USD/CAD Fundamental Analysis October 8, 2012 Forecast

Posted October 05, 2012 15:52 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

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

Analysis and Recommendations:

The USD/CAD fell to 0.9747, after today’s NFP’s came in slightly lower than analyst expectations at 114k/115k while the Unemployment Rate dropped to 7.8% against forecasts of 8.2%. Canadian Unemployment rose to 7.4% from 7.3% but the Net Change in Employment came in at 52.1/10.

As investors digest the information, the cross was seen trading in the region of 0.9759, down -0.46% in these moments.

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 5, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 05	JPY	Interest Rate Decision	0.10%	0.10%	0.10%
	JPY	BoJ Press Conference
	EUR	GDP (QoQ)	-0.2%	-0.2%	-0.2%
	EUR	German Factory Orders (MoM)	-1.3%	-0.5%	0.3%
	BRL	Brazilian CPI (YoY)	5.28%	5.27%	5.24%
	USD	Average Hourly Earnings (MoM)	0.3%	0.2%	0.0%
	CAD	Building Permits (MoM)	7.9%	-1.0%	-2.8%
	CAD	Employment Change	52.1K	10.0K	34.3K
	USD	Nonfarm Payrolls	114K	113K	142K
	USD	Unemployment Rate	7.8%	8.2%	8.1%
	CAD	Unemployment Rate	7.4%	7.0%	7.3%
	USD	Average Weekly Hours	34.5	34.4	34.4
	USD	Private Nonfarm Payrolls	104K	130K	97K

Government Bond Auction

Date Time Country

Oct 08 09:10 Norway

Oct 08 15:30 Italy

Oct 09 08:30 Holland

Oct 09 09:30 UK

Oct 09 14:30 UK

Oct 09 17:00 US

Oct 10 09:10 Italy

Oct 10 09:10 Sweden

Oct 10 09:30 Germany

Oct 10 09:30 Swiss

Oct 10 14:30 Sweden

Oct 10 17:00 US

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