Economic Events: (GMT)
There are no economic major economic events scheduled in Canada or the US on Wednesday
USD/CAD Fundamental Analysis February 8, 2012, Forecast
Analysis and Recommendations:
The USD/CAD is currently trading at 0.9952 down from the high of .9995, earlier in the day, the Building Permits report was released coming it well over forecast and boosting the Canadian Dollar, for a short period and then settling back close to early morning trading, until news of a possible Greek agreement was released and the USD plunged, too hard and too far, pushing this pair to down. Wednesday should see the USD recover some of its losses.
Review of Tuesdays Economic Reports
|
00:01 |
GBP |
BRC Retail Sales Monitor (YoY) |
-0.3% |
-0.8% |
2.2% |
|
03:30 |
AUD |
Interest Rate Decision |
4.25% |
4.00% |
4.25% |
|
03:30 |
AUD |
RBA Rate Statement |
|||
|
05:00 |
JPY |
Leading Index |
94.3 |
93.8 |
93.7 |
|
07:45 |
EUR |
French Trade Balance |
-5.0B |
-5.3B |
-4.1B |
|
08:00 |
TWD |
Taiwanese Trade Balance |
0.42B |
2.10B |
2.31B |
|
11:00 |
EUR |
German Industrial Production |
-2.9% |
-0.1% |
0.0% |
|
11:30 |
CLP |
Chilean Trade Balance |
1.98B |
1.15B |
0.39B |
|
13:30 |
CAD |
Building Permits (MoM) |
11.1% |
0.8% |
-2.6% |
|
15:00 |
USD |
IBD/TIPP Economic Optimism |
49.4 |
48.3 |
47.5 |
|
16:30 |
USD |
4-Week Bill Auction |
0.060% |
0.050% |
Scheduled Sovereign Bond Sales
Feb 08 10:10 Sweden Nominal bond auction
Feb 08 10:30 Germany Eur 4.0bn Feb 2017 Bobl
Feb 08 10:30 Swiss Bond auction
Feb 08 16:30 Italy Details BOT auction on Feb 13
Feb 08 18:00 US Auctions 10Y Notes
Feb 09 10:10 Sweden Sek 0.75bn I/L bond auction
Feb 09 15:30 Sweden Details I/L bond auction on Mar 23
Feb 09 16:00 US Announces auctions of 30Y TIPS on Feb 16
Feb 09 16:30 Italy Details BTP/CCTeu auction on Feb 14
Feb 09 18:00 Italy Auctions 30Y Bonds
Feb 10 11:00 Belgium OLO auction
Originally posted here
