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: Rising oil pressures EURUSD, bull run on Wall Street continues
๐US100 rebound continues
BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal
US Open: S&P 500 at all-time high ๐Charles Schwab decline 4.5% despite strong earnings report