Published at 11:12 (GMT) 09 Nov 

Forex Market Alerts

CAD is getting stronger, again, and there is no secret as to why.Equities have started the week on the rise. USD is for sale on a broadfront. This scenario sets the stage for USD/CAD to revisit the 1.0500price range. Data from Canada due today, after Friday's disappointingemployment data includes Oct housing starts which are expected to be inthe 150+k range, with 4Cast projecting gains in the 158.5k area, upfrom the 149.3k seen in Sep. While the housing data will be somethingto note, equities rule and for USD/CAD that means the targeted supportat 1.0596 is in play. For EUR/CAD the pressure is not as strong, but,for the record, support is seen at 1.5794. M.B.