US Houses -12.2%

US HOUSING DATA: July NAR pending home sales index -12.2% to 89.9, vs 102.4 in June. It is also -16.1% YOY and fell in all regions. NAR blames mortgage disruptions -- contracts are not closing because mtg commitments are falling through at the last minute.

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NMMM say:
EUR/USD go imediately to 1.36.50, then back to 1.36.40.
Oh, I was negative on this, but minus 12... who can think of...
FED will cut the rate for sure...