«Market Leader» - news and previews making you rich.

Thursday, 23 February 01:54 (GMT -05:00)
Home About Us Vacancies Advertise Contact Us


Masterforex-V Books
Market Leader Free Newsletter
Your Name:
Your Email:

Most popular
The US Crisis: “The Great Depression of 1929-1933”
Multi-Terminal for Managers from RoboForex
Tips For Investors: Blizzard Conquers Video Game Industry
Profitable Forex Trading Systems: Introduction to TS SACS
Who will be Chosen the Best Micro Broker of 2012?
RoboForex: An Illustration of Live Communication with the World
FOREX MMCIS group Going Beyond the Scope of the Standard Customer Support Concept
Forex Trend: Traders Wanted!
Options VS Conventional Forex Trading: Which Is More Profitable?
Recommendations to Investors: Las Vegas Sands Corp.

Foreign exchange market

Expected Rise of Real Estate Price Had no Impact on Canadian Dollar

16 January 04:49 AM


Forex news, rate of Canadian dollar. Experts of Royal LePage, Canadian largest real-estate agency, suppose that the cost of Canadian real estate will keep rising in 2012, at a smaller pace though. The increase of 2.8% is expected.

At the end of 2011 the average cost of a two-storey house was $375.427, which is 4.2% more than at the end of 2010.

It is worth mentioning that prices vary a lot and depend on the type and location of the housing. During the 4th quarter of 2010 the cost of standard two-storey house in Vancouver amounted to $1.1 mln.; the same house on the east coast of Canada cost up to $200 ths. In 2011 the average price rise of housing in Canada was moderate. Thus, in Toronto, the 2nd, after Vancouver, town with highest real estate prices, the cost of all types of real property is rising.

According to Scotiabank specialists, in 2012 real estate market in Canada will “cool down”.

The rate of Canadian dollar keeps moving within long-term flat. According to the experts of Мasterforex-V Trading System, there is high likelihood of false occasions of passing levels of support and resistance. Bearish wave А/В of Daily2 minimal level will be formed when minimal point 1.0139 is passed. The nearest significant support will be provided by minimal points 1.0075 and 1.0051. Bullish wave А/В of Daily2 level will be formed when maximal point 1.0318 is passed. The nearest significant resistance will be provided by pivot MF 1.0388 and maximal point 1.0422.

 

 

You are free to discuss this article here:   forum for traders and investors

 

Text: Eduard Culchenko, expert of Masterforex-V Trading System
Add to blog
Got a question? – Ask it here »
 
Hot news
Gold And Silver: Daily Market Outlook. Feb 22nd 2012
HSBC: Euro Will Strengthen In Q1 2012
Deutsche Bank: Japanese Yen Will Strengthen Further
GBPUSD: Budget Surplus Fails To Support British Pound

Gold And Silver: Daily Market Outlook. Feb 22nd 2012

 

 

The political risks in the Middle East increased yesterday. Under the global pressure, China, India and Japan promised to lower their imports of crude oil from Iran at least by 10%.
 
Publication date: 22 February 09:04 AM
Read more »

HSBC: Euro Will Strengthen In Q1 2012

 

 

The EU authorities have finally decided to provide Greece with another substantial loan in order to help it avoid a default in March. Consequently, the common European currency has got another chance to appreciate. The major negative factor is eliminated.
Publication date: 22 February 08:05 AM
Read more »

Deutsche Bank: Japanese Yen Will Strengthen Further

 

 

According to analytic team of Deutsche Bank, the Japanese Yen will strengthen further despite the Bank of Japan’s recent steps aimed at curbing the strengthening of Japan’s national currency. The expected target is 75.00.
 
Publication date: 22 February 07:40 AM
Read more »

GBPUSD: Budget Surplus Fails To Support British Pound

 

 

In January 2012 the UK budget saw a considerable surplus (₤7,75B). It became possible due to much lower net borrowings. This is the biggest surplus since January 2008. Over the last year, the borrowings have been reduced by ₤15,7B down to ₤93,5B.

 

Publication date: 22 February 07:24 AM
Read more »

AUDUSD: Australian Dollar Exchange Rate Will Depend On Inflation

 

 

The Reserve Bank of Australia is determined to leave its key interest rate unchanged at 4.25% if the situation in Europe stabilizes and the Australian economy remains strong.
Publication date: 22 February 07:12 AM
Read more »

USDCHF: Lower External Trade Surplus Fails To Curb Swiss Franc Strengthening

 

 

Switzerland’s balance-of-trade surplus declined down to 1.563B francs in January 2012 due to lower exports. Consequently, multiple analytic forecasts failed as the experts had anticipated an increase up to 2.5B francs.
Publication date: 22 February 07:00 AM
Read more »

Euro Rate: Can One Survive in the Narrowing Flat?

Forex news.
Having delved into a range of sub-waves within narrowing correctional flat of h1 wave level at the beginning of the week, EURUSD currency pair is acting in a rather mysterious way at FOREX market. At the same time, one may seek for profit-making market trends at lower timeframes.

Publication date: 22 February 04:33 AM
Read more »

EURUSD: Market Outlook

 

The leaders of 12 EU countries signed an open letter addressed to Herman Van Rompuy, President of the European Council, and José Manuel Barroso, President of the European Commission. The letter was initiated by the UK and Spain . France and Germany, the eurozone’s biggest economies, didn’t sign the letter.
Publication date: 22 February 03:46 AM
Read more »

Euro Rate: Good Word and Currency Feels Good

Forex news.
Negotiations of Finance Ministers of euro zone on the matter of “final” approval of Greek support package to Greek has lasted for over 12 hours. By 7 a.m. Moscow time the decision has been made. The second, 130 billion euro, support package has been assigned to the country. Greek Prime Minister Lucas Papademos has called this occasion “historic”.

Publication date: 21 February 06:55 AM
Read more »

Euro Rate: Adherence to Bullish Trend

Forex news.
Not waiting for the start of European trading session at FOREX market, EURUSD currency pair has jumped 100 points up to the point of 1.3293, having exceeded yesterday’s local maximum. This has proved the high inertness of price and adherence to the trend.
At the same time, timeframes from m5 to h1 give signals of the possible termination of rising trend in the nearest future. The period of the session currently shows a combination of waves "А" and "В" of m15 level. From the point of view of traders, profit-making falling wave "С" would be desirable in the nearest future.

Publication date: 21 February 06:21 AM
Read more »