U.S New Home Sales Rises 546K In May , USD Follows !

forex US home zu1xuw min
forex US home zu1xuw min

New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it’s released ahead of Existing Home Sales because the reports are tightly correlated.

U.S New Home Sales rose 546K , from 534K in the previous month, U.S New Home Sales was expected to fall 525K last month.

Market Impact : The USD may pullback , If seen, that would be an opportunity to buy USD on dips…

EURUSD : Resistance levels : 1.1205, 1.1255

GBPUSD:  Resistance levels: 1.5800 , 1.5850

USDJPY :  Support : 123.40, 123.00