Measures the number of new construction intentions. This data is a leading indicator for the construction industry since the issuance of a building permit is one of the first steps in the construction process.
HOUSING STARTS lol should have known this would drop... if ur in profit before the NY open and news is coming out its a good idea to take ur profits and wait till after the news release lessoned learned this mistake cost me 40 pips profit... stupid mistake...
At 9:15 ET this news story hit the wires, the exact time the USD was penalised about 50 pips instantly on the majors in unstable price spikes. This news story happened to co-incide with the time and price when we predicted a reversal of the major currency pairs towards a decline in the USD:
Troops hunt for kidnapped contractors
<SCRIPT language=JavaScript type=text/javascript> <!-- if ( location.hostname.toLowerCase().indexOf( "edition." ) != -1 ) { document.write('POSTED: 1415 GMT (2215 HKT), November 17, 2006'); }else { document.write('POSTED: 9:15 a.m. EST, November 17, 2006'); } //--> </SCRIPT><!-- /date -->POSTED: 9:15 a.m. EST, November 17, 2006
NEW: One kidnapped American identified as Paul Reuben of Minnesota
NEW: Drivers of South Asian origin were taken, later released, firm says
Convoy ambushed at checkpoint in southern Iraq, military spokesman says
Arrest warrant issued for leading Sunni cleric, an Iraqi military official says
BAGHDAD, Iraq (CNN) -- Coalition forces Friday were searching "aggressively" for five security contractors, including four Americans, who were abducted Thursday during an ambush on their convoy, a military source said.
A spokesman for Crescent Security Group said five of their security personnel were "unaccounted for." The contractors disappeared near Basra on Thursday afternoon.
He identified one of the Americans as Paul Reuben, a Minnesotan, and said the fifth contractor was an Austrian national.
A spokeswoman for the Austrian foreign ministry in Vienna said the Austrian was a 25-year-old male from Upper Austria, according to The Associated Press.
The supply convoy was traveling from Kuwait, where Crescent operates, to Tallil Airbase near Nasiriya in southern Iraq when it was ambushed, the Crescent spokesman said.
Local militia masquerading as Iraqi police attacked the convoy, using a fake police checkpoint, according to a military source....
Tat im following the same strat im more of a swinger and will hold until stop hit or im in the money regardless if it takes 1 day or 2 weeks... ;-) but i feel u could be... lets see.. we need to get past 11am est... but anything is possible right?
The housing data was horrible with a 14.6% drop in starts for October while permits fell 6.3% and the data was a dollar negative factor. The dollar has been wounded by reports that a large hedge fund is in trouble. Overall, however, EUR/USD is likely to be blocked at 1.2845 with a move back to 1.2790.
Thats what did it today folks... haha lets see if these levels hold... TGIF...
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