USD/JPY Fundamental Analysis October 19, 2012 Forecast

Posted October 18, 2012 6:12 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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USD/JPY Fundamental Analysis October 19, 2012 Forecast

Analysis and Recommendation:

The USD/JPY climbed on strong data from the US. Housing starts and building permits printed well above forecasted projections, surprising markets and supporting the economic recovery in the US. With jobs, housing, manufacturing and consumer confidence all reporting in positive modes, the US recovery seems to be back underway, easing the need for additional stimlus.

The opposite is happening in Japan. Prime Minister Noda has ordered the Minister of Finance to develop a stimulus package no later than the November meeting of 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 up to the data analysis and information in our weekly reports.

Economic Data October 18, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Oct. 18

AUD

NAB Quarterly Business Confidence

-2.00

-2.00

CNY

Chinese Fixed Asset Investment (YoY)

20.5%

20.2%

CNY

Chinese GDP (YoY)

7.4%

7.4%

7.6%

CNY

Chinese Industrial Production (YoY)

9.2%

9.0%

8.9%

CNY

Chinese Retail Sales (YoY)

14.2%

13.2%

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 19	15:00	USD	Existing Home Sales	4.73M	4.82M

Government Bond Auction

Date Time Country

Oct 21 10:30 Portugal

Oct 22 09:10 Norway

Oct 23 08:30 Spain

Oct 23 14:30 UK

Oct 23 17:00 US

Oct 24 09:10 Sweden

Oct 24 09:30 Germany

Oct 24 14:30 Sweden

Oct 24 15:30 Italy

Oct 24 16:30 US

Oct 25 00:30 Japan

Oct 25 09:10 Sweden

Oct 25 15:30 Italy

Oct 25 17:00 US

Oct 26 09:10 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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