01:30 PM BST, United States - Housing Starts for July:
-
actual 1.428M; forecast 1.290M; previous 1.358M;
01:30 PM BST, United States - Housing Starts for July:
-
actual 5.2% MoM; previous 5.9% MoM;
01:30 PM BST, United States - Building Permits for July:
-
actual 1.354M; forecast 1.390M; previous 1.393M;
01:30 PM BST, United States - Building Permits for July:
-
actual -2.8% MoM; previous -0.1% MoM;
Housing starts exceeded market expectations for the second consecutive month, reaching their highest level since March. This recovery can be seen as a positive signal for the health of US consumers, as stronger housing construction helps offset the recent rise in renting activity. However, elevated property prices and high interest rates continue to weigh on homeownership prospects. EURUSD briefly tested EMA100 on M30 interval, though it struggles to extend declines below it.
Source: xStation5
Daily summary: Risk-off takes over ๐ US stocks plunge, while dollar and oil rebound sharply ๐ธ
Israel ready to strike againโDollar rebounds as war jitters resurface ๐
BREAKING: US PMIs beat estimates ๐ Stocks back in the green
Wheat tries to continue the uptrend despite improving US weather๐What's next?