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
Bullish
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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Encouraging move here for $GDX as it breaks out of its descending channel Meanwhile, $GLD remains locked in its downtrend https://t.co/5tetsfHsxw
  • Heads Up:🇺🇸 Fed Bostic Speech due at 15:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • $USDJPY has continued lower today amidst further weakness from the US Dollar, falling to an intraday low around the 108.60 level, its lowest point in three weeks. $USD $JPY https://t.co/xHm8sp9qsR
  • While things are remarkably quiet in many global indices, the situation on the German $DAX 30 is the most impressive. At a record high, it has carved out the narrowest 7-day historical range (as %age of spot) since October 2017. Break risk high https://t.co/u0d5BTxlsJ
  • Gold ($XAUUSD) is making a bid to break back above a frequented pivot level around 1765. This despite risk trends being up (against its haven status) and the Dollar holding steady (pricing factor) https://t.co/pmbnoxYCXf
  • USD/CAD: A convincing rejection of the 1.26 handle, which also coincided with the 50% fib of the 2021 range. Get your $USDCAD technical analysis from @JMcQueenFX here:https://t.co/VubZkkShN0 https://t.co/zhAZJXtoqm
  • Hey traders! Are we witnessing a clear stretch for S&P500 and Nasdaq? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/SMh1QQZ7lT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.46% 🇦🇺AUD: 0.38% 🇯🇵JPY: 0.26% 🇬🇧GBP: 0.05% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LaMYeDZc9M
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.86% FTSE 100: 0.85% Wall Street: 0.77% France 40: 0.46% Germany 30: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/oTS1NQDC68
  • Gold back towards key resistance (1760-65) that has capped rallies over the past two months - US yields at session lows providing the latest push higher https://t.co/u35ePHQXOb
Dollar Flat Despite US Pending Home Sales Rose in March

Dollar Flat Despite US Pending Home Sales Rose in March

Renee Mu, Currency Analyst

THE TAKEAWAY: [US Pending Home Sales rose 1.1% monthly; increased 5.8% yearly ] > [Rising household income and pickup in jobs support housing demand] > [USD/CAD Mixed]

The number of signed contracts to purchase previously owned homes in the U.S. increased in March, adding more signals to the housing market recovery. The National Association of Realtors reported today that its pending home sales index, a forward-looking indicator based on contract signings, climbed by 1.5 percent, following a 1.0 percent drop in February that was downwardly revised from negative 0.4 percent initially reported. The median forecast of 34 economists surveyed by Bloomberg News had projected a 1.0 percent rise in the Index. On a yearly basis, pending home sales rose 5.8 percent in March, well below the expectation for an 6.1 percent increase.

In specific, three of four regions showed increase in pending home sales from a month earlier. Contracts signings climbed by 2.7 percent in the South and 1.5 percent in the West. They were unchanged in the Northeast.

Record-low lending rates, higher home values and pickup in the labor market help boost the demand in housing sector. As builders and home owners are responding to the demand and make more homes available in the market, a limited supply of dwellings would be alleviated and therefore fuel stronger growth in real estate.

USD/CAD 1-minute Chart: April 29, 2013

Dollar_Flat_Despite_US_Pending_Home_Sales_Rose_in_March__body_Picture_1.png, Dollar Flat Despite US Pending Home Sales Rose in March

Chart created using Marketscope 2.0 – Prepared by Renee Mu

Despite the Pending Home Sales climbed in March, the yearly reading fell short of expectation. As a result, the U.S. dollar changed little against the Canadian currency following the data release. At the time of this report written, the USDCAD was trading at C$1.0144.

Want to see economic data releases directly on your charts? Try this App.

--- Written by Renee Mu DailyFX Research

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

DISCLOSURES