The US housing sector continues showing some positive signs: new home sales rose to a pace of 372K in July. This was better than 360K-365K that was expected. In addition, last month’s was revised to the upside: 359K instead of 350K originally reported.
EUR/USD remains stable. The effect of the dovish FOMC meeting minutes is beginning to fade, and news about Greece is awaited. USD/JPY is ticking higher.
Yesterday, existing home sales came out almost within expectations: an annual rate of 4.47 million.
As you can see on the chart, there is some very slow recovery in new home sales.
The US also reported weekly jobless claims earlier. These ticked up to 372K, a bit worse than expected, but still OK.
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