Article Summary:

Get breaking Forex News, real time forex market analysis, current trading strategies, plus a global economic calendar here.Housing starts rose to 582,000 at an annual rate versus expectations of a 530,000 rate. Markets view this as good news but with huge inventories of unsold new homes across the country, that logic makes little sense to me. EUR/USD has stabilized after a slide to 1.4063 and trades now at 1.4078.


Article Content:

Housing starts rose to 582,000 at an annual rate versus expectations of a 530,000 rate.

Markets view this as good news but with huge inventories of unsold new homes across the country, that logic makes little sense to me.

EUR/USD has stabilized after a slide to 1.4063 and trades now at 1.4078.

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