Sales of new homes in the US rose to 389K. A rise from 373K to 386K (before revision) was expected. Update: last month’s number was now revised to the downside: 368K. So, this is a rise of 5.7% from the previous month. USD/JPY and EUR/USD are rising initially, but the moves are limited. Update: EUR/USD is now ticking lower. The US housing sector has been outperforming other sectors. Sales of new homes are only a small part of the market, but they usually trigger significant economic activity around the construction of the new homes, neighborhoods, etc. Building permits and housing starts stood out with big advances in recent months. Sales of existing homes were less volatile. Manufacturing remains the weaker link of the US economy. The Flash Manufacturing PMI showed another month of slow growth, with a score of 51.3 – not too far from the 50 point mark separating growth from contraction. EUR/USD was hit earlier by weaker German data, but later recovered on reports of an agreement between Greece the troika. 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 Fed Unlikely to Change Policy or Forecast Yohay Elam 11 years Sales of new homes in the US rose to 389K. A rise from 373K to 386K (before revision) was expected. Update: last month's number was now revised to the downside: 368K. So, this is a rise of 5.7% from the previous month. USD/JPY and EUR/USD are rising initially, but the moves are limited. Update: EUR/USD is now ticking lower. The US housing sector has been outperforming other sectors. Sales of new homes are only a small part of the market, but they usually trigger significant economic activity around the construction of the new homes, neighborhoods, etc. Building permits and housing… 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.
