USD/CAD Fundamental Analysis August 7, 2012, Forecast

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

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

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
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

  View all of FX Empire Analyst - Barry Norman's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.