US Home Prices Continue Rising in 2013

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The Standard & Poor’s / Case Shiller house price index showed a year over year rise of 8.1% in January. Expectations stood on a rise of 7.9% after 6.8% in December. Month over month, prices rose 0.1%.

Update: US home sales disappointed, and so did consumer confidence.

EUR/USD remains depressed under the 1.2880 line, awaiting more clarity on the situation in Cyprus. USD/JPY traded around 94.20 towards the publication.

The housing sector is leading in the slow US recovery. The US will release the number of new home sales soon, and this will provide more insight on the sector.

Earlier, durable goods orders were mixed: the headline number rose by 5.7%, better than 3.9% that was expected. On the other hand, core orders fell by 0.5%, while a rise was expected.

Further reading: More Solid US Data: Philly Index Goes Positive

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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 the 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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