US January pending home sales mm -4.7 % vs 0.5% exp vs

US January pending home sales data now out 28 Feb

  • 0.5% prev
  • yy NSA -1.7% vs -1.8% prev

Soggy data but notoriously fickle/volatile ( see chart below). Still lowest level in 3 years though and further evidence the housing market having a bit of slowdown. Pending sales should become reality in 3-4 months so let’s see how that pans out.
The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes
USD unfazed still and finding some buyers post-option expiry time. Yen demand still notable though as USDPY struggles to rally too far.
GBPUSD down to 1.3793, EURUSD 1.2205 AUDUSD 0.7796 USDCAD 1.2798
                                                   US Pending Home Sales mm Article Source

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