US New Home Sales is the major market mover today. Here is an outlook on the coming events.
In the US, New Home Sales measuring the number of new houses sold including prices affecting mortgage rates. A major indicator of economic conditions dropped further in February by 16.9% to 250,000. An increase is expected now.
In Australia, Conference Board Australia leading Index measuring upcoming trends of economic activity containing employment data, housing data and stock prices forecasting economic growth gained 0.1% in January. A further increase is expected.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Corporate Service Price Index, measuring prices of services bought by companies considered a major indicator of inflation decreased by 1.0% in February . Another plunge is predicted.
That’s it for today. Happy forex trading!
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