By FXEmpire.com
Analysis and Recommendations:
The USD/CAD is trading at 1.0446 as the stronger USD adds a few pips on the back of Friday’s consumer confidence release which gave momentum to the greenback. There has been data in Canada or the US and little news flow to affect this pair. Not until the 22nd does the market heat up in Canada with Retail Sales and US home sales.
Unfortunately there just isn’t much to print about this pair.
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 August 20, 2012 actual v. forecast
A very lite day
|
Aug. 16 |
NZD |
PPI Input (QoQ) |
0.6% |
-0.2% |
0.3% |
||
|
Aug. 17 |
USD |
Michigan Consumer Sentiment |
73.6 |
72.4 |
72.3 |
||
|
Aug. 20 |
GBP |
Rightmove House Price Index (MoM) |
-2.4% |
-1.7% |
|||
Upcoming Economic Events that affect the CAD and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 22 |
12:30 |
CAD |
0.5% |
|
|
12:30 |
CAD |
0.3% |
||
|
14:00 |
USD |
4.37M |
||
|
14:30 |
USD |
-3.7M |
||
|
18:00 |
USD |
|||
|
Aug 23 |
12:30 |
USD |
366K |
|
|
13:00 |
USD |
51.4 |
||
|
14:00 |
USD |
350K |
Click here a current USD/CAD Chart.
Originally posted here
