US Home Prices Continue Rising: 10.9% YoY

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The S&P / Case Shiller Home Price Index rose 10.9% year over year. Itwas expected to print an annual rise of 10.2% after a rise of 9.3% last month. Month over month, it rose a strong 1.1%. Non seasonally adjusted figures rose 1.4%. These are all good figures that are dollar positive.

EUR/USD has been trading steadily at around 1.2930, while USD/JPY managed to hold above 102, after riding on the Japanese stock market gains earlier. Currencies are not reacting strongly so far. Another important indicator is still waiting.

Last week, new home sales stood on 4.94 (annual), more or less within expectations, while new home sales surprised with a nice rise to 454K.

The US and the UK enjoyed a holiday yesterday, and market activity was relatively thin. Now, volume is back to normal. The next important release of the day is the Conference Board’s consumer confidence.

See how to trade the CB consumer confidence with USD/JPY.

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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.

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