News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Dogecoin continues to trade higher with explosive energy, attesting to the cryptocurrency's new clout. Meanwhile, Bitcoin and Ethereum sink. Get your #Dogecoin market update from @FxWestwater here:https://t.co/ohw714KqB2 https://t.co/kAJapqX1Yi
  • Heads Up:🇦🇺 Ai Group Services Index (APR) due at 22:30 GMT (15min) Previous: 58.7 https://www.dailyfx.com/economic-calendar#2021-05-06
  • The US Dollar is still struggling against most ASEAN currencies. USD/SGD remains downside-focused despite recent gains. USD/THB is eyeing a triangle. USD/IDR and USD/PHP may point lower. Get your market update from @ddubrovskyFX here:https://t.co/6Nvvmz8h6d https://t.co/dX69A341oc
  • US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/06/us-dollar-outlook-usd-cad-volatility-to-rise-jobs-data-looms.html #NFP $DXY $USDCAD https://t.co/OIYZ2YXxLK
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 22:05 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-06
  • The Federal Reserve discussed the vulnerability of asset prices should appetite change. Get your market update here: https://t.co/0nAEKEX1eh https://t.co/BD24UcDeyT
  • EUR/USD stronger amid broad USD weakness on Thursday $EURUSD https://t.co/h042KoSyuA
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.98% 🇨🇭CHF: 0.60% 🇦🇺AUD: 0.49% 🇳🇿NZD: 0.26% 🇯🇵JPY: 0.11% 🇬🇧GBP: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4u2cNfSmLn
  • RT @BrendanFaganFx: Federal Reserve Hints at Potential Declines in Asset Prices, Calls for Hedge Fund Transparency #Fed #FederalReserve #F…
  • Both EUR/JPY and EUR/USD are hovering near multi-year downtrend downtrends, while EUR/GBP may still have more room to the topside. Get your $EUR market update from @CVecchioFX here:https://t.co/2SYCKwz8hz https://t.co/tj6UQUDzRL
Forex News: Canadian Existing Home Sales Fall in October; CAD Gains

Forex News: Canadian Existing Home Sales Fall in October; CAD Gains

Renee Mu, DailyFX Research,

THE TAKEAWAY:[Canadian Existing Home Sales dip in October] > [Tighter lending conditions have come into effect] > [USD/CAD BEARISH]

Canadian Existing Home Sales dropped in October, adding to signs that Canada’s real estate sector has started to contract. According to the Canadian Real Estate Association, home sales activity weakened in October to 36,492 units sold, from 36,545 units a month ago. However in the capital Toronto, sales of real estate stayed at a faster growth rate of +1.5% in October. Meanwhile, average prices, seasonally adjusted, had risen by +0.1% from the preceding month.

In October, both homebuyers and mortgage lenders continue experiencing tightening conditions set by the Canadian government, aiming to deflate a possible housing bubble before it bursts. Today’s data suggests that the pace of housing starts has already been slowed as tighter lending conditions remain in effect.

USD/CAD 1-minute Chart: November 15, 2012

Forex_News_Canadian_Existing_Home_Sales_Fall_in_October_CAD_Gains_body_USDCAD.jpg, Forex News: Canadian Existing Home Sales Fall in October; CAD Gains

Charts Created using Marketscope – Prepared by Renee Mu

In the minutes after Canadian Existing Home Sales report was released, the Canadian dollar gained further against the USDollar. As can be seen on the 1-minute chart, the USD/CAD declined to 1.0014 from 1.0021 within five minutes of the release. At the time this report was written, the USD/CAD pair was trading around 1.0014.

--- Written by Renee Mu, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES