Worse Than Expected New Home Sales for US, Fed Announces Rate Decision Tomorrow
October 27, 2015 8:20 am
The United States announced worse than expected New Home Sales yesterday, whilst tomorrow the Fed will announce their rate decision. On Wall Street there was a mixed bag last night with the tech heavy Nasdaq gaining 0.06%, the Dow Jones ended down 0.13% and the S&P finished 0.19% lower.
Dollar YEN is currently around 120.50 and is down on the day approximately 0.37%. EUR/USD is flat on the day trading in the region of 1.10548. The disappointing New Home Sales hit the Dollar index yesterday, resulting in a 0.2% retraction against a basket of major currencies.
Overnight in Asian markets Japanese shares fell on the upcoming data announcements in the US and Japan ending a 4 week rally. The Shanghai Composite Index was up 0.14% whilst the Hang Seng index lost 0.21%. The Japanese Nikkei fell 0.90%.
Oil today was punished again with oversupply fears. West Texas Intermediate crude is at $43.45 per barrel, down on the day 53 cents. Brent Crude is trading around $47.16 barrel down 38 cents.
Today at 12:30 UK time the US is announcing its Core durable goods orders and at 2pm the US also announces CB consumer confidence.
The United States announced worse than expected New Home Sales yesterday, whilst tomorrow the Fed will announce their rate decision. On Wall Street there was a mixed bag last night with the tech heavy Nasdaq gaining 0.06%, the Dow Jones ended down 0.13% and the S&P finished 0.19% lower.
Dollar YEN is currently around 120.50 and is down on the day approximately 0.37%. EUR/USD is flat on the day trading in the region of 1.10548. The disappointing New Home Sales hit the Dollar index yesterday, resulting in a 0.2% retraction against a basket of major currencies.
Overnight in Asian markets Japanese shares fell on the upcoming data announcements in the US and Japan ending a 4 week rally. The Shanghai Composite Index was up 0.14% whilst the Hang Seng index lost 0.21%. The Japanese Nikkei fell 0.90%.
Oil today was punished again with oversupply fears. West Texas Intermediate crude is at $43.45 per barrel, down on the day 53 cents. Brent Crude is trading around $47.16 barrel down 38 cents.
Today at 12:30 UK time the US is announcing its Core durable goods orders and at 2pm the US also announces CB consumer confidence.
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