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 |
380K |
372K |
|
|
Sep. 28 |
13:30 |
CAD |
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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