The economic reports from the US housing sector earlier today has helped push back against some of the pessimism dominating the market lately. US housing, while still not performing at a stellar rate of growth, nevertheless appears to be holding its own.
Data from today’s housing starts and building permits reports revealed solid and stable growth, mildly above market forecasts. Expectations for both were in the ball park of 0.58M and 0.61M, respectively. Actual results were in at 0.63M and 0.62M.
Read more forex trading news on our forex blog.
Other relevant articles you may like
Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
