USD/CAD Fundamental Analysis December 27, 2012 Forecast

Analysis and Recommendations:

The USD/CAD is trading at 0.9936 with the US dollar gaining significantly against the Looney as Canadian markets remain shuttered for Boxing Day and US markets reopen after the Christmas holiday with low volume and little news or eco data. The US dollar weakened against most of the crosses today after news that Congress would resume negotiations tomorrow to resolve the fiscal dilemma facing them in a few days. President Obama made a brief statement today assuring markets that everyone in Washington would be hard at work coming up with a resolution within the next few days. Markets are now expecting an agreement by Friday.

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 December 26, 2012 actual v. forecast

Markets were closed on Christmas day and there were no economic releases or major data reports.

 

Upcoming Economic Events that affect the CHF, EUR, GBP, CAD and USD

Government Bond Auction

Date Time Country 

Dec 27 10:10 Italy  

Dec 28 10:10 Italy