Existing Home Sales comes in at 3.98M against 4.01M consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
Existing Home Sales in the United States came in at 3.98 million for the latest release. This figure was below the consensus expectation of 4.01 million, representing a -0.7% surprise. The previous month’s reading stood at 4.06 million.
Following the release, market reactions were observed across several currency pairs and gold. The EURUSD moved up +8.4 pips after 15 minutes, exceeding its median 1-hour move of 7 pips seen after past releases. USDJPY moved down -18 pips, which is larger than its median 1-hour move of 10 pips. XAUUSD moved down -43 pips after 15 minutes, which is larger than its median 1-hour move of 27 pips. Other pairs saw smaller movements relative to their historical medians. AUDUSD was up +1.2 pips, GBPUSD was up +0.9 pips, NZDUSD was up +4.2 pips, USDCAD was up +4.2 pips, and USDCHF was down -9.4 pips.