USD/CAD Fundamental Analysis August 7, 2012, Forecast

Posted August 06, 2012 15:23 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

The USD/CAD is trading at 1.0017. Canadian markets are closed today for a local holiday. With little eco data last week the CAD moved in response to the USD and global markets. The surge in oil helped the Looney over the weekend, but oil is expected to decline.

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 6, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 06

AUD

MI Inflation Gauge (MoM)

0.2%

-0.2%

TWD

Taiwanese CPI (YoY)

2.46%

2.02%

1.77%

AUD

ANZ Job Advertisements (MoM)

-0.80%

-1.10%

GBP

Halifax House Price Index (MoM)

-0.6%

-0.5%

0.8%

Upcoming Economic Events that affect the CAD and USD

Date	Time	Currency	Event	Previous
Aug 7	12:30	CAD	Building Permits m/m	7.4%
	14:00	CAD	Ivey PMI	49.0
Aug 8	12:30	USD	Prelim Nonfarm Productivity q/q	-0.9%
	12:30	USD	Prelim Unit Labor Costs q/q	1.3%
	14:30	USD	Crude Oil Inventories
Aug 9	12:15	CAD	Housing Starts	223K
	12:30	CAD	Trade Balance	-0.8B
	12:30	CAD	NHPI m/m	0.3%
	12:30	USD	Trade Balance	-48.7B
	12:30	USD	Unemployment Claims
Aug 10	12:30	CAD	Employment Change	7.3K
	12:30	CAD	Unemployment Rate	7.2%
	12:30	USD	Import Prices m/m	-2.7%
	18:00	USD	Federal Budget Balance	-59.7B

Government Bond Auctions

Date Time Country

Aug 07 00:30 Japan

Aug 07 09:15 Austria

Aug 07 14:30 UK

Aug 07 17:00 US

Aug 08 09:30 Germany

Aug 08 10:00 Norway

Aug 08 15:30 Italy

Aug 08 17:00 US

Aug 09 15:30 Italy

Aug 09 17:00 US

Aug 10 10:00 Belgium

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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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