One month it’s up, the next it’s down. A tumble down of 11.4% in new home sales was reported for April. The figure stands at 569K, down from an upwards revised 642K in March. The US dollar is responding with a small drop, especially against the yen. The US was expected to report a small drop of 1.5% in the annualized number of new home sales to 610K in April. In March, sales reached 621K before revisions. The Richmond Manufacturing Index was forecast to slip from 20 to 15 points. The US dollar was stable before the data came out. EUR/USD slipped from the highs to trade around 1.1240. USD/JPY was hugging the 111 level while GBP/USD traded just below 1.30. The deadly bombing in Manchester is dampening the mood of traders but does not seem to affect markets. Data overshadowed by Donald Earlier, Markit’s flash purchasing managers’ indices for the US came out a bit mixed. The manufacturing sector PMI dropped from 52.8 to 52.5 and the services PMI jumped from 53.1 to 54. ISM’s numbers carry more weight and they are released next week ahead of the US Non-Farm Payrolls. The bigger elephant in the room is President Donald Trump. While he continues his tour, new revelations complicate his fortunes. Last week, the market tumbled on the Comey memo. While stocks have recovered, the dollar remains on the back foot. More: Forex Crunch Survey – Please Participate 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 EUR: Specs Started Buying Into Stronger EUR Outlook; What’s Yohay Elam 6 years One month it's up, the next it's down. A tumble down of 11.4% in new home sales was reported for April. The figure stands at 569K, down from an upwards revised 642K in March. The US dollar is responding with a small drop, especially against the yen. The US was expected to report a small drop of 1.5% in the annualized number of new home sales to 610K in April. In March, sales reached 621K before revisions. The Richmond Manufacturing Index was forecast to slip from 20 to 15 points. The US dollar was stable before the data came out.… 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.
