Always wait for the opportune moment… just be careful not to miss it.
How to Implement EA from existing Indicator 5 replies
Please modify the existing LRC indicator 3 replies
Existing Home Sales, and the effect on USD? 4 replies
USD Existing Home Sales 62 replies
QuoteDislikedYou are right that existing home sales are not new inputs, but in terms of discerning the trend in the housing market this number is interesting because some 85% of total home sales comprise of the existing stock. Housing wealth in turn, is a vital element in the overall wealth, and if houses are not selling, that could indicator wider softeness in the economy.
'In the US, existing home sales (10:00 ET) are expected to fall for the fifth month running in August, with the market expecting a decline to 6.20mn – the lowest level since January 2004. The market remains very sensitive to the housing data and any number under 6M units will see bonds rally and the dollar sell off in a material fashion.'
A material fashion ... I love the verbiage!
Quoting merlinDislikedthis housing data should be fairly important today, another big decline will be the nail in the coffin for the US housing market.
i think the data will be bad, but i may be biased because im trying to buy a house in the next 12 months:Ignored
Quoting MoneyMa$terDislikedAgreed. Hard to go wrong shorting USD across the board.
Just information; not a recommendation. (oh come on MM!!)
Ignored
Quoting merlinDislikedthis housing data should be fairly important today, another big decline will be the nail in the coffin for the US housing market.
i think the data will be bad, but i may be biased because im trying to buy a house in the next 12 months:Ignored