US house prices rise 12.9% y/y in February

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US prices rises come in within expectations, at 12.86%. The Case Shiller Home Prices Index was expected to show a 13% year over year rise in February after a 13.2% level in January (before revisions).

The US dollar was stronger towards the release, with EUR/USD hit by weak German inflation, USD/JPY rising to the range high of 102.74 and GBP/USD still digesting the weaker than predicted GDP numbers.

Earlier this week, pending home sales exceeded expectations with a rise of 3.4%. Last week’s new home sales indicator badly disappointed.

Up next is the Conference Board’s Consumer Confidence figure for April, which is predicted to rise from 82.3 to 83 points.

See how to trade the Euro-zone inflation figure with EUR/USD.

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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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