The Case-Schiller HPI showed a year over year drop of 1.9% in US house prices. This refers to the top 20 urban areas. A drop of 2.4% was expected after last month’s 2.7% drop. On a month-over-month basis, prices actually rose by 0.67%, more than double the early expectations of a rise of 0.3%. USD/JPY and EUR/USD are both rising – a mild “risk on” reaction. Housing data has been relatively encouraging of late. Building permits rose nicely and so have new home sales. However, existing home sales and housing starts are somewhat flat. The US housing sector seems to be bottoming out at the moment. This may discourage the Fed in any additional quantitative easing. One of the key concerns of the Federal Reserve was the housing sector. With long term yields at historic lows and house prices slowly moving up, there’s no reason to act in the near future. The CB Consumer Confidence figure is next. See how to trade it with USD/JPY. 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Top 7 Trader Styles and Strategies – Infographic by Yohay Elam 9 years The Case-Schiller HPI showed a year over year drop of 1.9% in US house prices. This refers to the top 20 urban areas. A drop of 2.4% was expected after last month's 2.7% drop. On a month-over-month basis, prices actually rose by 0.67%, more than double the early expectations of a rise of 0.3%. USD/JPY and EUR/USD are both rising - a mild "risk on" reaction. Housing data has been relatively encouraging of late. Building permits rose nicely and so have new home sales. However, existing home sales and housing starts are somewhat flat. The US housing sector seems to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
