10:00am NY Time US Existing Home Sales Forecast 5.51M Previous 5.45M
ACTION: USD/JPY BUY 5.90M SELL 5.10M
We’ll be focusing on trading the Existing Home Sales today, and since Housing news is one of the more important news event out of the US, this news release will certainly cause some volatilit,y especially if our tradable figures were hit. Given the fact that this is the last high impact news release of the week, we could expect to see some traders waiting for this release before committing to a trade…
This is a preview of US Existing Home Sales 02/26/2010. Read More...
10:00am NY Time US Existing Home Sales Forecast 5.95M Previous 6.54M
ACTION: USD/JPY BUY 6.35M SELL 5.55M
We’ll be trading the Existing Home Sales, and since Housing news is one of the more important news event out of the US, this news release will certainly cause some volatility especially if our tradable figures were hit. It is important to consider that if we get a better than expected release, USD could suffer somewhat from risk appetite sentiment as signs of housing recovery translate into equity gains; however, a worse release may boost USD demand as investors seek safe-haven shelter in U.S. Treasury. But the reaction of USD may be different against other pairs… for instance, a better release should be bearish for EUR/USD; a worse than expected release will be bad for USD/JPY…
This is a preview of US Existing Home Sales 01/25/10. Read More...
10:00am NY Time US Existing Home Sales Forecast 5.71M Previous 5.57M
ACTION: USD/JPY BUY 6.11M SELL 5.37M
We’ll focus on the Existing Home Sales, and since Housing news is one of the more important news event out of the US, this news release will certainly cause some volatility especially if our tradable figures were hit. It is important to consider that if we get a better than expected release, USD could suffer from risk appetite sentiment as signs of housing recovery translate into equity gains; however, a worse release may boost USD demand as investors seek safe-haven shelter in U.S. Treasury. It will be a typical battle between fundamental outlook and risk sentiment… With USD just rallied last week against all other majors, a positive release could accelerate USD’s decline as demand for risk appetite may return to the market.
This is a preview of US Existing Home Sales m/m 11/23/09. Read More...
10:00am (NY Time) US Existing Home Sales Forecast 5.37M Previous 5.10M
ACTION: USD/JPY, USD/CHF BUY 5.77M SELL 4.90M
We’ll focus on the Existing Home Sales, which is expected at 5.37M; Our tradable difference is 400K, or 0.4 Million; if the actual figure is lower, it would be bearish for the USD and good for risk aversion; if the number is higher, then it would be bullish for USD and good for risk appetite.
This is a preview of US Existing Home Sales m/m 10/23/09. Read More...
10:00am (NY Time) US Existing Home Sales Forecast 5.36M Previous 5.24M
ACTION: USD/JPY, USD/CHF BUY 5.76M SELL 4.90M
Existing Home Sales is expected at 5.36M, and our safe deviation is 400K, or 0.4M; if the number is lower, it would be bad for the USD and good for risk aversion; if the number is higher, then it would be good for USD and good for risk appetite.
This is a preview of US Existing Home Sales 09/24/09. Read More...
10:00am (NY Time) US Existing Home Sales Forecast 4.82M Previous 4.77M
ACTION: USD/JPY, USD/CHF BUY 5.22M SELL 4.42M
Existing Home Sales is expected at 4.82M, if the number is lower, it would be bad for the USD; if the number is higher, then it would be good for USD.
Definition:
Measures the annualized number of existing residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation’s currency because large purchases tend to be made by consumers that are optimistic and confident in their financial position. The sale of a home also triggers commissions for real estate agents, and often home owners will purchase goods such as appliances and furniture shortly after purchasing a home. Traders watch this report closely as it’s the month’s first demand-side housing indicator to be released.
This is a preview of US Existing Home Sales m/m 07/23/09. Read More...
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