By FXEmpire.com
Analysis and Recommendations:
The USD/CAD is trading at 1.0030 as the USD continues to garner strength against its northern neighbor. The Looney has tumbled drastically over the past weeks on weak eco data and then lately on the effects that gold and oil have on Canadian exports. Canada’s primary exports are commodities to the US and with gold and oil falling in the past weeks; this has a negative effect on the Canadian 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, which cover the current week and are published by Sunday before the new week begins.
Economic Data May 14, 2012 actual v. forecast
|
May 14 |
02:30 |
AUD |
Home Loans (MoM) |
0.3% |
-2.0% |
-2.5% |
|
08:15 |
CHF |
PPI (MoM) |
-0.1% |
0.3% |
0.3% |
|
|
10:00 |
EUR |
Industrial Production (MoM) |
-0.3% |
0.4% |
0.8% |
|
|
10:10 |
EUR |
Italian 10-Year BTP Auction |
5.66% |
5.84% |
Upcoming Economic Events that affect the CAD and USD
|
May 16 |
13:30 |
CAD |
Manufacturing Sales (MoM) |
-0.30% |
|
May 17 |
13:30 |
CAD |
Foreign Securities Purchases |
12.50B |
|
13:30 |
CAD |
Wholesale Sales (MoM) |
1.6% |
|
|
May 18 |
13:30 |
CAD |
Core CPI (MoM) |
0.3% |
|
13:30 |
CAD |
CPI (MoM) |
0.4% |
|
|
13:30 |
CAD |
CPI (YoY) |
1.9% |
Government Bond Auctions (this week)
Date Time Country
May 15 09:30 Belgium
May 15 09:30 UK
May 16 08:50 France
May 16 09:10 Sweden
May 16 09:30 Germany
May 16 09:50 France
May 16 14:30 Sweden
May 17 08:30 Spain
May 17 15:00 US
May 17 17:00 US
Click here for updated USD/CAD News.
Originally posted here
