- U.S. home construction starts rise to 1.452 million vs. exp. 1.45 million and the previous level of 1.398 million
- This is obviously positive from the perspective of the economy in the short term. Permits are slightly worse, but here too we are seeing a rebound.
- Building permits for July: 1.442 million vs 1.46 million exp. and against a previous level of 1.441 million.
- We also have another decline in mortgage applications at 0.8% weekly, with the previous decline at 3.1% weekly.
EURUSD remains under supply pressure, although market hesitation was seen after the publication itself. Currently, the area around the 1.09 level is being tested again. Last week, the downward sequence formed in mid-July was violated, although the pair eventually resumed declines and scored a new local low earlier this week. A descent below 1.088 could mean that the entire upward impulse from late May to mid-July has been wiped out
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Source: XTB Research, US Census Bureau, Macrobond, NAR
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
