US new homes sales for April came in 634 k vs 678 k exp. and 693 k previously (revised to 665 k) (-4.7% vs -2.2% exp. and 8.8% previously)
Reading shows that higher interest rates in US trim demand for new homes significantly. Despite on that market push back the timing of the first Fed rate cut to December from November, as US PMI came in much higher, than expected especially in Services.
Economic calendar: Inflation in Europe and US manufacturing in the spotlight📌
📉EURUSD loses 0.3%
Economic calendar: German GDP, US jobless claims and FOMC speeches🎙️ (15.01.2026)
MIDDAY WRAP: Mixed sentiment in Europe, declines on U.S. indices