Tomorrow, Tuesday, 06-22-10 at 10:00 AM ET a USD report will be released, which is the USD Existing Home Sales report, released monthly by the National Association of Realtors.
Probably the most important report of these is the “Existing Home Sales”.
This report will be released alone with 3 others and a speech:
USD Treasury Sec Geithner Speaks
USD-HPI MoM
USD-Richmond Manufacturing Index
EUR Consumer Confidence
I did not record the reports for the months of April and May
I did a “follow up” post on the March reports, click here for a review.
Here are the stats for this month:
USD Existing Home Sales stats:
Previous = 5.77 M
Forecast = 6.23 M
This “forecast” indicates that there will be an increase of home sales of about 46,000 homes over last months sales.
But I doubt it!!!
Here is how I am set up for tomorrow:
USD-10-00AM-ET-06-22-10
Looking for a 20K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual———-forecast———-previous
_______________6.23M________5.77M
Out at 6.43M or Higher – BUY USD/CAD
Out at 4.03M or Lower- SELL USD/CAD
I think that a good difference between the “actual” and the “forecast” of say 20K or more could present a brief “scalp” opportunity with the currency pair EUR/USD or the USD/CAD and perhaps some of the other currency pairs.
I did post a “follow up” on the results of this report, click here to see what happened.
The next release of theses reports will be on Thursday, 07-22-10 at 10:00 AM ET.
I will probably post a “preview” a day or two prior.
So, stay tuned!
