EUR/JPY Fundamental Analysis October 8, 2012 Forecast

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Analysis and Recommendations:

The EUR/JPY is trading at 102.00 on the strength of the euro, after positive support from the ECB. The ECB held rates and policy yesterday which was expected it was the press conference that gave the bump to the euro after Draghi, said that the bank was proceeding with plans for the OMT and that the bank was on course to help support the ailing economies.

On Friday morning the BoJ held rates and policy surprising markets who were sure they would see aggressive action from the bank to help lower the strength of the JPY and to help the poor economic situation in Japan.

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 7, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

Forecast

Previous

Oct. 05

 

AUD

 

 

AIG Construction Index 

30.9

 

32.2 

 

 

TWD

 

 

Taiwanese CPI (YoY) 

2.96%

2.80% 

3.43% 

 

 

PHP

 

 

Philippines CPI (MoM) 

-0.10%

 

0.80% 

 

 

JPY

 

 

Interest Rate Decision 

0.10%

0.10% 

0.10% 

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

Date

Time

Currency

Event

Previous

Oct. 08

22:00

NZD

NZIER Business Confidence 

-4 

Government Bond Auction

Date Time Country 

Oct 08 09:10 Norway 

Oct 08 15:30 Italy  

Oct 09 08:30 Holland 

Oct 09 09:30 UK 

Oct 09 14:30 UK 

Oct 09 17:00 US 

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 

 

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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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