The number of pending home sales in the US rose by 0.3%. Expectations stood on a rise of 2.3%. Last month saw a drop of 2.6%, and it was not revised now.
EUR/USD is still struggling under 1.30. USD/JPY is marching forward, after having crossed the 80.20 line, and it is now retreating back towards this line.
The pending home sales figure is a bit disappointing after new home sales exceeded expectations, joining strong rises in building permits and housing starts.
Earlier, weekly jobless claims came out within expectations, at 369K. A figure of 371K was expected. It’s important to note that the weekly claims figure is now back to normal after two abnormal weeks, where they initially plunged to 342K and then leaped to 392K.
Core durable orders jumped by 9.9%, above expectations of +7.1%. Core durable goods orders rose by 2%, better than +0.8% that was predicted. While the differences look big, they come after huge plunges seen last month, and should be read carefully – volatility in these figures is very high.
Tomorrow, the US releases the first estimate for Q3 GDP. See how to trade it with EUR/USD.
