US Existing Home Sales 4.97 within expectations

The annual level of US existing homes sales was expected to rise to 4.99 million. This is a rise of 0.6% from a revised figure of 4.94 million last month. The original report stood on 4.92 million. All in all – no big changes.

EUR/USD extends its gains after the publication and breaks above 1.2960. USD/JPY slid lower and rose once again on this very slight miss. The new home sales will be published later on in the week.

Ben Bernanke now takes the scene.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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