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Forex Flash: Canadian Housing data in focus - TD Securities

FXstreet.com (Barcelona) - TD Securities analysts note that Canadian Building permits for February and housing starts for March are slated for today.

However, more importantly, they note that more important for policy is the Resale data for March (released mid March), to assess whether the typical spring market pickup materialises this year. They write, “Analysts will be watching closely to see how the housing market holds up heading into the busy Q2 period after further tightening of Canada’s mortgage regulations from mid-2012.”

Forex: EUR/GBP eyes support post decline

Having spiked to post an overnight high at 0.8559, EUR/GBP has steadily sold off throughout the European session.
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European markets move higher Tuesday

European stock indices rise tepidly Tuesday, despite lingering concerns over Portugal and mounting yields that have afflicted the country. Beginning with the indices and composites, the EURO STOXX 50 grew +0.49% as it settles in region of 2602.32, up +12.50 points in these moments. In addition, the FTSE 100 index is trading in positive territory, operating at 6299.26, advancing +27.10 points or +0.35% at the time of writing. Finally, the DAX broke slightly higher, oscillating in the zone of 7676.21, after a movement of +10.36 points and up +0.18%.
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