Forex: USD/CAD tries to tackle 1.0150

Although +0.35% stronger on the day and extending its bull run since Friday's parity levels, the USD/CAD is currently facing some resistance at 1.0150 after the release of US data and a daily high at 1.0156.

US housing building permits rose to 0.925M (more than expected), but housing starts declined to 0.890M (less than expected) in January. US PPI rose from 1.3% to 1.4% (YoY), despite rising less than expected on the month (+0.2% instead of +0.3%).

Mataf.net analysts point to resistances at 1.0150, 1.0190 and 1.0225. On the downside, supports might be found at 1.0130, 1.0110 and 1.0060.

Feb 20, 2013

Forex: AUD/USD trading at support near 1.0310

The AUD/USD has spent the afternoon of European trading in a tailspin, as the yesterday’s gains now seem like a distant memory. After the publication of US data, the pair has found traction at the 1.0310 support, where the pair is presently testing in these moments, already suffering a decline of -0.41%.

Forex: EUR/USD back to daily flatness

The EUR/USD found its daily low at 1.3362 just ahead of the publication of US data. US housing building permits rose to 0.925M (more than expected), but housing starts declined to 0.890M (less than expected) in January. US PPI rose from 1.3% to 1.4% (YoY), despite rising less than expected on the month (+0.2% instead of +0.3%).