USD/CAD Fundamental Analysis August 14, 2012, Forecast

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Analysis and Recommendations:

The USD/CAD is trading at 0.9936 with nothing to report. There are no events, news, auctions or stories coming out of Canada and the US is almost as quiet with the big news being Mitt Romney’s VP selection. Otherwise markets were subdued today. The US dollar bounced around for the day on worries and gossip from traders.

It is expected to be a quiet week for this pair or at least until the end of the week when Canada starts releases some eco reports.

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 August 13, 2012 actual v. forecast

Date

Time

 

Currency

 

Importance

 

Event

Actual

 

Forecast

 

Previous

 

Aug. 13

00:50

 

JPY

 

 

 

GDP (QoQ) 

0.3%

 

0.6% 

 

1.3% 

 

 

09:00

 

NOK

 

 

 

Norwegian Core Retail Sales (MoM) 

-1.40%

 

-1.00% 

 

1.70% 

 

 

Upcoming Economic Events that affect the CAD and USD

Date

Time

Currency

Event 

Previous

Aug 14

12:30

USD

Core Retail Sales m/m

-0.4%

 

12:30

USD

PPI m/m

0.1%

 

12:30

USD

Retail Sales m/m

-0.5%

 

14:00

USD

Business Inventories m/m

0.3%

Aug 15

12:30

USD

Core CPI m/m

0.2%

 

12:30

USD

Empire State Manufacturing Index

7.4

 

13:00

USD

TIC Long-Term Purchases

55.0B

 

13:15

USD

Capacity Utilization Rate

78.9%

 

13:15

USD

Industrial Production m/m

0.4%

 

14:30

USD

Crude Oil Inventories

-3.7M

Aug 16

12:30

CAD

Foreign Securities Purchases

26.11B

 

12:30

CAD

Manufacturing Sales m/m

-0.4%

 

12:30

USD

Building Permits

0.76M

 

12:30

USD

Unemployment Claims

361K

 

12:30

USD

Housing Starts

0.76M

 

14:00

USD

Philly Fed Manufacturing Index

-12.9

Aug 17

12:30

CAD

Core CPI m/m

-0.4%

 

12:30

CAD

CPI m/m

-0.4%

 

13:55

USD

Prelim UoM Consumer Sentiment

72.3

Government Bond Auctions

Date  Time  Country 

Aug 14  09:10  Greece 

Aug 14  09:10  Italy

Aug 14  09:30  Belgium

Aug 14  14:30  UK

Aug 15  09:10  Sweden

Aug 16  09:30  UK

Aug 16  15:00  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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