Markets Slide on Mostly Positive Earnings, Economic Data
None of today's Retail Sales, Import Prices, etc. were surprising enough to take investors' minds completely off other matters.
Source: yahoo.com
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Calculated Risk: Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg
A top ranked economics and finance blog with a focus on the housing market
Source: calculatedriskblog.com
Forex Markets Steady with Stabilized Sentiment, Aussie's Recovery Dampened by Job Data
The forex market displayed relative tranquility in Asian session, with major currencies confined to tight ranges. This subdued atmosphere reflects a degree of stabilization in investor sentiment, mirrored in the performance of major Asian stock indexes which are either experiencing mild recoveries or registering only slight losses. A notable exception to this picture is China's Shanghai SSE, which is extending its recent decline. This persistent downturn in the Chinese market is fueled by deep-rooted pessimism about the economy after this week's economic data, and subdued expectation...
Source: actionforex.com
A more tentative mood so far in trading today
Traders struggle for direction in the European session thus far
Source: forexlive.com
Sunset Market Commentary - Action Forex
Markets received another dose of realism in the form of solid US economic data. US December housing data came in on the strong side of expectations. Building permits, seen as a leading indicator for the sector, rose by 1.9% m/m (1495k) vs 0.7% expected. Shovel-in-the-ground housing starts, the next step in the process, declined far less than expected (-4.3%) after a bumper November month, even with the downward revision (10.8%).
Source: actionforex.com