USDCAD Fundamental Analysis – October 22nd 2015

USDCAD Fundamental Analysis – October 22nd 2015

Written by: PaxForex analytics dept - Thursday, 22 October 2015 0 comments

Here are the key factors to keep in mind today for US Dollar trades:

  • US Initial Jobless Claims and Continuing Jobless Claims: Initial Jobless Claims for the week of October 17th are expected at 265K and Continuing Jobless Claims for the week of October 10th are expected at 2,195K. Forex traders can compare this to Initial Jobless Claims for the week of October 10th of 255K and Continuing Jobless Claims for the week of October 3rd of 2,158K
  • US Chicago Fed National Activity Index: The Chicago Fed National Activity Index for September is expected at 0.00. Forex traders can compare this to the Chicago Fed National Activity Index for August at -0.41.
  • US House Price Index: The House Price Index for August is expected to increase by 0.4% monthly. Forex traders can compare this to the House Price Index of July which rose by 0.6% monthly.
  • US Existing Home Sales: Existing Home Sales for September are expected to increase by 1.1% to 5.37M monthly. Forex traders can compare this to Existing Home Sales for August which decreased by 4.8% to 5.31M monthly.
  • US Leading Indicators: Leading Indicators for September are expected to be flat at 0.0%. Forex traders can compare this to Leading Indicators for August which rose 0.1%.
  • US Kansas City Fed Manufacturing Activity: The Kansas City Fed Manufacturing Activity for October is expected at -9. Forex traders can compare this to the Kansas City Fed Manufacturing Activity for September which was at -8.

Here is the key factor to keep in mind today for Canadian Dollar trades:

  • Canadian Retail Sales: Canadian Retail Sales are expected to increase by 0.1% in August monthly and Canadian Retail Sales excluding Automotive Sales are expected to increase by 0.1% monthly as well. Forex traders can compare this to Canadian Retail Sales for July which rose by 0.5% monthly and to Canadian Retail Sales excluding Automotive Sales which were flat at 0.0%.

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.