223465 Resource 119232 120646 120646 1231853953328 1231853953328 Controlled Canadian Dollar Drops in Currency Trading

Loonie falls in forex trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://www.countingpips.com/CPBlog/2009/January/12.html" target="_blank" title="Canadian dollar, currency trading, dollar currency trading, forex trading, loonie forex trading, currency trading FX market, commodities, economy">Canadian dollar is dropping right now in currency trading</a> on the <span style="font-weight: bold;">FX market</span> as economic data continues to reveal problems in the economy. The two latest bits of economic data to impact the loonie in <span style="font-weight: bold;">forex trading</span> are:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><ol style="font-family: verdana,arial,helvetica,sans-serif;"><li><font size="2">New housing price index.</font></li><li><font size="2">Business survey.</font></li></ol><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Both are showing weakness, and indicating trouble ahead for the Canadian <span style="font-weight: bold;">economy</span>. Business sentiment is declining, and home prices are falling. This mixture indicates that support for the Canadian dollar will be limited.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Another issue affecting the loonie in <span style="font-weight: bold;">forex trading</span> is the fact that commodity prices are falling -- especially <a href="http://blog.gftuk.com/public/item223363" target="_blank" title="Canadian dollar, currency trading, dollar currency trading, forex trading, loonie forex trading, currency trading FX market, commodities, economy">oil</a>. As a commodity currency, the <span style="font-weight: bold;">Canadian dollar</span> relies heavily on trade to keep things moving, and with demand for oil waning, especially in the U.S., the loonie has little in the way of support.</span></font><br /> 9 application/xml false Canadian dollar commodities currency trading currency trading FX market dollar currency trading economy forex trading loonie forex trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.5) Gecko/2008120121 Firefox/3.0.5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119232 blog blogsite/GFTForex/web