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.

Free Trading Guides
EUR/USD
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
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
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • US tech stocks turn positive in afternoon trading, following the Dow Jones and SP500 into positive territory https://t.co/stt1JvXAaH
  • Update on #Cryptocurrencies #BITCOIN -0.91% #BITCOINCASH +1.48% #ETHEREUM -1.58% #RIPPLE -1.35% #LITECOIN -2.48%
  • $AUDUSD pushes further into multi-month highs this morning as risk appetite improves https://t.co/jCjpOT2kbP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 73.36%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZZhiVDU0Ey
  • The #Euro Stoxx 50 has made a firm break away from its 50% fib retracement to trade at its highest level since early March. Get your equities market update from @JMcQueenFX here:https://t.co/TeIdfHjbUj https://t.co/IPSBuPQ3YF
  • New York Virus cases rise 0.4% compared to 7-day average of 0.3% - BBG
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.91% Gold: -0.86% Silver: -2.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/slar5zMmAp
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.19% 🇳🇿NZD: 0.91% 🇨🇦CAD: 0.47% 🇪🇺EUR: 0.35% 🇨🇭CHF: -0.08% 🇯🇵JPY: -0.94% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/212TNo9F85
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.45% France 40: 0.14% US 500: 0.11% Germany 30: 0.11% FTSE 100: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hJWuqYgXB7
  • Hey traders! Why is US indices a good benchmark? Find out from @DailyFX Chief Strategist, @JohnKicklighter 👇 as he covers the US market highlights today! https://t.co/cRetV7qC8m
Forex: Canada Retail Sales Rose More Than Expected in October; CAD Strengthened

Forex: Canada Retail Sales Rose More Than Expected in October; CAD Strengthened

2012-12-20 14:18:00
Renee Mu, Currency Analyst
Share:

THE TAKEAWAY: [Canada retail sales unexpectedly rose 0.7 percent] > [Stronger spending in automobiles] > [CAD strengthened,USD/CAD declined]

Retail sales in Canada increased faster than expected in October for the fourth time, with a jump in new car sales. Ottawa-based Statistics Canada reported today that retail sales climbed 0.7 percent in October from a month ago, following a revised gain of 0.2 percent from a 0.1 percent increase initially reported. October’s figure beats the consensus forecast of economists surveyed by Bloomberg News, which had called for a 0.2 percent growth.

Automobile and parts sales rose the most among all subsectors, up 1.6 percent to C$8.96 billion, while gasoline station receipts gained 1.6 percent to C$5.10 billion. Sales excluding autos grew 0.5 percent in October which also exceeded economist forecast for a 0.2 percent gain.

Coupled with above-forecast increases in employment and wholesales earlier this month, the boost in retail sales adds to signs that Canada’s economy may be recovering after a weak third quarter.

USD/CAD 1-minute Chart: December 20, 2012

Forex_Canada_Retail_Sales_Rose_More_Than_Expected_in_October_CAD_Strengthened__body_1220.png, Forex: Canada Retail Sales Rose More Than Expected in October; CAD Strengthened

The Canadian dollar surged against the U.S. dollar following the release of the stronger-than-expected retail sales figures. As can be seen from the one-minute chart above, the USD/CAD pair fell to C$0.9882 from C$0.9887. At the time this report was written, the loonie remained higher against the greenback, with the USD/CAD pair trading at C$0.9875.

--- Written by Renee Mu, DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.