03:00 PM BST, United States - New Home Sales for May:
- actual 623K; forecast 694K; previous 722K;
03:00 PM BST, United States - New Home Sales for May:
- actual -13.7% MoM; previous 9.6% MoM;

New data continues to highlight a clear problem with sales in the United States. There has been a significant increase in housing supply recently, but a lack of new buyers. While the dollar and stock indices are not reacting strongly to the data, lower timeframes show a slight weakening of the currency and declines in futures contracts.

Treasury triples bond buybacks, but yields keep rising ๐ฉ TNOTE at its highest since November 2023
US Open: Wall Street sentiments mixed as oil jumps above $100 ๐ฝ Casey General shares tumble 18%
Market Wrap: A sunk tanker drags european stocks lower
Economic calendar: Macro releases overshadowed by the Middle East conflict โ๏ธ