Sales of new U.S. homes surged to a six-month high | 27 اكتوبر 2021

USDJPY trading plan:

Sales of new U.S. single-family homes surged to a six-month high in September. New home sales jumped 14.0% to a seasonally adjusted annual rate of 800,000 units last month. Demand for housing surged early in the COVID-19 pandemic amid an exodus from cities to suburbs and other low-density locations as Americans sought more spacious accommodations for home offices and online schooling. The buying frenzy has abated as workers return to offices and schools reopened for in-person learning, thanks to COVID-19 vaccinations. The median new house price accelerated 18.7% in September to $408,800 from a year ago.

Investment idea: buy 113.90 and take profit 114.50.