US Housing Starts July Miss Forecast; Permits Beat Expectations
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US Housing Starts Miss Forecast at 1.239M; Prior 1.427M
US housing starts fell to 1.239M in August, missing the 1.345M forecast and declining sharply from 1.427M prior, signaling weakening residential construction demand. USD weakness likely to extend as softer housing data reinforces dovish Fed narrative and supports rate-cut expectations; affects USD pairs broadly, particularly USD/JPY and EUR/USD.
https://x.com/financialjuice/status/2089691431203938807US Housing Starts Plunge 12.4% MoM, Well Below Forecast
US housing starts fell 12.4% month-over-month, significantly missing the -5.9% forecast and reversing the prior month's 19.0% gain. This sharp contraction signals weakness in residential construction and demand, pressuring USD as softer data fuels dovish Fed expectations already driving currency weakness.
https://x.com/financialjuice/status/2089691408772817233U.S. Housing Starts Plunge Sharply Below Forecast in July
U.S. residential construction collapsed in July, missing expectations significantly, per Commerce Department data released Tuesday. Weaker housing data suggests economic softening and reinforces Fed pivot narrative. USD likely to weaken further; JPY and CHF may strengthen as risk-off sentiment accelerates.
https://www.nasdaq.com/articles/us-housing-starts-plunge-much-more-expected-julyNew to MyTradingLand?
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