EUR/JPY Fundamental Analysis September 6, 2012 Forecast

Posted September 05, 2012 6:03 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The EUR/JPY is trading at 98.18 declining a few pips, as the euro weakened as traders begin to worry about Mr. Draghi’s plans and announcements tomorrow. Yesterday, he received a poor showing of attendance at a Parliamentary speech, where politicians seemed to turn their backs on actions.

The euro is also trading down in early Asian trading, on poor eco data that seems to continue to flow out of the EU.

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 5, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Sep. 05

00:01

GBP

BRC Shop Price Index (YoY)

1.10%

1.00%

00:30

AUD

AIG Services Index

42.4

46.5

02:30

AUD

GDP (QoQ)

0.6%

0.7%

1.4%

03:30

CNY

Chinese HSBC Services PMI

52.00

53.10

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

Date	Time	Currency	Event	Forecast	Previous
Sep. 06	02:30	AUD	Employment Change	5.0K	14.0K
	13:15	USD	ADP Nonfarm Employment Change	140K	163K
	13:30	USD	Initial Jobless Claims	370K	374K
	13:30	USD	Continuing Jobless Claims	3315K	3316K
	15:00	USD	ISM Non-Manufacturing Index	52.5	52.6
Sep. 07	02:30	AUD	Trade Balance	-0.30B	0.01B
	13:30	USD	Average Hourly Earnings (MoM)	0.2%	0.1%
	13:30	USD	Nonfarm Payrolls	124K	163K
	13:30	USD	Average Weekly Hours	34.5	34.5
	13:30	USD	Private Nonfarm Payrolls	142K	172K

Government Bond Auction

Date Time Country

Sep 06 00:30 Japan Auctions 30Y JGBs

Sep 06 08:30 Spain Bono auction

Sep 06 08:50 France OAT auction

Sep 06 09:10 Sweden I/L bond auction

Sep 06 15:00 US Announces 3Y Notes on Sep 11, 10Y Notes on Sep 12 &

Sep 07 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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