Today, the following news may impact the markets:
Dear Traders,
Please pay attention to these important economic news and events that may raise some instruments' volatility. We do recommend you taking that into account when trading.
Instruments: S&P 500 (ES), DJIA (YM), NASDAQ (NQ), EUR/USD, USD/JPY, XAUUSD.
Event: Housing Price Index (MoM) (Feb), USA.
Date and time: April 23, 2019, 13:00 am GMT.
Previous value: 0.6%. Expectations: 0.3%.
Why is it important?
The Housing Price Index released by the Federal Housing Finance Agency provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
Instruments: S&P 500 (ES), DJIA (YM), NASDAQ (NQ), EUR/USD, USD/JPY, XAUUSD.
Event: New Home Sales (MoM) (Mar), USA.
Date and time: April 23, 2019, 14:00 am GMT.
Previous value: 0.667M. Expectations: 0.650M.
Why is it important?
The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.
Happy trading,
Libertex Team.
