Economic Events: (GMT)

There are no economic major economic events scheduled in Canada or the US on Wednesday

USD/CAD
USD/CAD Fundamental Analysis February 8, 2012, Forecast

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

USD/CAD Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.9870
0.9905
0.9926
0.9961
0.9982
1.0017
1.0038

Fibonacci
0.9905
0.9926
0.9939
0.9961
0.9982
0.9995
1.0017

Camarilla
0.9931
0.9936
0.9941
0.9961
0.9952
0.9957
0.9962

Woodie's
-
0.9901
0.9918
0.9957
0.9974
1.0013
-

DeMark's
-
-
0.9971
0.9956
0.9915
-
-