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 |
0.2% |
0.0% |
|
|
|
13:30 |
USD |
110K |
96K |
|
|
|
13:30 |
USD |
34.4 |
34.4 |
|
|
|
13:30 |
USD |
125K |
103K |
Government Bond Auction
Date Time Country
Oct 05 15:30 Italy
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