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

• US Import Price Index: The Import Price Index is expected to decrease by 0.5% in September monthly and by 11.2% annualized. Forex traders can compare this to the 1.8% contraction which was reported in the Import Price Index for August monthly and 11.4% annualized. The persistent deflationary pressures in the US economy have kept the US Fed from increasing interest rates. Inflation in the US is unlikely to pick-up and the deflation will keep the central bank from raising interest rates. The US Dollar could face heavy selling pressure as a result of this and the longer the US Fed will keep interest rates unchanged the steeper the US Dollar could fall.
• US Wholesale Inventories and Wholesale Trade Sales: Wholesale Inventories are expected to show no change for August. Forex traders can compare this to the decrease of 0.1% in Wholesale Inventories which was reported in July. Wholesale Trade Sales are expected to decrease by 0.4% in August monthly and forex traders can compare this to the decrease of 0.3% in Wholesale Trade Sales which was reported in July. This shows a decrease in production in the US as demand is low and does not justify to keep stock in warehouses. This is another strong indicator that the US economy is much weaker than many have hoped for and will keep interest rates low for a much longer time than is currently accounted for.

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

• Canadian Employment Report: The Canadian economy is expected to have added 10,000 jobs in September. Forex traders can compare this to the 12,000 jobs which were added in August. The unemployment rate is expected at 6.9% and the labor force participation rate expected at 65.8%. Forex traders can compare this to August’s unemployment rate of 7.0% and labor force participation rate of 65.9%. Forex traders should also look at the composition of the job additions between full-time jobs and part-time jobs. August’s figure had the right composition as 54,400 jobs were added and 42,400 part-time jobs were lost.
• Canadian Business Outlook Future Sales: Canadian Business Outlook Future Sales are expected to decrease to 4 in third-quarter. Forex traders can compare this to the 8 which was reported in the second-quarter.

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