USD/CAD Fundamental Analysis August 14, 2012, Forecast

Posted August 13, 2012 15:12 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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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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