Pending Home Sales (USD) – 27/10
- Donald Herison
- English
- ANNOUNCEMENTS
- Hits: 2603
What is it? It checks the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.
It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.
Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.
When? October 27th at 10:00am Eastern Time.
Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.
Talk to us to get get FREE signals and start earning now:
Other top stories:
How I Made Over $30,000 a Year by Investing in Binary Options
Amazon is Doing Badly this Year and it's Showing
Follow us and SHARE this story on Facebook/Twitter: