The pair trades below 1,12 during the Euro session and we do not see major events in the Eurozone.
Today we have the figures of New Home sales. New Home Sales measures the change
in percentage of the new home sales, A new home sale is considered to be any
deposit or contract signing either in the year the house was built or the year
after it was built. A strong number would indicate a strong housing activity,
and therefore a strong economy.
Now we witness a lower than
expected number 2 % compared to the forecasted 3,2% . So we can not expect
stronger USD as well in short term . So
today was a trading range day with not breakthrough.
Interesting analysis.
ReplyDeleteVery helpful review.
ReplyDeleteInteresting view.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteThank you for the analysis, I will keep it in mind.
ReplyDeleteVery helpful assessment.
ReplyDeleteUseful article.
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