LeoPrime Daily Market Analysis

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U.S Home Sales dropped in March

Starting off the week the volumes remained subdued, which is expected because most markets have been closed since Friday.The Existing Home Sales change, released by the National Association of Realtors, provide an estimated value of housing market conditions which is announced as -4.9% mom vs -2.3% mom expected and the Existing home sales for the month of march is 5.21M vs 5.30M. The worst than expected release din’t affect the market so much but it did made a move. Despite of the weaker news, USDCHF rises 0.02% reaching the last week high after sales release, which is +0.16% growth for today. Housing data will remain in focus on Tuesday, with the release of the housing price index and new home sales.

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