wrapper

In the week ending April 11, the advance figure for seasonally adjusted initial claims was 294,000, an increase of 12,000 from the previous week's revised level. Analysts were anticipating smaller increase to 284,000.The 4-week moving average was 282,750, an increase of 250 from the previous week's revised average. 
 
Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,039,000. Analysts were predicting figure of 1,080,000. This is 5.7% below the revised February rate of 1,102,000, but is 2.9% above the March 2014 estimate of 1,010,000. Single-family authorizations in March were at a rate of 636,000; this is 2.1% above the revised February figure of 623,000. Authorizations of units in buildings with five units or more were at a rate of 378,000 in March. 
 
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 926,000, missing market forecasts on increase to 1,050,000. This is 2.0% above the revised February estimate of 908,000, but is 2.5% below the March 2014 rate of 950,000. Single-family housing starts in March were at a rate of 618,000; this is 4.4% above the revised February figure of 592,000.  The March rate for units in buildings with five units or more was 287,000. 
 
After the data USD was pushed lower. Euro is currently being traded few points above 1.0730 level, Sterling is at 1.49 handle, while Aussie is at 0.7770 area. Later today, Philly Fed Manufacturing Index figures are scheduled for a release.

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.