GBPUSD – Flat
GBPUSD trading plan:
Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives from desperate builders, but the overall housing market remains depressed. New home sales increased 5.8% to a seasonally adjusted annual rate of 640,000 units last month, the Commerce Department said. October’s sales pace was revised lower to 605,000 units from the previously reported 632,000. The National Association of Home Builders reported this week that 62% of builders in December were using incentives to woo buyers, including providing mortgage rate buy-downs, paying points for buyers and offering price reductions.
Investment idea: buy 1.2055 and take profit 1.2120.
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