EUR/JPY Fundamental Analysis September 26, 2012 Forecast

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Analysis and Recommendations:

The EUR/JPY continues to slide trading at 100.67 in Asian trading on Tuesday. The euro remains weak, as poor eco data in Germany bothered traders and ongoing problems in Greece and Spain weigh on markets. Chancellor Merkel and President Hollande seem to be at odds on how to proceed and the time table for the EU banking regulator. With little news or eco data, markets are cling to what little they have.

Across the ocean in Japan, MoF director Azumi, said that the MoF would do whatever is necessary to control the FX markets and that the Japanese government and economy would recover later this year.

He said that the BoJ stimulus was a long term solution and not a short term problem solver and that he supported the move by the BoJ.

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 25, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 25

 

JPY

 

 

CSPI (YoY) 

-0.3%

 

-0.2% 

 

-0.3% 

  

 

 

PHP

 

 

Philippines Trade Balance 

-236.0M

 

-347.0M 

 

-787.0M 

 

 

 

 

AUD

 

 

RBA Financial Stability Review 

 

 

 

 

 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Sep. 27

23:45

NZD

Building Consents (MoM) 

 

2.0%

Sep. 28 

00:30

JPY

Unemployment Rate 

4.3%

4.3%

 

00:30

JPY

Tokyo Core CPI (YoY) 

-0.3%

-0.5%

 

00:50

JPY

Industrial Production (MoM) 

-0.5%

-1.0%

 

00:50

JPY

Retail Sales (YoY) 

-0.2%

-0.8%

Government Bond Auction

Date Time Country 

Sep 26 09:10 Italy  

Sep 26 09:10 Sweden 

Sep 26 09:00 Germany 

Sep 26 14:30 Sweden 

Sep 26 17:00 US 

Sep 27 00:30 Japan 

Sep 27 09:10 Italy  

Sep 27 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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