USD/CAD Fundamental Analysis October 9, 2012 Forecast

Posted October 08, 2012 14:01 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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USD/CAD Fundamental Analysis October 9, 2012 Forecast

Analysis and Recommendations:

The USD/CAD is holding at 0.9782 with very little activity with both US and Canadian markets closed. The US is celebrating Columbus Day and Canada is enjoying Thanksgiving. There is no data, but the drop in oil prices continues to weigh heavily on the Looney.

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 8, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Oct. 08

AUD

RBA Governor Stevens Speaks

CHF

Unemployment Rate

2.9%

3.0%

2.9%

CHF

CPI (MoM)

0.3%

0.3%

0.0%

EUR

German Industrial Production (MoM)

-0.5%

-0.8%

1.2%

Upcoming Economic Events that affect the CAD and USD

Date	Time	Currency	Event	Forecast	Previous
Oct. 09	13:15	CAD	Housing Starts	208.0K	224.9K
Oct. 11	13:30	CAD	Trade Balance	-2.0B	-2.3B

Government Bond Auction

Date Time Country

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

Oct 11 09:10 Italy

Oct 11 09:10 Sweden

Oct 11 09:30 UK

Oct 11 15:00 US

Oct 11 17:00 US

Oct 12 09:30 Germany

Oct 12 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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