Sales of New U.S. Homes Decrease to End First Year of Rebound | Forex Factory

  • Sales of New U.S. Homes Decrease to End First Year of Rebound

    From bloomberg.com

    Purchases of new U.S. homes unexpectedly dropped in December, indicating the U.S. housing rebound will take time to develop after the industry completed its first year of recovery. Sales declined 7.3 percent to a 369,000 annual pace following a 398,000 rate in November that was higher than previously estimated and the strongest in more than two years, Commerce Department figures showed today in Washington. The median estimate of 77 economists surveyed by Bloomberg called for sales to reach 385,000 last month. Even with December’s slip, 367,000 new homes were purchased for all of 2012, the most since 2009 and the ... (full story)

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me-me
Jan 25, 2013 9:33am
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Quoting skyboys007
USD/JPY bids seen on dips to 90.65/70
By Jamie Coleman So wonderful.Some free pips in Eur/JPY.
Again nice work from forexlive.
I think he wanted to say 89.65 - please read the entire post
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Mr D.
Jan 25, 2013 9:45am
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The numbers are meaningless. When the big banks want it up then up it goes or down the same. When you follow fundamentals or technicals you will lose just follow the banks and buy the Euro until they start to sell it. It is the only thing that works.
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Gaaikema
Jan 25, 2013 10:39am
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And I thought it was safe to put my s.l. at 1.3480 when going away to walk the dog. It took it on the tenth of a pip. Good weekend!
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nahidlink
Jan 25, 2013 9:12am
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LOL
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Mr D.
Jan 25, 2013 9:06am
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Buy the Euro Buy Baby Buy. I will buy a roll of Euro's for my bathroom
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Mr D.
Jan 25, 2013 9:38am
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Oh my god 6 months all green candles on the Eur/USD There are no more Euros to buy. They now own all the free floating Euros in the world. Will have to follow the dollar and print some more
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skyboys007
Jan 25, 2013 9:29am
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USD/JPY bids seen on dips to 90.65/70
By Jamie Coleman So wonderful.Some free pips in Eur/JPY.
Again nice work from forexlive.
Reply
ro.user
Jan 25, 2013 9:57am
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I think going under or consolidation threshold at 1.3480 area, maybe even a retreat to 1.34
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Spreadbetter
Jan 25, 2013 11:30am
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Eh? Anyone care to comment on the dead cat not even getting off the floor to bounce that is the housing market? Once you strip away flight money having nothing better to do its fubar.
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Trader#40D0
Jan 25, 2013 9:15am
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why EUR is not moving up, the report from US is not good for dollar
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Trader#2032
Jan 25, 2013 9:26am
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3480-3490 is a very strong resistance.
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