US housing data beats expectations

The US was expected to report a rise in housing starts to 1.155 in June from 1.092 in May. Building permits were also projected to advance from 1.168 to 1.2 million annualized. There is a correlation between housing and the wider economy, but the figures can often offset each other.

Currency markets were relatively stable after the big US dollar sell-off yesterday, inspired by the failure of Trumpcare[1].

Tomorrow we have two rate decisions, first from the BOJ and then from the ECB.

Preview: Will Draghi drag the euro down?[2]

Get the 5 most predictable currency pairs[3]

from Forex Crunch

from Online Forex Trading Resource
View thesource article here


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