US Existing Home Sales on the rise, US Treasury Secretary Timothy Geithner testifies before the Congressional Oversight Panel in Washington DC, and US House Price Index are the major events of the day. Let’s review the today’s activities. In the US, Existing Home Sales expected an increase of 400,000 above 5.77 M in May. This continuous rise is an excellent indicator for economic growth. Later in the US, US Treasury Secretary Timothy... 

In the wake of the Non-Farm Payrolls , the week starts without any American releases, but with many other indicators around the world, with a big bunch in Canada. Let’s see what expects traders at the beginning of the new week: No American indicators are released today, but a speech by FOMC member James Bullard might shake the dollar across…  Read More →

The Canadian dollar enjoyed the American NFP, and USD/CAD traded lower. The upcoming week is mostly about housing sector numbers that helped the loonie in the past. Here’s an outlook for the upcoming events in Canada, and an updated technical analysis for USD/CAD, now that’s it out of the range. USD/CAD chart with support and…  Read More →