Canada: New Housing Price index up 0.2% MoM in December

Canadian New Housing Price index rose 0.2% MoM in December, matching estimates and up from +0.1%. Over the last twelve months the index rose 2.3%, above estimates at +2.2%.

Feb 7, 2013

Forex Flash: USD looks for triggers to sustain momentum – Westpac

According to Sean Callow, a Global FX Strategist at Westpac, “The USD is still struggling to build a compelling multi-week case for a sustained upside movement as a slowdown in the Fed’s $85B p/m asset purchase program would be one key trigger, however the US labor market is unlikely to generate a string of 200k+ monthly jobs prints amid building fiscal headwinds for the foreseeable future.”

Forex: USD/CHF booms as Draghi says no further easing

USD/CHF has continued it climb from its morning low at 0.9064 and soared high following the ECB decision to hold rates and the subsequent press conference from President Draghi.