News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
US Housing Starts likely to Stall as January Weather Plays Spoilsport

US Housing Starts likely to Stall as January Weather Plays Spoilsport

Research, Research Team

US Housing starts for the month of January are due to be announced on Wednesday, January 19th. The monthly data released by the U.S. Commerce department is a crucial indicator that throws light on the strength of the economy by gauging the growth in the housing market and evaluating the annualized increase in new residential buildings.

According to preliminary estimates, housing starts for the month of January are expected to come in at 950k units from the same period a year earlier, down from 999k units in December. The decline in housing starts is partially blamed on the severe weather conditions in the U.S., which saw temperatures in January dip to the lowest level in two decades. The data has been very inconsistent over the last few months with the numbers fluctuating between 890k and 1.1 million units.

On the currency front, a decline below 950k units could have a negative impact on the US dollar with the biggest beneficiary being the EUR/USD. The pair could break out of crucial resistances at 1.3750- 1.3780 and rally to 1.4000, last seen in November 2011. On the other hand, a reading around 950k and higher could be dollar neutral with the EUR/USD likely to oscillate in the 1.3650- 1.3750 range.

The following chart illustrates US housing starts for last year along with the estimated figures for January

US-Housing-Starts-likely-to-Stall-as-January-Weather-Plays-Spoilsport-0027_body_Image68.jpg, US Housing Starts likely to Stall as January Weather Plays Spoilsport

Learn more with these related articles:

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.