Daily economic digest from Forex.ee
Stay informed of the key economic events
Friday, August 28th
USD/CAD is trading at 1.3192, as greenback was pairing losses against its Canadian counterpart. The gains were stipulated by stronger than expected GDP reading in the US for the previous quarter. Initial jobless claims numbers were even below the forecasts. However, Pending Home Sales missed the expectations by 0.5%. Canadian Corporate Profits data was out with 12.9% figure after 0.6% contraction in course of the previous month. Strong support is located at 1.3125 and resistance will be found at 1.3213.
Click here to see all current market developments.
Interested in getting unparalleled offer? Register an ECN account at Forex.ee and get $1 commission per lot until the end of summer.
Your European ECN-broker,
Forex.ee