Technical Analysis
US October existing home sales 4.43m vs 4.38m expected
<ul><li>Prior was 4.71m</li><li>Sales m/m -4.3% vs -1.5% m/m prior</li><li>Prices up 6.6% y/y</li></ul><p>Existing home sales is a lower-tier, lagged data point but it exemplifies the slowdown. Until rates turn, this won't pick up.</p>
This article was written by Adam Button at forexlive.com.