Canada Leading Indicatiors
Forex News; Canada Leading indicator rose 0.1%. As expected
Posted by Greg Michalowski on Wed, 05/21/2008 - 8:40am in
Canada Leading Indicators increased by 0.1%. # of 10 components declined. This is the first increase since January but still only the second increase in 7 months. Housing is sttill a drag as is the US Composite. This should be mildly supportive of the CAD which is already getting a boost of late from the higher oil prices. Traders will be watching resistance at 0.9875 area today. Much is dependent on the oil. Today at 10:00 AM crude oil inventory data will be released.
Economic Calendar
