USD/CAD Fundamental Analysis May 22, 2012, Forecast

Analysis and Recommendations:

The USD/CAD is trading at 1.2016 almost at the close of Friday; taking clues from the global Fx markets the pair saw little movement. The day lacked any financial data, news or eco data to move the markets and the political turmoil in the EU was toned down.

Later this week there are a series of US and CAD eco data that should wake this pair up a bit. The markets remain in risk aversion mode.

Sentiment in trade was sanguine after Chinese premier Wen Jiabao stressed the importance of adjusting policies decisively to prevent a rapid economic slowdown. Also, G8 leaders vowed to work closely to tame the crisis in the EU-region and urged Greece to remain in the Euro zone as mounting debt concerns in the region threatens world economy.

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 May 21, 2012 actual v. forecast

 

Upcoming Economic Events that affect the CAD and USD

Government Bond Auctions (this week)

Date  Time  Country 

May 22 08:30 Holland 

May 22 08:30 Spain 

May 22 17:00 US 

May 23 09:10 Sweden 

May 23 09:30 Germany 

May 23 14:30 Sweden 

May 23 17:00 US

May 24 15:30 Italy

May 24 17:00 US

May 25 15:30 Italy