The Loonie heads lower as Vancouver housing bubble deflates
Where to Trade- The US home construction starts and permits missed consensus. As a result, the American dollar is under pressure.
The Loonie heads lower as Vancouver housing bubble deflates. The CAD/USD pair closed at 1.3367 in the previous trading session.
The Federal Reserve releases its latest signal on interest rates, so the S&P 500 might depreciate. The S&P 500 previously closed at 2,270.76 in the last session.
High volatility is expected in the NZD/USD pair as the New Zealand's GDP is at 21:45 GMT. The pair closed at 0.6916 in the previous session.
Medium impact on the EUR/USD pair as the US Existing Home Sales are at 15:00 GMT. The EUR/USD pair closed at 1.0389 in the last trading session.
The Japanese Yen migh be under pressure as speculative accounts turn bearish. Little impact is expected on the USD/JPY pair as the Japanese All industries Activity is due at 04:30 GMT. The pair had a previous close of 117.85.
- United States of America: The US home construction starts and permits missed consensus
- Japan: The Japanese Yen might be under pressure as speculative accounts turn bearish
- Canada: The Loonie heads lower as Vancouver housing bubble deflates.
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