By FXEmpire.com
Analysis and Recommendations:
The USD/CAD is trading at 1.0198 in early morning US trading. Canada’s trade deficit grew a small bit in May, as exports were relatively unchanged from the previous month and imports increased 0.4%. Statistics Canada said that Canada’ trade deficit widened to CAD 0.8 billion in May, compared to expectations for a deficit of CAD1.0 billion.
The U.S. trade deficit narrowed in line with market expectations in May, as exports inched up 0.2% and imports fell 0.7%. The U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD48.7 billion in May from deficit of USD50.6 billion in April.
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 July 11, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 11 |
AUD |
RBA Assist Gov Lowe Speaks |
|||
|
KRW |
South Korean Unemployment Rate |
3.2% |
3.2% |
3.2% |
|
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.7% |
0.2% |
-0.2% |
|
|
AUD |
Westpac Consumer Sentiment |
3.70% |
0.30% |
||
|
AUD |
Home Loans (MoM) |
-1.2% |
0.7% |
0.5% |
|
|
EUR |
German CPI (MoM) |
-0.1% |
-0.1% |
-0.1% |
|
|
EUR |
German CPI (YoY) |
1.7% |
1.7% |
1.7% |
|
|
EUR |
German 10-Year Bund Auction |
1.310% |
1.520% |
||
|
CAD |
Trade Balance |
-0.8B |
-1.0B |
-0.6B |
|
|
USD |
Trade Balance |
-48.7B |
-48.5B |
-50.6B |
Upcoming Economic Events that affect the CAD and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 12 |
12:30 |
CAD |
0.2% |
|
|
12:30 |
USD |
|||
|
12:30 |
USD |
-1.0% |
||
|
18:00 |
USD |
-124.6B |
||
|
Jul 13 |
12:30 |
USD |
-1.0% |
|
|
13:55 |
USD |
73.2 |
Government Bond Auctions
Date Time Country
Jul 12 09:10 Italy
Jul 12 09:30 UK
Jul 12 15:00 US
Jul 12 17:00 US
Jul 13 09:10 Italy
Jul 13 10:00 Belgium
Click here for further USD/CAD Forecast.
Originally posted here
