BREAKING: US pending home sales below expectations

US Pending Home Sales (MoM):

May: -2,1%
Expected: 0,5%
Previous -7,7%

US Pending Home Sales took an unexpected decrease in May compared to the previous month. Current trends might suggest easing home prices in upcoming months due to the softening demand. Pending home sales took the worst decline in Midwest and South regions of the USA, however in the Northeast and West they increased. Compared to last year, sales declined in every main region.

US Dollar took another downward move after worse than expected Pending Home Sales. However USDIDX quickly recovered and is now traded over its support level around 105.4, which stopped previous declines after data from US economy. Source: xStation

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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BREAKING: US pending home sales below expectations

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