EURUSD: United States Redbook Index (Y/Y) Registered at 4.9%
EURUSD – United States Redbook Index (year over year) came in at 4.9% for July 19, versus 4.7%. United States Redbook Index (month over month) up to 1.1% in July from previous 1%.
United States Housing Price Index (month over month) came in at 0.1% below expectations of 0.3% in May.
EURUSD little change after the news, the pair is trading at the daily low at 1.1167, but the sellers look exhausted at current level. The RSI (14) is in oversold condition having reached 22.74, so as the volumes are very low, a rebound from current level looks possible than might run up to 1.12 zone.
USDJPY also unfazed of the data trades 0.25 percent higher at 108.14 while USDCAD continues its trip north at 1.3150.Don’t miss a beat! Follow us on Twitter.