was 0.0% and negative as compared to the consensus (0.1%) as well as the previous 0.2%.

Economic Fundamentals from Japan

JPY: Consumer Confidence Index: 41.5, though less than the expected 42.3 but was slightly more than the previous 41.1. However any reading below 50 indicates bearish sentiments.
JPY: Machine Tools Orders - preliminary (YoY): 37.7% against the previous 34.1%.
JPY: Industrial Production (YoY): 3.1% against the previous 1.0%.
JPY: Gross Domestic Product (Q2) - preliminary: The annualized GDP was -6.8% and though better than the expected -7.1% but was quite poor as compared to the previous 6.1%. The quarter-over-quarter change was -1.7% against the previous 1.5%.
JPY: Machinery Orders (YoY): -3.0%, though quite less than the expected 3.3% but the data was much better than the previous -14.3%

EUR/JPY Economic Strength Meter ©

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EUR/JPY fundamental outlook - Economic strength meter - August 17, 2014
EUR/JPY fundamental outlook based of recent economic releases EUR/JPY fundamental outlook based on the relative strength of the economic releases

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EUR/JPY Interest Rate Comparison
(For Carry Trade)
Euro
0.15%
Japanese Yen
0.10%
EUR/JPY interest rate comparison
0.05%

 

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