Traders seem to be taking comfort from the i8mproved housing starts data this morning and the improvement in home builder sentiment yesterday.
With millions of foreclosed-upon homes yet to hit the market, I’d rather see that market clear before we build more.
But hey, that’s just me.
Not to worry though, Meriel and Sarkozy are gonna have a phone call. That should fix everything.
EUR/USD retests session highs in the high 1.3860s.
