Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for March increased by 7.2% monthly and 6.2% annualized. Economists predicted an increase of 2.1% and 2.5% annualized. Forex traders can compare this to Japanese Household Spending for February, which increased by 2.4% monthly, and decreased 6.6% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese Domestic Corporate Goods Price Index for January decreased by 0.5% annualized. Economists predicted a decrease of 0.4%. Forex traders can compare this to the Japanese Domestic Corporate Goods Price Index for December, which decreased by 0.3% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Preliminary Machine Tool Orders for December increased by 8.7% annualized. Forex traders can compare this to Japanese Machine Tool Orders for November, which increased by 8.6% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

February 21st 2020

Forex traders are looking forward to the first press conference by new ECB President Lagarde following the interest rate announcement. Expectations call for no change as the shadow of Draghi’s divided ECB is anticipated to linger. The EURJPY is waiting for the press conference inside its horizontal resistance area, how will this currency pair be impacted in the aftermath of Lagarde’s first post-ECB press conference? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Forex traders will finish this week, filled with economic data pointing towards a slowing Eurozone economy, with more disappointment expected out of Germany. Industrial production is anticipated to post another annualized contraction and pressure the Euro. The French trade balance and Italian retail sales will be released later in the session. How will this data impact price action in the EURJPY, currently hovering at resistance? Today’s fundamental analysis will take a look at price action in both directions.

Final Italian and Eurozone CPI data will be released, but economists expected the previous October data to be confirmed which will show the absence of inflationary pressures. The ECB has failed on its mandate of price stability under President Draghi and new President Lagarde is expected to follow his approach. The Eurozone trade balance will also be released, will the EURJPY extend its sell-off or can it recover to the upside?

The Eurozone’s two biggest economies, Germany an France, reported trade data for September this morning. Germany surprised to the upside with a rise in exports while France surprised to the downside with a bigger than expected deficit. Optimism on the global trade front increased after China announced that tariffs may be scaled back step-by-step, in a mutual fashion. The EURJPY remained at resistance, where will price action be headed next?

With today’s FOMC meeting out of the US in focus, Eurozone confidence and inflation data will dominate the European trading session. Economists predict subdued inflationary figures and a further slowdown in confidence across the Eurozone in all sectors. Should predictions be confirmed, how will price action in the EURJPY react? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The German ZEW Survey, which also includes the Eurozone ZEW Survey, will be in focus today and is expected to move the Euro. Economists predict a sharp deterioration for the month of October which would confirm that the economic slowdown is gathering momentum. How will the EURJPY be impacted after the release of this report, especially if the data is even worse than expected? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Forex traders will get a heavy dose of Eurozone economic data to close out the trading week. Confidence data will be front and center, economists expect little change from the previous month. The German Import Price Index showed deflationary pressures in the Eurozone’s biggest economy which will be monitored closely by the ECB. The EURJPY entered a severe sell-off over the past few sessions, how will today’s data flow impact price action? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this currency pair.

The People’s Bank of China decided to decrease the interest rate on its 1-Year Loan Prime Rate by 5 basis points to 4.20%, but countered this move by a 5 basis point increase in its 1-Year Loan Prime Rate to 4.85%. This surprised markets today where the overall mood is geared towards risk-off. German PPI data showed a monthly increase, but pointed towards an annualized slowdown. The EURJPY is drifting lower after moving into resistance, what impact will today’s advance consumer confidence data out of the Eurozone have on price action?

Japanese data released during the Asian morning trading session showed an increase in household spending for July, but at a sharply reduced rate as compared to June. This may be partially attributed to the unexpected contraction in labor cash earnings. The Japanese Yen extended its weakness which pushed the EURJPY further to the upside following its most recent breakout. Positive sentiment in regards to US-China trade talks have also caused risk-on traders to rotate out of safe-haven assets such as the Japanese Yen. How much longer can this uptrend last?

The Japanese Yen sold-off during the Asian trading session as forex traders booked floating trading profits and with the Bank of Japan debating how and when to weaken its currency in order to assists its export dependent economy. The US-China trade war escalated further, but Singapore industrial production for July surprised to the upside. The EURJPY was able to bounce off of a strong support level, but is this just a temporary advance or will forex traders push this currency pair further to the upside?

As the protests in Hong Kong escalate and China assembled the People’s Armed Policy on the outskirts of Shenzhen, bordering Hong Kong, forex traders continued to flock to safe haven currencies such as the Japanese Yen. Japanese economic data released during the Asian trading session showed further signs of deflationary pressures and a struggling domestic economy. With the Bank of Japan alerting the markets that it won’t allow the Japanese Yen to strengthen much further, is now the time to but the EURJPY?

All eyes will be on Eurozone confidence data which will be released during the morning trading session. French second-quarter GDP clocked in weaker than expected and German GfK Consumer Confidence slid further. Economists anticipate that confidence data out o the Eurozone will decrease and forex traders will look out for the Eurozone Business Climate Indicator which is approaching 0. How will this impact the EURJPY? Today’s fundamental analysis will take a look if the most recent up-tick can extend to the upside or if a renewed push to the downside is on the horizon.

Following last Friday’s stronger-than-expected US NFP report, analysts have downgraded their expectations for an interest rate cut by the US Fed. Going into the report, markets have priced in a 25 basis point cut with an almost 100% certainty after the US and China failed to reach a trade deal at the G-20 Summit in Osaka. The focus will now shift back to economic data and Germany reported a steeper annualized contraction in industrial production which prevented the Euro to advance.

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades: German CPI: The Final German CPI for December increased by 0.1% monthly and by 1.7% annualized. Economists predicted an increase of 0.1% monthly and of 1.7% annualized. Forex traders can compare this to the previous German CPI for December which increased by 0.1% monthly and by 1.7% annualized. Here are the key factors to keep in mind today for Japanese Yen trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades: Preliminary German CPI: The Preliminary German CPI for December is predicted to increase by 0.3% monthly and by 1.9% annualized. Forex traders can compare this to the German CPI for November which increased by 0.1% monthly and by 2.3% annualized. Here are the key factors to keep in mind today for Japanese Yen trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades: