U.S.-Data today can turn the USD in positive trend

After the USD yesterday was like riding on a roller coaster, today a clear direction could be specified.

Building permits and housing starts indicate positive development
The forecasts for the upcoming today at 08:30 h (GMT -5) data on new building permits and housng starts indicate further signs of stabilization in the U.S. economy. Was the number of new building permits in the last month by -7.5%, an increase of 2.9% is expected for this month. It looks similar to the newly housing starts. Here, a decrease of 9.9% was recorded in the previous month and now expects growth of 8.3%.
More important factors, data on unit labor costs, the non-farm productivity and the consumer sentiment of the University of Michgan will be published today. For the non-farm productivity, a slight increase from 0.5% to 0.6% is expected, while the expected increase in unit labor costs, following a decline of 4.5%, with an increase of 1.2% quite clearly fails . The Michigan Consumer Sentiment Index is expected with a moderate increase from 85.1 to 85.5. If the published data as far as possible in the range of forecasts, or above, the USD should the trading week, even after yesterday's losses, may end up with a positive result.

Consumer prices for the euro zone
Today published consumer prices could mean a further dampening for the EUR. The forecasts foreshadow a decline of 0.1% (year), and 0.6% (month). Assuming that the forecasts have already been incorporated into the EUR, lower values should at least put further pressure on the EUR and the pair EUR / USD might aim for the mark of 1.32 xx again.

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