US Existing Home Sales 02/26/2010

Posted by Henry Liu on February 25, 2010 under Forex News Trade, US Existing Home Sales, USA | Be the First to Comment

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…

US Existing Home Sales 01/25/10

Posted by Henry Liu on January 25, 2010 under Forex News Trade, US Existing Home Sales, USA | 4 Comments to Read

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… 

US Existing Home Sales m/m 11/23/09

Posted by Henry Liu on November 22, 2009 under Forex News Trade, US Existing Home Sales, USA | Be the First to Comment

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.

US Existing Home Sales m/m 10/23/09

Posted by Henry Liu on October 22, 2009 under Forex News Trade, US Existing Home Sales, USA | 2 Comments to Read

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.

US Existing Home Sales 09/24/09

Posted by Henry Liu on September 23, 2009 under Forex News Trade, US Existing Home Sales, USA | 2 Comments to Read

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.

US Existing Home Sales m/m 07/23/09

Posted by Henry Liu on July 22, 2009 under General, US Existing Home Sales, USA | Read the First Comment

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.

US Existing Home Sales – 06/23/09

Posted by Henry Liu on June 23, 2009 under US Existing Home Sales, USA | Be the First to Comment

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