The price housing index far exceeded the expectations reflected in market forecasts, and the consumer confidence soars to a figure not seen in over five years.
However, in the course of this morning I have seen very volatile movements and quite erratic in the opposite direction of that aim.
We must remember that we are at the end of the month and at this time there are usually flows from portfolio adjustments and some other major central banks also need to balance their reserve accounts.
In any case, these excessive movements, with the necessary precautions to be taken in these cases, give opportunities to be guided by the major trend.
It is for this reason that the EUR/USD 1.2950 area is still a good selling opportunity.
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