US Existing Home Sales | March 20, 2014 | US Existing Home Sales report today probably won’t be a market mover unless we get our deviation, but with it being scheduled at 10:00am, we should pay attention to this release just in case there is a surprise. 10:00am Existing Home Sales Forecast 4.65M Previous 4.62M DEVIATION: 0.4M / 400K (BUY USD 5.05M / SELL USD 4.25M) The Trade Plan Because the Housing sector is one of the most fundamental components of the U.S. economy, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of world on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
Posted on: Thu, 20 Mar 2014 07:47:14 +0000
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