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What is Indicator? Forex indicators are the primary and most essential tools used to determine the trend of foreign exchange and their future prospects. These tools sometimes become so important for the users to anticipate future ups and downs of the Forex market according to which, they could invest and deal their finances with foreign exchange. There are a variety of Forex indicators available to the users of foreign exchange, which are highly advanced and avail an enhanced platform to the Forex dealers and users to deal the challenges with foreign exchange efficiently. These indicators are useful not only to the novice Forex trader, but also an experience Forex dealer as well. The two most significant indicators of them are as follows.

CORE RETAIL SALES REPORT The US Core Retail Sales report measures the change in the total value of sales made to the US consuming public, excluding sales of automobiles. It is an important measure of consumer spending. This news report has become very important over the years following the global financial crisis where consumer spending was badly hit as a result of the subprime mortgage crisis, which triggered foreclosures, bank collapses and the attendant loss of jobs that reduced disposable income. The Core Retails Sales report is therefore used to measure to what extent consumers are spending, as the spending habits of consumers are directly proportional to how much cash they have. The level of disposable income available to consumers to spend is a direct measure of the state of the economy. Manufacturers of consumer goods and retail outlets depend on the ability of the consuming public to buy their goods to keep them afloat. When these production outlets are afloat, then jobs can be created and a positive cycle can be perpetrated, keeping the economy healthy. http://www.signals-provider.com

USD/CAD erases intraday gains The USD/CAD rose to a high of 1.0485 on broad USD strength but failed to break above that level and erased intraday gains during the European session. With not much Canadian or US data on the docket, the USD/CAD as most pairs in the FX market, has spent most of the day within recent ranges unable to pick momentum to set a clear direction. Having bottomed out at 1.0460, the USD/CAS is presently trading at the 1.0465 zone, virtually unchanged on the day ahead of the American opening. USD/CAD supports & resistances If USD/CAD breaks below 1.0460 it could fall towards 1.0440 (Nov 14 low) and 1.0400 (psychological level). On the other hand, resistances are seen at 1.0485 (daily high), 1.0500 (psychological level) and 1.0525 (Nov 15 high).

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