The first quarterly rise in house prices for three years took a while to make its impact felt on Eur/Usd, but 1.4340 finally gave way and we’ve just managed a 20 pip rise to 1.4360. Friday’s high at 1.4376 now comes into play. Savvy shorts may appear here as they take account of the Chinese DNT option of 1.3950/1.4450.
Stocks haven’t been able to hold onto their gains from the CaseShiller mindful that we have the markets current achilles heel Consumer Confidence data at the top of the hour.