USD/CAD Fundamental Analysis October 1, 2012 Forecast
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Analysis and Recommendations:
The USD/CAD is trading at 0.9837 on a strengthening USD, although negative eco data and lackluster reports will continue to weigh on the USD in today’s session. Core CPI, Personal Spending and GDP all printed at forecast with Chicago PMI falling under 50 unexpectedly and Michigan Consumer Sentiment turning negative.
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 September 28, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 28 |
|
KRW |
|
|
South Korean Industrial Production (YoY) |
0.3% |
|
0.4% |
|
0.2% |
||
|
|
|
JPY |
|
|
Unemployment Rate |
4.2% |
|
4.3% |
|
4.3% |
|
|
|
|
|
JPY |
|
|
Tokyo Core CPI (YoY) |
-0.4% |
|
-0.3% |
|
-0.5% |
|
|
|
|
|
JPY |
|
|
Industrial Production (MoM) |
-1.3% |
|
-0.5% |
|
-1.0% |
|
|
|
|
|
JPY |
|
|
Retail Sales (YoY) |
1.8% |
|
-0.2% |
|
-0.8% |
|
|
|
|
|
EUR |
|
|
French GDP (QoQ) |
0.0% |
|
0.0% |
|
0.0% |
|
|
|
|
|
EUR |
|
|
French Consumer Spending (MoM) |
0.4% |
|
-0.1% |
|
0.4% |
||
|
|
|
CHF |
|
|
KOF Leading Indicators |
1.67 |
|
1.57 |
|
1.59 |
||
|
|
|
EUR |
|
|
CPI (YoY) |
2.7% |
|
2.4% |
|
2.6% |
|
|
|
|
|
USD |
|
|
Core PCE Price Index (MoM) |
0.1% |
|
0.1% |
|
0.1% |
||
|
|
|
CAD |
|
|
GDP (MoM) |
0.2% |
|
0.2% |
|
0.1% |
||
|
|
|
USD |
|
|
Personal Spending (MoM) |
0.5% |
|
0.5% |
|
0.4% |
|
|
|
|
|
USD |
|
|
Chicago PMI |
49.7 |
|
53.0 |
|
53.0 |
|
|
|
|
|
USD |
|
|
Michigan Consumer Sentiment |
78.3 |
|
79.0 |
|
79.2 |
|
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Oct 1 |
15:00 |
USD |
49.8 |
49.6 |
Government Bond Auction
Date Time Country
Oct 01 10:00 Norway
Oct 02 09:15 Austria
Oct 02 09:30 Belgium
Oct 02 09:30 UK
Oct 02 14:30 UK
Oct 03 09:10 Sweden
Oct 03 10:00 Norway
Oct 04 08:30 Spain
Oct 04 08:50 France
Oct 04 15:00 US
Oct 05 15:30 Italy
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