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Posts Tagged ‘existing home sales’

A very busy morning

July 24th, 2008 Mark Gavalda No comments

I’m sorry this morning was so busy for me I didn’t have time to write! A tremendous amount of EUR news brought the currency down, then it was time for the Retail Sales that brought GBP down also, I managet to make some profit on that (I like to trade the news). Now it seems that everything is consolidating a bit, this little pause lets me write a few lines…

Some more news dated later today at the start of the New York session, Existing Home Sales wasn’t that important back in the days but now given the mortgage crisis and others they look at this economic indicator like it was some kind of messiah :) So watch out even if you’re not trading at the time. I will go into this more deeply soon.