Sasha Singh
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Are you expecting weak New Home Sales Data?

Census Bureau is going to report New Home Sales data for US today at 10:00 AM EST which is a leading indicator of economic health because sale of new home triggers other financing and spending activities. However new home sales are again expected to decline in January because of the bad weather. Latest release from Mortgage Banker Association reported that Mortgage applications decreased 4.1% for the week ending February 14, 2014. Declining mortgage applications can also be considered as evident for the slowdown in US housing industry. Now the point is what will be the reaction of USD to week data.Let's see how USD moves in the market.