USD/CAD Fundamental Analysis July 13, 2012, Forecast

Analysis and Recommendations:

The USD/CAD in early morning trading is exchanging at 1.0232. The USD remains extremely strong trading at 83.99 on the DX.

There are no Canadian releases, events or bond auctions today. There has been some chatter in the market of late about how economists have been chasing markets with their forecasts for the BoC’s overnight rate being pushed into 2013 of late, including articles to this effect on respected newswires.

In the US today, the unemployment report came in close to forecast, it added support to the USD which continues to climb as the day moves forward.

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 13, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Jul. 12	AUD	RBA Assist Gov Lowe Speaks
KRW	South Korean Interest Rate Decision	3.00%	3.25%	3.25%
AUD	Employment Change	-27.0K	0.3K	27.9K
AUD	Unemployment Rate	5.2%	5.2%	5.1%
JPY	Interest Rate Decision	0.10%	0.10%	0.10%
EUR	French CPI (MoM)	0.0%	-0.1%	-0.1%
JPY	BoJ Press Conference
EUR	Industrial Production (MoM)	0.6%	-0.1%	-1.1%
USD	Import Price Index (MoM)	-2.7%	-1.7%	-1.0%
USD	Initial Jobless Claims	350K	372K	374K
USD	Continuing Jobless Claims	3304	3300K	3306K