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Canada: New home prices to remain unchanged in February - TDS

According to analysts at TD Securities, Canada’s new home prices for February will provide an update on shelter costs ahead of March CPI.

Key Quotes

“We look for prices to remain unchanged on the month, in line with the market consensus. The index should cross back into positive territory at +0.1% y/y after posting the first year-ago decline since 2008.”

Gold Technical Analysis: The recent positive move might have already run out of the steam

• The pair stalled its recent positive momentum to two-week tops and started correcting from a resistance marked by a descending trend-line, extendin
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NZD/USD drops to fresh session lows, around mid-0.6700s ahead of US data/Fed speakers

• A modest USD rebound prompts some fresh selling at higher levels. • Weaker commodity further dents sentiment and adds to selling bias. • Traders no
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