Article By RoboForex.com

The EUR/USD is rising, but has not yet gone above yesterday’s highs. The pair is currently trading at 1.1703, with the major driver being China’s response in the trade war: the government is ready to impose customs duties on the US on Sep 24. At the same time, the market tensions are somewhat lower, as both the US and China’s customs duties are going to be lower than expected.

The US housing starts published yesterday showed the indicator went abruptly up in Aug, rising by 9.20% to 1.28M, against 1.24M expected. This is good for the economy, as it means people are ready to spend their money on houses. Meanwhile, the building permits came a bit short of expectations: 1.28M against 1.31M.

Today, more interesting data are coming from the US. For instance, jobless claims are scheduled for today, with the expected value at 201k and the previous at 204k. Another important report is the Philadelphia PMI, where a rise from 11.90 to 17.50 is expected. There will be some housing data, too: this time, existing home sales, which are expected to rise. Finally, the leading indicator index in Aug is being released in the end of the day.

Article By RoboForex.com

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