In terms of deals, the housing sector continues strengthening: an annualized level of 5.04 million existing home sales in June, a rise of 2.6%. The annual level of existing home sales was expected to stand at 4.98 million in June after 4.89 million in May (before revisions). The level is the highest in 8 months.
Towards the release, the US dollar was strengthening against the euro (1.346) but losing ground to the pound (1.7065) and the yen (101.45). EUR/USD is marginally lower while other currencies are more steady.
Most transactions in the housing sector are for existing, second hand homes. However, the sales of new home sales also carry weight as they produce a wider range of economic activity. This is published on Thursday. Will it follow suit?
The Richmond Manufacturing Index was expected to rise from 3 to 5 points in July but the actual level if 7. This is overshadowed by the existing home sales.
The euro dropped under 1.35 for a second time earlier in the day, and we asked if this loss of 1.35 is for real. It currently seems that it is.
More important figures are expected tomorrow from the US, but markets certainly continue buzzing.
For reference, here is the preview: how to trade the existing home sales with EUR/USD.
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