Global concerns market to Overshadow the United States, new home sales

Michael Wright, analyst currency TUE Nov 23 GMT 16: 50: 00 2010 . by u.s. New home sales (GMT 15: 00 GMT)

Overview: 1,6% of the previous: 6,6% Basic Outlook new home sales in the largest economy in the world are expected to be the growth of 1.6% in October after climbing 6,6% after the prior month. Report of sales routes disappointing existing issue which fell 2.2 percent Among economists forecast-1,1%. In fact, the new home sales read 6,6% would represent almost the growth rate of 10 percent, which rests the pointer over the third quarter of the pace. It is worth noting that the indicators are pointing so late to higher new report the sale of your home. By looking at the breakdown of the report of the University of Michigan, the main conditions of purchase pushed higher, while the housing market index advanced in October. Despite the better than expected or disappointing report tomorrow a wider market will probably dictate prices of shares. Of late, as fears about the debt crisis in the euro area continued to rattle the global markets, despite the announcement of Ireland, that shall adopt measures to rescue EU-IMF. Market participants still fears that the crisis will extend to Portugal and Spain in the case of the economies of both stand at the crossroads. In the meantime, the speculation from China tightening stop, though North Korea allegedly fired artillery shells, 200 rounds in South Korea. In turn, currency traders will likely seek a flight to safety in the second half of the week. Join John Rivera to cover the United States a new report, Home sale live! Technical chart Daily USDCAD Outlook charts created with FXCM strategy Trader – prepared by Michael Wright USDCAD: para looks observation for Gordon some intraday trade and again in its descending channel. However, operators should keep a close eye on the channel, the additional power of the Dollar may lead to a clear division and close above these levels, which in turn will validate the reversal of the trend.On the contrary of speculative mood index is 1.82 and signals for the additional losses for more technical support visit the DailyFX analysis pages written by Michael Wright, currency Analyst to receive future articles by e-mail, please contact Michael Wright on mwright@fxcm.com is the author of FX headlines, base vs. technical intraday Trading company, the weekly spotlight, and Forex Trading weekly Forecast

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16: 50: 00 TUE Nov 23 GMT 2010

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