Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

US existing home sales rose by 4.2% during May, reaching annual number of 5.18 million and marking the highest value since November 2009. National Association of Realtors said that sales of existing homes jumped by 12.9% on annual basis in May, submitting a signal that recovery in the housing sector might continue. The average price of an existing house climbed to 208 000 USD, the highest value since 2008. The average price per home was 15.4% higher than that recorded in May 2012, as it climbed by the fastest pace since 2005. Preliminary estimates showed annual value of 5.00 million homes, while during April the sales indicator stood at 4.97 million.

Additionally, the Philadelphia FED Index reached 2-year high in June, rising sharply to a level of 12.5 from -5.2 in May. This sudden climb surprised economists, who placed their expectations, regarding the index reading, in negative territory, -1.0. Positive values state that more companies managed to expand their business activity. New orders indicator rose to 16.6 in June from -7.9 in May.

EUR/USD pair erased another 30 pips after the release of the above series of positive data from the United States, falling down to a fresh session low at 1.3160.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Gold hovers near 5-month lows on stronger US economy outlookGold hovers near 5-month lows on stronger US economy outlook Gold extended losses on Tuesday, having hit the lowest level since July 8th on Monday on reinforced speculations the Federal Reserve may reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Friday’s trade (in GMT terms) saw USD/CAD within the range of 1.3002-1.3188. The pair closed at 1.3028, plummeting 0.97% compared to Thursdays close. It has been the 140th drop in the past 305 trading days, a second consecutive one and also […]
  • Forex Market: EUR/GBP daily forecastForex Market: EUR/GBP daily forecast Yesterday’s trade saw EUR/GBP within the range of 0.7971-0.7992. The pair closed at 0.7974, losing 0.20% on a daily basis.At 6:15 GMT today EUR/GBP was down 0.01% for the day to trade at 0.7973. The pair touched a daily low at 0.7970 at […]
  • Cardano Recovers After 36% Weekly Plunge, Retests $0.64Cardano Recovers After 36% Weekly Plunge, Retests $0.64 Key momentsCardano's ADA price rebounds slightly after a significant drop, retesting a critical support level around $0.64. On-chain data indicates growing bullish sentiment, with the funding rate turning positive and bullish bets […]
  • Forex Market: EUR/GBP daily forecastForex Market: EUR/GBP daily forecast During yesterday’s trading session EUR/GBP traded within the range of 0.8202-0.8246 and closed at 0.8233.At 6:20 GMT today EUR/GBP was losing 0.04% for the day to trade at 0.8231. The pair touched a daily low at 0.8230 at 6:05 […]
  • Blackstone shares gain the most in two weeks on Thursday, second-quarter earnings beat, inflows for last twelve months hit a recordBlackstone shares gain the most in two weeks on Thursday, second-quarter earnings beat, inflows for last twelve months hit a record Blackstones second-quarter earnings, reported on Thursday, topped Wall Street estimates, as assets under management grew 24% and inflows for the last twelve months hit a record.Blackstone shares closed higher for the third time in the […]