Existing Home Sale: The name speaks for itself – this report provides a measure of the level of sales of existing home sales. The report is considered a decent indicator of activity in the housing sector. Housing starts preceding this report each month but starts are a supply rather than demand-side indicator. Existing home sales precede the other key demand-side indicator of housing – new home sales – thus boosting the visibility of this report. Sales are highly dependent on mortgage rates and will tend to react with a few months lag to changes in rates. Sales are also determined by the level of pent-up demand for housing – immediately after a recession; sales are typically quite strong due to the demand which accumulated through the recession.
If it is more than expected it is positive for the concerned economy hence affects the base metals prices favourably and the vice versa.
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I’m a Trader with 17 years of experience in the most of Financial Markets ( Equities, Commodities , Forex). I have worked on integrated campaigns for major clients such as Al Horria brokerage, Venus International and Admiral Markets.
Until recently, I Trade in Only the International Markets industry. In this role I was focused on Trading and Portfolio Managing .Successes included creating a social expert to mange the accounts of my clients automatically decisions.
Colleagues know me as a highly creative Trader who can always be trusted to come up with a new techniques . But I know that the client’s business comes first, and I never try to impose my ideas on others. Instead, I spend a lot of time understanding and collecting data about the several markets I can work well alone, but I’m at my best collaborating with others.
I have a PhD from AIN SHAMS University and a Cfte1 from the International Federation of Technical Analysts IFTA.
