USD/CAD Fundamental Analysis January 18, 2013 Forecast

Analysis and Recommendations:

The USD/CAD is trading at 0.9850 slightly down as the US dollar is losing some momentum after positive eco data showing a jump in housing starts and a strong jobs report helped traders look for more risk. Crude oil continues to climb helping to support the CAD. The CAD saw a huge drop in Foreign Security Purchases this morning which surprised markets as Canada has a strong AAA rating one of the few countries that is not on a negative watch list at present. The data was important as “foreign investment flows into Canada have been an important support for the Canadian dollar over the last year and are expected to continue.

In the U.S., the Commerce Department said housing starts came in at a seasonally adjusted annual rate of 954,000 during December. It was the fastest pace since the summer of 2008. And the Labor Department reported that the number of Americans seeking unemployment aid fell to a five-year low last week.

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 January 17, 2013 actual v. forecast

 

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

Upcoming Government Bond

Date Time Country 

Jan 21 10:00 Slovakia 

Jan 22 09:10 Holland 

Jan 22 09:30 Spain 

Jan 22 10:30 UK 

Jan 23 10:10 Sweden 

Jan 23 16:30 Italy  

Jan 24 01:30 Japan 

Jan 24 12:00 Norway 

Jan 24 15:30 Sweden 

Jan 24 16:00 US 

Jan 24 16:30 Italy  

Jan 24 18:00 US 

Jan 25 16:30 Italy