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The EUR/USD continued gradual increase to get through the 1.1800 level in the wake of the dim US housing market data. Following the release, the Euro gained against its American rival 11 base points or 0.10% to the 1.1769 mark.
The Commerce Department revealed that building permits fell to 1.13M in the month of September. Meanwhile, homebuilding in the US dropped to the weakest level in a year in reported period, as Hurricanes Irma and Harvey caused the disruption of single-family homes construction in the South, which could drag the country's GDP growth in the September quarter.
| Historical Data Table: US Building Permits | Economic Calendar for 18.10.2017 | ||||||||
| Date | 16.06.2017 | 19.07.2017 | 16.08.2017 | 19.09.2017 | 18.10.2017 | 8:30 AM | UK Retail Sales | ||
| Actual | 1.17M | 1.25M | 1.22M | 1.30M | 1.22M | 12:30 PM | US Unemployment Claims | ||
| Forecast | 1.25M | 1.20M | 1.25M | 1.22M | 1.25M | 1:30 PM | Fed's George Speech | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.78285 | 0.78349 | 0.08% | AUD/USD | 39.96% | 60.04% | |||
| EUR/USD | 1.17583 | 1.17695 | 0.10% | EUR/USD | 42.22% | 57.78% | |||
| USD/JPY | 112.881 | 112.807 | -0.07% | USD/JPY | 44.72% | 55.28% | |||
| NZD/USD | 0.71292 | 0.71389 | 0.14% | NZD/USD | 50.79% | 49.21% | |||