USD/CAD Fundamental Analysis September 26, 2012 Forecast

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Analysis and Recommendations:

The USD/CAD was trading at 0.9799 with the US dollar slightly strong in early morning US trading. As markets opened the USD was picking up strength as hopes for positive data will be seen today. Consumer confidence and housing data as well as the Richmond Fed index are scheduled for release while in Canada retail sales might hold a lot of risk for the CAD

This report is being written earlier than usual, so most of the eco data has not been released in North America.

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 25, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 25

 

AUD

 

 

RBA Financial Stability Review 

 

 

 

 

 

 

 

 

 

EUR

 

 

GfK German Consumer Climate 

5.9

 

5.9 

 

5.9 

 

 

 

 

PLN

 

 

Polish Unemployment Rate 

12.40%

 

12.30% 

 

12.30% 

 

 

 

 

GBP

 

 

BBA Mortgage Approvals 

30.5K

 

28.6K 

 

28.8K 

   

 

Upcoming Economic Events that affect the CAD and USD

Date

Time

Currency

Event

Forecast

Previous

Sep. 26 

15:00

USD

New Home Sales 

380K

372K

Sep. 28 

13:30

CAD

GDP (MoM) 

 

0.2%

Government Bond Auction

Date Time Country 

Sep 26 09:10 Italy  

Sep 26 09:10 Sweden 

Sep 26 09:00 Germany 

Sep 26 14:30 Sweden 

Sep 26 17:00 US 

Sep 27 00:30 Japan 

Sep 27 09:10 Italy  

Sep 27 17:00 US 

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About: FX Empire Analyst - Barry Norman

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