Forex Trading News: EURUSD Consolidates, Trading Near 50.0% Fibonacci Level

Behind the EURUSD hitting 6-month lows, the pair has consolidated seeing a pretty tight trading range. The pair is now almost exactly near 50.0%. The 61.8% and 38.2% levels were both broken temporarily, yet the pair was unable to break towards either high or low.

Forex News: NZD Building Consents out at +4.7

Building Consents Out at +4.7%

Previous -20.1%

Building Consents are the change in the number of new building approvals that are issued. It is a good gauge of construction activity in the future because the first thing required for construction is a permit. It also creates jobs, and expands into business for other goods and services such as supplies, and sub-contracting.

Forex News: AUD Private SEctor Credit MoM Out at .5%

Expected at +0.5%

Actual +0.4%