OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/CAD falls to 1.3169/72 after Canadian housing data

FXstreet.com (Barcelona) - The EUR/CAD fell off the 1.3190 handle at the onset of US trading Thursday, taking a tumble of nearly 25 pips on the heels of mixed Canadian data. This move comes on the back end of sporadic trading during the European session. At the time of writing, the pair is now trading at 1.3169/72, in negative territory down -0.13%.

The Mataf.net technical analyst team highlights that the EUR/CAD will encounter its next short-term supports at 1.3145, followed by 1.3095, and 1.3048. Conversely, the pair is slated to face resistance at 1.3242, then 1.3289, and ultimately 1.3339.

In Canada, the New Housing Price Index (MoM) rose +0.1 in March, matching estimates of +0.1%. Finally, the New Housing Price Index (YoY) reported just +2.0% in March, vs. +2.1% projected.

Forex Flash: Catch a falling gold knife? - Nomura

Nomura strategists Saeed Amen and Geoffrey Kendrick have taken a look at gold ETF holdings and wonder what are the chances of catching a falling gold knife.
Read more Previous

Forex: EUR/USD keeps lows after US data

The bloc currency remains in session lows around 1.3120/25 against the buck on Thursday, after the weekly report on the US labour market extended the positive momentum in the sector. In fact, Initia...
Read more Next
Start livechat