EUR/JPY Fundamental Analysis October 5, 2012 Forecast

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Analysis and Recommendations:

The EUR/JPY climbed to 101.62 on a weakening JPY ahead of the BoJ two day meetings. Rumors are that the BoJ will announce some new bold programs pushed by the new Finance Minister. The euro remains strong ahead of today’s ECB meeting, on hopes that Mr. Draghi can now start delivering on his promises a few weeks ago. Spain continues to drag, but traders at this point have factored in the Spanish rescue they just do not know when Rajoy will make the request.

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 4, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Oct. 04

 

AUD

 

 

Building Approvals (MoM) 

6.4%

 

4.7% 

 

-21.2% 

   

 

 

AUD

 

 

Retail Sales (MoM) 

0.2%

 

0.4% 

 

-0.8% 

   

 

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

Date

Time

Currency

Event

Forecast

Previous

 Oct. 05

13:30

USD

Average Hourly Earnings (MoM) 

0.2% 

0.0% 

 

13:30

USD

Nonfarm Payrolls 

110K 

96K 

 

13:30

USD

Average Weekly Hours 

34.4 

34.4 

 

13:30

USD

Private Nonfarm Payrolls 

125K 

103K 

Government Bond Auction

Date Time Country   

Oct 05 15:30 Italy 

 

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About: FX Empire Analyst - Barry Norman

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