U.S Building Permits Rises 1.275M In May, USD Recovers With Caution !

forex construction min
forex construction min

Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

The U.S Building Permits rose to 1.275M, from 1.140M in the previous month. U.S Building Permits was expected to slide to 1.100M last month…

Market Impact :

EURUSD: Clears the 1.1242 level, Under Heavy Pressure. The key support 1.1242 has been gone on US data. A new resistance appears on the 1.1253 levels. Stability below this level will keep the pair under heavy pressure with eyes on the 1.1132 levels. On the upside. Above 1.1253 sees a recovery towards the 1.1330 levels before the next fall…

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