Bad news in the United States on the side of the housing market with sales of new housing collapse a month on the other falling from 13.4%, while the consensus expected a modest 1.4% decline. This is the largest monthly decline since May 2010. Sales growth first calculated at 8.3% the previous month is revised down to only 3.6%. Year on year, sales of new housing stood at 394,000 against 490,000 previously anticipated and 455,000 (revised down from 497,000). Advanced by the Governor Bullard earlier referring to the increase in mortgage rates would she fears being materialize? The reaction is immediate with the forex EUR / USD pair is back on 1.3360 resistance could not resist for long.
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