US Housing data

How significant do you guys think Tuesday's housing data will prove to be for the US Dollar this week? Any predictions for fiber or cable as a result?

Well in the past it's just caused a small spike followed by a technical completion. So... I'm guessing it won't matter except to intra-day traders.

Just my shrinking $.02 tho... obviously it could do anything, who the heck knows.

i figure with all eyes on the mortgage crisis, and with financial institutions reporting we might see some interesting action this week.

There will be a whole bunch of Dow Jones Industrial Average companies reporting this week. It will jerk the market in every which way, and have serious bearings on the currencies. No idea which way it will go. It's amazing to me how everything is so subjective. When Citigroup, JP Morgan, and gang reported substantial profit drops, the market was happy with it and the markets shot up! It's just beyond me how low the market expectations are.

i agree scyang, you never know how the market is going to react.... i guess thats what makes news time exciting, in a dorky, trader sort of way