USD/CAD Fundamental Analysis October 15, 2012 Forecast

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USD/CAD Fundamental Analysis October 15, 2012 Forecast

USD/CAD Fundamental Analysis October 15, 2012 Forecast

Analysis and Recommendations:

The USD/CAD is trading at 0.9792 as the USD strengthened on stronger eco data, with consumer sentiment climbing after a fairly positive PPI release. Yesterday the Canadian Dollar was bolstered after nations’ trade deficit narrowed and amid a rise in its new housing price index. Canada’s trade deficit narrowed to $1.3 billion in August, from a revised $2.5 billion deficit in July. Meanwhile, the new housing price index rose 0.2% (MoM) in September, against expected rise of 0.1%

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 October 12, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Oct. 12

 

JPY

 

 

Tertiary Industry Activity Index (MoM) 

0.4%

 

0.5% 

 

-1.9% 

  

 

 

INR

 

 

Indian Industrial Production (YoY) 

2.7%

 

1.1% 

 

-0.2% 

  

 

 

EUR

 

 

Industrial Production (MoM) 

0.6%

 

-0.4% 

 

0.6% 

 

 

 

 

USD

 

 

Core PPI (MoM) 

0.0%

 

0.2% 

 

0.2% 

 

 

 

 

USD

 

 

PPI (MoM) 

1.1%

 

0.7% 

 

1.7% 

 

 

 

 

USD

 

 

PPI (YoY) 

2.1%

 

1.8% 

 

2.0% 

 

 

 

 

USD

 

 

Core PPI (YoY) 

2.3%

 

2.5% 

 

2.5% 

 

 

 

 

USD

 

 

Michigan Consumer Sentiment 

83.1

 

78.0 

 

78.3 

  

 

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

(No US or Canadian releases are scheduled)

Date

Time

Currency

Event

Previous

Oct. 15 

08:15

CHF

PPI (MoM) 

0.5%

Government Bond Auction

Date Time Country 

Oct 15 09:10 Slovakia 

Oct 15 10:00 Norway 

Oct 16 08:30 Spain 

Oct 16 09:10 Greece 

Oct 16 09:30 Belgium 

Oct 17 09:10 Sweden 

Oct 17 09:30 Germany 

Oct 17 09:30 Portugal 

Oct 17 10:00 Norway 

Oct 17 14:30 Sweden 

Oct 18 08:30 Spain 

Oct 18 08:50 France 

Oct 18 09:30 UK 

Oct 18 09:50 France 

Oct 18 14:30 Sweden 

Oct 18 15:00 US 

Oct 18 17:00 US

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About:FX Empire Analyst - Barry Norman

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