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BRL/CAD - Brazil Real Canadian Dollar

Real-time Currencies
Currency in
CAD
0.2430
+0.0003(+0.00%)
Closed

BRL/CAD Discussions

Best decade to invest in the Brazilian Construction Industry? Steel and other inputs are at a falling price. Thus, the cost of construction will plummet.  A study from João Pinheiro Foundation shows that the housing deficit throughout Brazil is at 5.8 million homes and rising. One of the causes for this growing deficit is the excessive burden of urban rent. As interest rates rise in Brazil and credit is increasingly scarce, making it even more difficult for Brazilians to buy real estate. International investors have abundant and cheap loans, with a strong dollar making Brazilian real estate very attractive in the global market. International sales are ascending and will probably continue to grow for some time. Digital transactions and instantaneous electronic deposits have only contributed to the internationalization of the Brazilian real estate market.
The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.0940 but whipsawed to the upside and closed higher at 1.1013. This fact keeps the bullish intraday bias remains intact challenging 1.1065 and the daily EMA 200 located around 1.1100. (visit my profile to get more details) The bias is bullish in nearest term. A clear break and daily close above 1.1065 – 1.1100 would be a threat to the shooting star bearish scenario testing 1.1250 area. Immediate support is seen around 1.0970 but key intraday support remains around 1.0900 which need to be clearly broken to the downside to continue the bearish scenario targeting 1.0800 or lower.
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