Tomorrow, 09-25-09 at 10:00 AM ET, the USD New Home Sales and New Home Sales MoM monthly reports will be released by the Census Bureau
The last time these reports were released was on Wednesday 08-26-09 at 10:00 AM ET.
I did a “follow up” of these reports on Sunday, 08-30-09, click here for a review.
I also did a “preview” of these reports, click here for a review.
Here is what is coming up tomorrow:
USD – New Home Sales – Stats
Previous = 433K
Forecast = 442K
Last month the “actual” came out 40K higher than the “forecast”, which looked good for the USD. But it appeared that the only currency pair that eventually moved in the “predicted” direction was the GBP/JPY. Check out the last month “follow up”, click here.
Again, I will be set up to trade the GBP/JPY if the New Home Sales report “actual” comes out 30K or more different from “forecast”.
Remember, what has happened in the past may not repeat itself under similar circumstances.
I will be writing a “follow up” post of these reports soon after.
The next scheduled report is on Wednesday 10-28-09.
Stay tuned!
