EUR/JPY Fundamental Analysis September 12, 2012, Forecast

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Analysis and Recommendations:

The EUR/JPY fell a bit yesterday off the 100 price to trade this morning at 99.92 but is trading in positive numbers on Tuesday. The euro remains strong, but is slightly weakened while traders await the ruling from the German Constitutional Court along with rumors that Spain may be forced to ask for a bailout before the new programs can be put in place.

The JPY remains strong against the dollar but weak elsewhere as government turmoil and poor eco data weigh on the currency. Prime Minister Noda made pledges if re elected he would bring inflation under control immediately.

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 September 11, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 11

 

GBP

 

 

RICS House Price Balance 

-19%

 

-22% 

 

-23% 

   

 

 

JPY

 

 

BSI Large Manufacturing Conditions 

2.5

 

-6.1 

 

-5.7 

 

 

 

 

JPY

 

 

M2 Money Stock (YoY) 

2.4%

 

2.3% 

 

2.2% 

 

 

 

 

AUD

 

 

NAB Business Confidence 

-2

 

 

 

   

 

 

JPY

 

 

5-Year JGB Auction 

0.204%

 

 

 

0.185% 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Sep. 12 

01:30

AUD

Westpac Consumer Sentiment 

 

-2.50% 

 

13:30

USD

Import Price Index (MoM) 

1.3% 

-0.6% 

 

22:00

NZD

Interest Rate Decision 

2.50% 

2.50% 

Government Bond Auction

Date Time Country 

Sep 12 09:10 Italy  

Sep 12 09:10 Sweden 

Sep 12 09:30 Germany 

Sep 12 09:30 Swiss 

Sep 12 14:30 Sweden 

Sep 12 17:00 US 

Sep 13 00:30 Japan 

Sep 13 09:10 Italy  

Sep 13 09:30 UK 

Sep 13 15:00 US 

Sep 13 17:00 US 

Sep 14 10:00 Belgium

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About: FX Empire Analyst - Barry Norman

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