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European Session: Risk Aversion Puts EURUSD And Gold On The Ropes
10/29/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Equities traded heavily throughout the day yesterday, but it took a large miss in forecasts for US New Home Sales (-3.6% MoM vs. +2.6% expected) to add the catalyst for a USD rally late in the session. The numbers are particularly worrying considering that these figures reflect the performance of the housing market under stimulus, and considering the recent speculation that first-time homebuyer… | ||||||||||||||||||||
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