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US: All eyes on existing home sales - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at BBH, suggests that the US reports March existing home sales and they are expected to have bounced by almost 4% after the 7.1% slide in February.

    Key Quotes

    “The report typically is not a market mover. The S&P 500 reached the longstanding technical objective of 2100 yesterday, which is the measuring target of the double (or “W”) bottom formed in January and February. US shares are trading lower in Europe, and the S&P 500 is called about 0.25% lower. Initial support is seen near 2085.”
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