Why is the US Existing Home Sales Important? It measures the annualized number of existing residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation’s currency because large purchases tend to be made by consumers that are optimistic and confident in their financial position. The sale of a home also triggers commissions for real estate agents, and often home owners will purchase goods such as appliances and furniture shortly after purchasing a home. Traders watch this report closely as it’s the month’s first demand-side housing indicator to be released. Keep a date with this release in the next 4 Hours. fxtradecity.blogspot/p/live-fx-calendar.html
Posted on: Mon, 22 Jul 2013 09:33:45 +0000
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