Source: ForexYard
12:15 GMT – CAD – Housing Starts
– Number of new residential buildings which began construction during the previous month.
– Released monthly, but in an annualized format.
– Figure is forecast to rise from last month to 127K from 118K.
– Could have a positive impact on the USD/CAD if forecast is accurate.
Gold Tips:
– Gold prices just breached the lower border in the recent uptrend.
– If prices hit $950, a downtrend may occur – target $940.
– If prices fail to go below $955, price may rebound upwards and continue trend – target $990.
Crude Oil Tips:
– Crude Oil prices are in a steady uptrend.
– Price has begun larger fluctuations, but continues to range-trade.
– Today’s low and high price may be near $68 and $70, respectively.
Forex Market Analysis provided by ForexYard.
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