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.
Daily Summary: Powell pulls markets back up! 📈 EURUSD higher
EURUSD higher after Powell's speech! 💶📈
US OPEN: Wall street extends declines! 📉
US100 loses 1% 📉