USD/CAD Fundamental Analysis October 9, 2012 Forecast

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By FX Empire Analyst - Barry Norman
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USD/CAD Fundamental Analysis October 9, 2012 Forecast

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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