well with the existing house sales coming in a bit higher than expected could we see the same as New Home sales, would make sense right? of coarse i was wrong about the GDP or maybe since GDP was up that means more houses were sold? Any input from anyone on this?
Ghost
Swoopen in for my pips while no one is lookin !!
That'd be my guess... which means you should probably believe the opposite.
Quoting Ghostpipper
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well with the existing house sales coming in a bit higher than expected could we see the same as New Home sales, would make sense right? of coarse i was wrong about the GDP or maybe since GDP was up that means more houses were sold? Any input from anyone on this?
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Joined Jul 2006
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Status: Pay the man ! !
|912 Posts
In my area existing home prices are falling. This could be a reason for increasing existing home sale activity. I don't know if this is true countrywide though.
In my area existing home prices are falling. This could be a reason for increasing existing home sale activity. I don't know if this is true countrywide though.
Ignored
its basic supply and demand
supply is more than its been in years
Demand for this product is low
what has to happen to move any product when this happens?
Price HAS to come down or no new interest will be generated so im sure its happening all over. My only problem is that the diffrence in the consensus and actual was .04 which is almost nothing really. Now if the diffrence was more of a substancial number id be more inclinied to think its going to be higher but....
wheres Moe at lol his system work this morn if he stayed in huge whipsaw
Ghost
Swoopen in for my pips while no one is lookin !!
true but everyone hates the dollar they love to crush it with good news and this isnt even good news its bad.....
Ignored
I understand. I also thought the dollar would suffer when the # came out. Citigroup is claiming a short-term opportunity has arisen to short the EUR/USD down to the 1.2900/1.3000 level. I won't be taking that risk just yet.
I think the dollar sellers are exhausted and even bad numbers are not gonna effect it any more in the long run. We may see spikes, but I think the dollar is going to turn around. I believe instances like this may be an indicator. I have only been in forex for six months, although about 60 hours per week. Regardless, my opinion isn't worth shit and I'm not even trading on it.
