Global markets are pricing the increasing house sales data in the USA - Forex News - Forex Doping

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Global markets are pricing the increasing house sales data in the USA today. Housing market data shows a more optimistic picture. According to the report, new residential sales increased by 6.1 % in February to 592 thousand.According to the data released yesterday in the USA, the weekly unemployment rate was higher than the market expectation with 258 thousand people and increased compared to the previous turnover. 

When we look at today, investors will follow orders for durable goods in February to be announced in the US. Another important development for the US economy is the congressional convention for health reform. The vote yesterday was delayed due to the growing concern that it could not pass the new health reform package.

On the other hand, the European economies are having lively times nowadays.  We can say that the Leading Purchasing Manager Index (PMI) data is important for the Euro for the month of March. The market expectant indexes will not change much compared to the previous turnaround. A possible recovery is a matter of course, as the region's economies are showing stronger retreat of the first quarter of the year. 

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