A set of US housing market reports was released at 1:30 pm BST today. Housing starts for July came in at 1496k, or 22.6% MoM higher (1245k expected). Building permits at 1495k were also much higher than expected 1320k (+18.8% MoM). Release gave USD a little boost. However, in case of EURUSD, drop is barely noticeable and the pair still sits at 2-year highs.
EURUSD almost ignored solid US housing market data for July. The pair trades at a 2-year high, near 1.1940. Source: xStation5
Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...
17:15USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,”...
16:15Wall Street is going back to cautious as strong labour market data and status-quo-reaffirming remarks from Fed’s Chair Jerome Powell push back the...
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