EUR/JPY Fundamental Analysis September 7, 2012, Forecast

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Analysis and Recommendations:

The EUR/JPY is trading at 98.87 as the euro continues to gather strength. The JPY is weak, against most crosses except the USD and the euro is strong, on the hopes of the ECB. Markets already are aware of the bond buying program that Mr. Draghi is going to introduce today, not all the details have been leaked as of yet, but traders are expecting a whole lot more. If this is all that the ECB is going to deliver, we could see sentiment quickly shift in the markets.

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 6, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 06

 

KRW

 

 

South Korean GDP (QoQ) 

0.3%

 

0.4% 

 

0.4% 

 

 

 

 

KRW

 

 

South Korean GDP (YoY) 

2.3%

 

2.4% 

 

2.4% 

 

 

 

 

AUD

 

 

Employment Change 

-8.8K

 

5.0K 

 

11.7K 

   

 

 

AUD

 

 

Unemployment Rate 

5.1%

 

5.3% 

 

5.2% 

 

 

 

 

JPY

 

 

30-Year JGB Auction 

1.902%

 

 

 

1.848% 

 

 

 

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

Date

Time

Currency

Event

Forecast

Previous

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 07 15:30 Italy

Sep 10 09:30 Germany 

Sep 10 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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