EUR/JPY Fundamental Analysis October 10, 2012 Forecast

Posted October 09, 2012 6:16 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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EUR/JPY Fundamental Analysis October 10, 2012 Forecast

Analysis and Recommendations:

The EUR/JPY is trading at 101.78 falling from the 102.00 level yesterday as the euro lost momentum on global growth concerns and the ongoing Greek and Spanish tragedies that never seem to end. The Ministers yesterday activated the ESM now that it has been approved by the German courts.

This morning the Japanese trade balance widened unexpectedly.

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 October 9, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 09	GBP	BRC Retail Sales Monitor (YoY)	1.5%	-0.3%	-0.4%
	GBP	RICS House Price Balance	-15%	-20%	-18%
	JPY	Adjusted Current Account	0.72T	0.52T	0.34T
	AUD	NAB Business Confidence	0		-3
	JPY	Economy Watchers Current Index	41.2	44.2	43.6

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Date	Time	Currency	Event	Forecast	Previous
Oct. 11	01:30	AUD	Employment Change	3.8K	-8.8K

Government Bond Auction

Date Time Country

Oct 10 09:10 Italy

Oct 10 09:10 Sweden

Oct 10 09:30 Germany

Oct 10 09:30 Swiss

Oct 10 14:30 Sweden

Oct 10 17:00 US

Oct 11 09:10 Italy

Oct 11 09:10 Sweden

Oct 11 09:30 UK

Oct 11 15:00 US

Oct 11 17:00 US

Oct 12 09:30 Germany

Oct 12 10:00 Belgium

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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