U.S. and Canadian data - Ester Holdings
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U.S. and Canadian data

  • Initial jobless claims in the United States, fact 209K, forecast 215K.
  • New Housing Price Index (m/m) (June) in Canada, fact -0.1%, forecast 0.1%.

The number of initial applications for unemployment benefits in the United States has fallen markedly, returning to its lowest levels since May, indicating a marked acceleration in the US labor market.

Fig. 1. Initial jobless claims in the United States

  • Data on the real estate market in Canada worsened, but remained near lows.

The USD/CAD pair gained a modest support, but continued to be limited by general market restraint. The actual significant resistance for this pair remains the levels: 1.3330 and 1.3350.

Fig. 2. USD/CAD chart. Current price – 1.3300

Read also: “USA VS China –
which means a delay in trade opposition”

Hanzenko Anton


Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. A new round of trade war: duties, restrictions, prospects
  2. The results of the July Fed meeting for the market
  3. Trade signals results for half a year

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