Chart from TradingArsenal Team at Harmonics Tube -
3dayz ago will it test and hold the lows again
Housing Starts
Forcast 175.00
Previous 17500
The Housing Starts captures annualized number of the new homes or buildings began construction in the given month.
It shows the strength of the Canadian housing market, which helps to analysis the economy as a whole as the housing market is a key factor in the economy.
A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
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