Not much of a surprise that home prices continued to slide, according to the Case-Shiller index. Prices fell 17.4% from a year-ago in the top twenty metro areas of the US. The market may look past the data since the government has just unveiled a new program to try and deal with that problem by buying GSE paper.
EUR/USD is near-session highs, now at 1.3025. Next resistance is at 1.3117, dating back to November 5.