Daily Forex Tips - June 8th 2009

Source: www.forextvblog.com

12:15 GMT – CAD – Housing Starts - Number of new residential buildings which began construction during the previous month. - Released monthly, but in an annualized format. - Figure is forecast to rise from last month to 127K from 118K. - Could have a positive impact on the CAD if forecast is accurate. Gold Tips: - Gold prices just breached the lower border in the recent uptrend. - If prices hit $950, a downtrend may occur – target $940. - If prices fail to go below $955, price may rebound upwards and continue trend – target $990. Crude Oil Tips: - Crude Oil prices are in a steady uptrend. - Price has begun larger fluctuations, but continues to range-trade. - Today’s low and high price may be near $68 and $70, respectively.


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