Pantheon economist Ian Shepherdson — who is one of the best of the best — warns that the surge in housing starts may have been due to an unusually warm December.
So far, I haven’t heard any caveats for the jobless claims number but it’s a time of year where seasonal adjustments can be unusually high.
In any case, USD and CAD continue to rise following the reports. Cable has broken through bids in the 1.6010 area down to1.5993. More bids and stops below yesterday’s low of 1.5975.
EUR/USD is at 1.3345 after drifting lower. Chatter about some light stops around 1.3320/10.
