EUR/JPY Fundamental Analysis October 10, 2012 Forecast

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EUR/JPY Fundamental Analysis October 10, 2012 Forecast

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

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