By FXEmpire.com
Analysis and Recommendations:
The USD/CAD is currently trading at 1.0191 as one of the only trading partners of the USD that has climbed today. The USD has been weak throughout the day on expectations that the US FOMC will introduce additional monetary programs.
USDCAD has maintained its decline below 1.0200, however further losses have yet to be seen. In this environment, even oil prices and equity futures are seeing limited movement, suggesting a widespread desire to ‘wait and see’. There are no domestic data releases today, leaving CAD to trade in line with broader market sentiment. However, the remainder of the week contains two high level releases (retail sales and CPI.
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 for June 20, 2012 actual. v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
JPY |
Trade Balance |
-0.66T |
-0.36T |
-0.51T |
|
|
GBP |
Average Earnings Index +Bonus |
1.4% |
0.8% |
0.9% |
|
|
GBP |
Claimant Count Change |
8.1K |
-3.0K |
-12.8K |
|
|
USD |
Interest Rate Decision |
0.25% |
0.25% |
||
|
USD |
FOMC Statement |
||||
|
USD |
Fed Chairman Bernanke Speaks |
Upcoming Economic Events that affect the CAD and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 21 |
12:30 |
CAD |
0.1% |
||
|
12:30 |
CAD |
0.4% |
|||
|
12:30 |
USD |
386K |
|||
|
13:00 |
USD |
54.0 |
|||
|
14:00 |
USD |
4.62M |
|||
|
14:00 |
USD |
-5.8 |
|||
|
Jun 22 |
12:30 |
CAD |
0.4% |
Upcoming Government Bond Auctions
Date Time Country
Jun 21 08:30 Spain
Jun 21 08:50 France
Jun 21 09:30 UK
Jun 21 09:50 France
Jun 21 15:00 US
Jun 21 17:00 US
Jun 22 15:30 Italy
Jun 25 09:10 Norway
Jun 25 09:30 Germany
Jun 25 10:00 Belgium
Jun 25 15:30 Italy
Jun 26 00:30 Japan
Jun 26 08:30 Holland
Jun 26 08:30 Spain
Jun 26 09:10 Italy
Jun 26 09:30 UK
Jun 26 14:30 UK
Jun 26 17:00 US
Click here a current USD/CAD Chart.
Originally posted here
