Pardon me for not waiting breathlessly for the NAHB index. The index of home builder sentiment actually blipped up to 9 in February from 8 in January. 50 is neutral, so sentiment remains in deeply depressed territory as inventories of foreclosed-upon homes make new homes relatively uncompetitive.
EUR/USD is firming up toward 1.2600 from lows at 1.2564. Modest short-covering has been seen as prices held the key area of support at 1.2548 so far. Important resistance is up at 1.2640. Stops lie just above at 1.2645/50.
