Toronto home sales down 35% year-over-year in September

But prices data on prices less clear A main risk to the Canadian dollar is the real estate market — particularly in Toronto. A major cooling started in April when the Provincial government introduced measures to curb foreign buyers and speculators. That led to a quick drop in activity that is continuing. The Toronto Real […]

Forex — Dollar Remains Lower Despite Upbeat U.S. Jobs Data

© Reuters. Dollar shows little reaction to U.S. jobs report, remains on the downside — The dollar remained lower against other major currencies on Wednesday, despite the release of upbeat U.S. jobs data as investors remained cautious ahead of upcoming speech by Federal Reserve Chair Janet Yellen and amid speculation over her replacement next […]

EUR/USD analysis for October 04, 2017

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1787. Anyway, according to the 30M time- frame, I found a fake breakout of yesterday’s high at the price of 1.1773, which is sign that buying looks risky. There is a hidden bearish divergence on the moving average oscilator, which is […]

Bitcoin analysis for October 04, 2017

The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $4.182 (yesterday’s target). Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed «malicious software» on the government’s server and programmed over a dozen computers to […]

The dollar holds positions

Published on Monday, the ISM report on activity in the manufacturing sector gave absolutely striking figures. The index for September reached the level of 60.8p, which is a historical record since May 2004. Similarly, the Markit index is more modest and correlates compared to the ISM that shows the index of index production. The gap […]

ADP September US employment 135K vs 135K expected

ADP employment survey Prior was 237K (revised to 228K) Economists expected a drop due to Irma and Harvey. Economic data is going to be tough to read for the next month because of the storms. I’m not sure you can take anything away from this (other than that economists did a good job of forecasting […]