Three housing indicators released today didn’t change the general picture about the US housing sector: it’s stuck. Housing and employment are highlighted are the soft spots of the US economy and are highlighted by the Federal Reserve. The Case Schiller indicator showed a year over year drop of 3.5%, exactly as expected. The last time it showed a rise was in September 2010. New Home Sales stood on an annual level of 328K, marginally higher than 321K expected. This is a 7.1% fall from last month, driven by a significant upside revision of data from 313K to 353K. The official House Price Index rose by 0.3%, better than 0.1% that was expected, but it came on top of a serious downside revision of last month’s figure from 0% to -0.5%. Last week’s data adds to the mixed picture: existing home sales disappointed last week while building permits rose nicely. All in all, the data is quite mixed and doesn’t point to any direction. The bright side is that this could be the bottom, and that we’ll see a gradual climb from here, but this is far from certain. Tomorrow we will hear how the Fed treats the housing sector and if the current situation justifies hinting about a third round of quantitative easing. The odds are slim. For more, see the FOMC Preview. Also in the US, CB Consumer Confidence dipped to 69.2 points, a bit under expectations of 69.6 points. The Richmond Manufacturing Index surprised with a jump from 7 to 14 points, yet this is a second or third tier indicator. 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 3 Outstanding Acts of Hypocrisy Towards Greece Yohay Elam 10 years Three housing indicators released today didn't change the general picture about the US housing sector: it's stuck. Housing and employment are highlighted are the soft spots of the US economy and are highlighted by the Federal Reserve. The Case Schiller indicator showed a year over year drop of 3.5%, exactly as expected. The last time it showed a rise was in September 2010. New Home Sales stood on an annual level of 328K, marginally higher than 321K expected. This is a 7.1% fall from last month, driven by a significant upside revision of data from 313K to 353K. The official… Regulated 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.