Not so impressing US data: pending home sales rose by only 0.2% in October, lower than expected. The silver lining is the revision, from a drop of 2.3% to -1.6%, so on the whole, this is relatively balanced, but the figure for the last month carries more weight.
The US dollar is table ahead of more important figures later this week.
Pending home sales were expected to rise by 1% after a drop of 2.3% seen last month. This is the last housing figure for October.
Earlier, the Chicago PMI disappointed with a drop from 56.2 to 48.7, much worse than 54 points expected. Also here, there is a silver lining with higher employment.
US data last week have been mixed, with durable goods orders beating but misses on other figures.
In this week’s podcast we guide you through the upcoming storm: ECB, NFP, OPEC and more
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