NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Head of Macro Analysis
Summary: The evidence of something seriously amiss with the US housing sector – and thereby the US economy itself – just keeps on stacking up. Between them, these indicators could make the Fed hit the pause button.