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New Home Sales 417K – Within Expectations

Sales of new homes in the US now stand at an annual pace of 417K. They were expected to tick up from 411K (before revisions) to 416K now.

EUR/USD was moving up, breaking back above 1.30 before the publication, after suffering a downfall earlier in the day. USD/JPY also recovered, trading around 99.30.

Existing home sales came out a bit short of expectations, dropping to a pace of 4.92 million. The official House Price Index rose by 0.7%.

The housing sector has been strong in the US in recent months and has led an accelerated recovery. However, recent figures fell short

The Richmond Manufacturing Index was predicted to remain unchanged at 3. It fell to -6 points – quite a disappointment, but this is a low tier indicator.


Yohay Elam

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.