USD/CAD Fundamental Analysis January 1, 2013, Forecast

Analysis and Recommendations:

The USD/CAD fell as traders moved from to the sidelines as US lawmakers continued to try to resolve an impasse in economic negotiations to avoid the deadline just a few hours from now. The US is the main market focus at this time, with trading light ahead of early closure for the New Year’s holiday.

Gold remains weak still not recovering from yesterday’s losses and oil continues to retreat as trades worry about the effects on the US economy. The USD/CAD is trading at 0.9948 as markets trade early in the day.

Our fundamental analysis will not be published tomorrow, as we celebrated the New Year’s holiday and global markets are shuttered. I would like to take this time to wish all of my readers and followers the best in the New Year… Here’s to profitable trading.

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 31, 2012 actual v. forecast

 

Upcoming Economic Events that affect the CAD and USD

Upcoming Government Bond

Date Time Country 

Thursday, January 5: France will auction an estimated €7-8 billion ($9.1-10.4 billion) in 10-year and other long-term bonds 

Tuesday, January 10: Austria will auction €1.3 billion ($1.7 billion) in 5- and 10-year bonds

Thursday, January 12: Spanish 3- and 5-year bond auction

Friday, January 13: Italy will auction medium-long term bonds

Thursday, January 19: France will auction 5-year bonds

Thursday, January 19: Spanish 10-, 15-, and 30-year bond auction

Thursday, January 26: Italian long-term bond auction

Monday, January 30: Italian medium-long term bond auction

Monday, January 30: Belgian bond auction