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
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
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
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.42% 🇬🇧GBP: 0.36% 🇨🇭CHF: 0.24% 🇦🇺AUD: 0.20% 🇳🇿NZD: 0.09% 🇯🇵JPY: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Ibyq0gaddd
  • Silver posting a decent session, rising over 1% during trade $XAG $USD https://t.co/3bcmpF908p
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.12% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1EMCChMyKN
  • Senate vote was 156 to 140
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9OZ88CUGm1
  • BHP Billiton Q2 copper output 428,100 tons vs Est. 385,000 tons
  • PM Conte survives confidence vote with 154 votes in favour, however, this is short of the absolute majority of 161 votes needed While little reaction in Euro, BTPs will give a signal of sentiment regarding Italian politics at tomorrow's open https://t.co/3CRMwH1GUu
  • The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. Get your $USDCAD marketing update from @CVecchioFX here:https://t.co/gyUcAYZRSC https://t.co/DZVFybVVJd
  • 🇺🇸 Overall Net Capital Flows (NOV) Actual: $214.1B Previous: $-11.1B https://www.dailyfx.com/economic-calendar#2021-01-19
  • I do agree their weak EPS might be a knock on their ability to capitalize on the current situation. I suspect many investors will look right past that to highlight the change in net subscribers added which smashed expectations https://t.co/S9fzVqMn4g
Forex: Canada Housing Starts Fell in November; USD/CAD Mixed

Forex: Canada Housing Starts Fell in November; USD/CAD Mixed

Renee Mu, Currency Analyst

THE TAKEAWAY: [Canada housing starts dropped more than expected in November] > [Homebuilding continued slowdown amid tighter conditions] > [USD/CAD mixed]

Housing starts in Canada declined more than expected in November because of slowdowns in residential construction in both urban and rural areas. The Canada Mortgage and Housing Corporation reported today that housing starts fell to 196,100 on a seasonally adjusted annual basis in November, the fourth decline since August. The dwelling body revised its figure for October downwardly to 203,500 from 204,100 initially reported. The median forecast of economist surveyed by Bloomberg News had called for 200,000 housing starts in November.

Multiple-unit starts in urban areas contributed the most to the drop in housing starts, falling 4.0 percent to 174,323, and single-family starts declined 3.2 percent to a pace of 115,717. Today’s data suggests that the pace of housing starts continued to slow down and is likely to keep contracting over the next few months, due to the introduction of tighter federal regulations in Canada’s mortgage market.

USD/CAD 1-minute Chart: December 10, 2012

Forex_Canada_Housing_Starts__body_1210.jpg, Forex: Canada Housing Starts Fell in November; USD/CAD Mixed

Trading of the Canadian dollar was mixed against the U.S. dollar in the minutes following the release of the housing data. At the time this report was written, the USD/CAD pair was trading at C$0.9879.

--- Written by Renee Mu, DailyFX Research

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

DISCLOSURES