EUR/JPY Fundamental Analysis September 28, 2012 Forecast

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Analysis and Recommendations:

The EUR/JPY the pair declined a bit in early Asian trading to exchange at 100.03. The euro remains weak as global sentiment has turned negative once again, over the unresolved issues and economic problems in Greece and Spain. Yesterday civil unrest and strikes escalated as the troika seems to be giving up hope on resolving Greece’s issues, as Greece does not seem to be honoring any debts or promises, while Spain also continues to play dangerous financial and economic games.

The ECB and IMF are at the point of ending negotiations.

Whereas the JPY continues to gain momentum as risk leaves the markets and investors return to safe havens. Gold also found its footing once again this morning. The MoF and BoJ might move to purchase foreign bonds to try to reduce the strength of the yen.

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 27, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

Previous

 

 

Sep. 27

 

NZD

 

 

Business Confidence 

17.00

19.50 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

Sep. 28 

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%

 

13:30

USD

Core PCE Price Index (MoM) 

0.1%

0.0%

 

13:30

USD

Personal Spending (MoM) 

0.5%

0.4%

 

14:45

USD

Chicago PMI 

52.9

53.0

 

14:55

USD

Michigan Consumer Sentiment 

78.9

79.2

Government Bond Auction

Date Time Country 

Oct 01 10:00 Norway 

Oct 02 09:15 Austria 

Oct 02 09:30 Belgium 

Oct 02 09:30 UK 

Oct 02 14:30 UK 

Oct 03 09:10 Sweden 

Oct 03 10:00 Norway 

Oct 04 08:30 Spain 

Oct 04 08:50 France 

Oct 04 15:00 US 

Oct 05 15:30 Italy 

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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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