We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • 🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT), Actual: 0.4% Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
  • 🇯🇵 JPY National Consumer Price Index (YoY) (OCT), Actual: 0.2% Expected: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2019-11-21
  • 🇯🇵 JPY Natl CPI Ex Fresh Food, Energy (YoY) (OCT), Actual: 0.7% Expected: 0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-21
  • The $CAD may fall if local CPI and retail sales data adds fuel Bank of Canada easing bets. Where do AUD/CAD, NZD/CAD and GBP/CAD stand ahead of the Canadian data? Get your market update from @ddubrovskyFX here:https://t.co/oIDWTbIFu9 https://t.co/rEAbfmoYa7
  • Heads Up:🇯🇵 JPY Natl CPI Ex Fresh Food, Energy (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-21
  • Heads Up:🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
  • Heads Up:🇯🇵 JPY National Consumer Price Index (YoY) (OCT) due at 23:30 GMT (15min), Actual: N/A Expected: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2019-11-21
  • RT @KyleR_IG: * CBA AUSTRALIA NOV. FLAS COMPOSITE PMI 49.5 VS 50 IN OCT * CBA AUSTRALIA NOV. FLASH SERVICES PMI 49.5 VS 50.1 IN OCT * CBA A…
  • #Gold: For the bull-flag to get into motion the top-side parallel of the pattern will need to be crossed, something that may have to wait until early next year. Get your $XAUUSD technical analysis from @PaulRobinsonFX here:https://t.co/MYNsQmAPXJ $gld https://t.co/xObRO4DIdh
  • 🇦🇺 AUD CBA Australia PMI Services (NOV P), Actual: 49.5 Expected: N/A Previous: 50.8 https://www.dailyfx.com/economic-calendar#2019-11-21
Forex: US New Home Sales Fell 0.3% in October; USD/JPY Weakens

Forex: US New Home Sales Fell 0.3% in October; USD/JPY Weakens

2012-11-28 16:15:00
Renee Mu, Currency Analyst
Share:

THE TAKEAWAY: [US new home sales unexpected declined in October] > [Showing limited progress in housing market recovery] > [USD/JPY Weakens]

Sales of new single-family homes in the U.S. dropped 0.3% to 368,000 in October according to the estimates released jointly by the U.S. Consensus Bureau and the Department of Housing and Urban Development. The median forecast of economists surveyed by Bloomberg News had projected a 0.3% increase to 390,000 in October. September’s figures were revised downwards to a 0.8 percent increase to 369,000, from the initial figures of a 5.7 percent gain to 389,000.

Purchases fell in two of four regions last month. In the Northeast, home purchases dropped 32.3 percent due to a ‘minimal’ effect on the data from superstorm Sandy according to the Commerce Department. Sale in the south fell 11.8 percent to 14,000 the same level as in August. The lower sales at the end of the year add to signs of limited progress in the housing market. At the same time, tight lending standards may prevent a bigger recovery in the market.

USD/JPY 1-minute Chart: November 28, 2012

US_New_Home_Sales_Fell_in_October_body_1128-2.jpg, Forex: US New Home Sales Fell 0.3% in October; USD/JPY Weakens

In the minutes following the data release, the U.S. dollar dropped against the major currencies, falling 6 pips against the Japanese Yen to 81.75. However, as markets corrected, the greenback quickly pared most of its losses, though it remained at lower levels than those seen prior to the data release. At the time of this report, the USD/JPY was trading at 81.77.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.