EUR/JPY Fundamental Analysis October 9, 2012 Forecast

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

EUR/JPY Fundamental Analysis October 9, 2012 Forecast

EUR/JPY Fundamental Analysis October 9, 2012 Forecast

Analysis and Recommendations:

The EUR/JPY climbed to trade at 102.00 in the Asian session this morning. Comments by German Finance Minister Wolfgang Schauble over the weekend that Chancellor Angela Merkel’s trip to Greece this week did not mean the debt-stricken country would receive the next tranche of aid from its bailout, helped drag the euro lower. A focal point for the euro has been when Spain might make a request for external aid. Traders and analysts say the euro could get a boost if Spain makes such a request as that would open the way for the European Central Bank to buy Spanish debt to help bring down Madrid’s borrowing costs.

With little support for the JPY this morning the pair is at the whim of the international markets and news. Traders seem increasingly interested in putting on bullish bets on the euro versus the yen.

For the long term, markets see the euro climbing as the ECB deals with the debt crisis and the launch of the OMT and the ESM. While the JPY is too strong and the Japanese economy is declining rapidly.

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 8, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

Previous

 

 

Oct. 08

 

AUD

 

 

RBA Governor Stevens Speaks 

 

 

 

 

 

 

AUD

 

 

ANZ Job Advertisements (MoM) 

-2.80%

-2.40% 

  

 

 

CNY

 

 

Chinese HSBC Services PMI 

54.30

52.00 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Oct. 09

01:30

AUD

NAB Business Confidence 

 

-2

Oct. 11

01:30

AUD

Employment Change 

3.8K

-8.8K

Government Bond Auction

Date Time Country 

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 

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 

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.