EUR/USD up 0.17%. US existing home sales rose 1.7% in April.

EUR/USD fluctuated in a range of 1.1182 – 1.1250 throughout the day. As of 6:00 PM EDT the pair was trading at 1.1221, which is 0.17% higher than the previous close.

US shares rose today. Below is presented the performance of major indices:

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com
  • DJIA closed at 17,500.94, up 0.38%.
  • Nasdaq Composite increased 1.21% finishing at 4,769.56.
  • S&P 500 closed at 2,052.32, which is 0.60% higher than the previous close.

According to the report from the National Association of Realtors, the US existing home sales rose in April, representing the second consecutive month of gains. Sales increased 1.7% in April to a seasonally adjusted annual rate of 5.45 million, higher than the analysts’ estimate of 1.3% increase.

sdfggfgfr

“April’s sales increase signals slowly building momentum for the housing market this spring… but there’s growing concern a number of buyers will be unable to find homes at affordable prices if wages don’t rise and price growth doesn’t slow” written in the report from the National Association of Realtors.

Jesse Hurwitz, Barclays economist, said today that the existing home sales data confirmed the strength of the US housing market, adding that they expect the national construction and sales activity to expand throughout the quarter.

Oil prices finished slightly lower today. The WTI Crude closed at 47.75 USD/bbl, down 0.85%. The Brent Crude was trading at 48.76 USD/bbl as of 5:32 PM EDT, which represents 0.10% decline from the previous close.

“The combination of a stronger dollar, still excess supply over demand and ongoing overhang of inventories can be expected to put strong downward pressure on prices.” said Harry Tchilinguirian from BNP Paribas.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

Tags: , ,

Leave a Reply

You must be logged in to post a comment.