Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

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.

Housing index                     -1.9%
Bus. service employment      0.3%
S&P / TSX stock index          0.4%
Money supply (M1)               0.4%
U.S. composite                   -0.2%
Average work wk (manf.)     -0.3%
New orders, durables            0.4%
Shipment/ inventory             0.0%
Furniture, appl. sales           0.7%
Other durable sales             1.3%