Building Permits tracks the change in government issued new building permits from the prior month. Housing starts tracks the change in the number of new residential buildings that began construction during the month. Both signal to the health of the US housing market.

Larger-than-expected increases in housing starts

The Canadian dollar yesterday as the crisis in Europe escalates, damping demand for commodities and commodity-dependent currencies. The loonie trimmed its losses today on good fundamentals in Canada and the United States.

Talks about Greece leaving the eurozone intensified after the European Central Bank paused lending to some Greek banks. The ECB

The Great Britain pound slumped today after the Bank of England trimmed its growth forecast as the crisis in Europe escalates. Positive employment data did not manage to help the weakening currency.

BoE Governor Mervyn Kingsaid at today’s press conference that the central bank cut its growth forecast. The Governor explained that the European debt c

The Japanese yen fell against other major currencies today on speculation that the Bank of Japan will continue its efforts to weaken the currency. Even fears of the European debt crisis were not been able to help Japan’s currency.

Specialist estimated that Japan’s gross domestic product grew as much as 3.5 percent of the first quarter of 2012 from

US dollar is mixed today as gains against the pound and the yen are offset to some degree by the way the euro is managing to eke out gains in spite of the turmoil over Greece. However, even with this small setback against the euro, the US dollar is still likely to remain strong overall, since safe haven currencies are likely to be in demand for so

Earlier, the euro headed lower as concerns about Greece overcame the markets and worried Forex traders and investors. Good news out of the United States, though, is changing the picture a little bit and providing a measure of confidence that is helping the euro to tenuous gains this morning.

Earlier, the euro dropped on the disappointing news out o

(eToro Blog) The countdown for Facebook’s IPO launch on the NASDAQ continues (T-minus 2 days and 3 hours, give or take a few minutes) and spoilsports are already practicing their “I-told-you-so” speech, ready to whip it out at the first sign that the social media giant won’t be able to raise the targeted $100 bill