After an abbreviated holiday week of trading, the markets are back in full swing. Mondays can be a challenge to trade successfully, but there are several live strategies currently available over on the signals page.

Be sure to check in throughout the trading week for signals facing a broad spectrum of asset classes, including gold, oil, forex majors and cryptocurrencies.

Housing Data

Last Wednesday’s FOMC minutes have given investors a bit more to think about as we near the December FED meeting. With only 16 days to go, the dovish sentiment revealed in the minutes has weakened the USD across several of the majors.

Today’s housing data will be placed under the microscope by members of the FOMC, as inflation becomes the prominent theme in the marketplace.

New Home Sales Numbers Are In! Developers Continue To Post Gains!

Here are this morning’s data metrics:

Event                                                         Previous                 Projections             Actual

New Home Sales (MoM, Oct.)                      0.645M                  0.625M                 0.685M

New Home Sales Change (MoM, Oct.)        14.2%                      -6.3%                    6.2%                            

New Home Sales have shattered expectations, showing strength as we move into the U.S. fourth quarter. The stats are a big surprise to many, as U.S. New Home Sales have reached their highest level in a decade. Will this be the catalyst for an aggressive FED policy on December 13?

The news has been well received by the USD thus far, posting moderate gains against the EUR, CHF, and JPY after the release. Also, U.S. indices have opened in the green with the DJIA up 45 points and the S&P 500 up four.

Overview

It is good to be back in the saddle for a full week of trading. While holiday breaks are certainly welcomed, they pose liquidity challenges and can make for difficult market conditions.

We should see many more opportunities over the next five sessions than we have over the previous five. Be sure to stay tuned for analysis, trade ideas and live signals as we move towards Friday’s close.