- US new home sales at 719k (734k expected)
- Durable orders see a big dive on defense aircraft
- Core orders continue to be weak
Another US release disappointed today with new home sales at 719k annualized vs 734k expected. That’s slightly up from October but the previous number was revised down from 733 to 710k. Not a massive miss but confirms a soft tone we got from the previous report.
EURUSD is at the support zone – will soft US data help the pair? Source: xStation5
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