USD/JPY: Trading the US New Home Sales
From forexcrunch.com
The US New Home Sales indicator is released monthly, and provides analysts with a snapshot of the health and direction of the housing sector. A higher reading than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 14:00 GMT. Indicator Background The New Home Sales indicator helps measure of the strength of the US housing market, one of the most important sectors in the economy. As a house is likely to be the largest purchase that a consumer will make, home sales are a critical component for economic growth. New Home Sales ...
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