Another positive piece of US economic data - Forex News by FX Leaders

Another positive piece of US economic data

Posted Tuesday, May 24, 2016 by
Skerdian Meta • 1 min read

The US new home sales data was released about an hour ago and it came about 100k above expectations at 619k. Even the previous data was revised 20k higher. The FED wanted more positive data in April and since then the numbers have really improved. So a June rate hike looks closer now. 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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