EUR/JPY Fundamental Analysis October 19, 2012 Forecast

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

EUR/JPY Fundamental Analysis October 19, 2012 Forecast

EUR/JPY Fundamental Analysis October 19, 2012 Forecast

Analysis and Recommendations:

The EUR/JPY continues to climb adding 7pips, to hit 1.0363 as the euro gains and the yen weakens simultaneously on separate events. The euro has been strong ahead of the EU Summit today and tomorrow, on the Moody’s confirmation of Spanish debt and news that Spain will request a bailout at the summit. The EU and ECB are supposedly in talks with Spain on what the best option would be. This could allow the use of the ESM and the OMT. While in Japan the yen is beginning to weaken as traders look for more risk and also on news that Prime Minister Noda has ordered the Finance Minister to introduce stimulus no later than November to help spur the economy.

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 18, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Oct. 18

 

AUD

 

 

NAB Quarterly Business Confidence 

-2.00

 

 

 

-2.00 

 

 

 

 

CNY

 

 

Chinese Fixed Asset Investment (YoY) 

20.5%

 

20.2% 

 

20.2% 

 

 

 

 

CNY

 

 

Chinese GDP (YoY) 

7.4%

 

7.4% 

 

7.6% 

 

 

 

 

CNY

 

 

Chinese Industrial Production (YoY) 

9.2%

 

9.0% 

 

8.9% 

 

 

 

 

CNY

 

 

Chinese Retail Sales (YoY) 

14.2%

 

13.2% 

 

13.2% 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Oct. 19 

15:00

USD

Existing Home Sales 

4.73M 

4.82M 

Government Bond Auction

Date Time Country 

Oct 21 10:30 Portugal 

Oct 22 09:10 Norway 

Oct 23 08:30 Spain 

Oct 23 14:30 UK 

Oct 23 17:00 US 

Oct 24 09:10 Sweden 

Oct 24 09:30 Germany 

Oct 24 14:30 Sweden 

Oct 24 15:30 Italy  

Oct 24 16:30 US 

Oct 25 00:30 Japan 

Oct 25 09:10 Sweden 

Oct 25 15:30 Italy  

Oct 25 17:00 US 

Oct 26 09:10 Italy

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
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

  View all of FX Empire Analyst - Barry Norman's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.