USD News

A report released by the National Association of Realtors on Thursday showed a much bigger than expected pullback in U.S. existing home sales in the month of November. NAR said existing home sales tumbled by 1.7 percent to an annual rate of 5.35 million in November after jumping by 1.5 percent to a revised 5.44 million in October.

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A report released by the Commerce Department on Monday showed a significant increase in U.S. new home sales in the month of November. The Commerce Department said new home sales jumped by 1.3 percent to an annual rate of 719,000 after plunging by 2.7 percent to a revised rate of 710,000 in October.

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The U.S. police have arrested a 19 year old man for staling over 1 million USD worth of crypto coins, using the so called SIM swap scam technique.

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Christmas passed but EUR/USD is still consolidating sideways, by the looks of it that won't end before 2020 comes along.

With exports rising and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed significantly in the month of November. The report said the trade deficit narrowed to $43.1 billion in November from a revised $46.9 billion in October. The trade deficit shrank to its smallest since hitting $42.0 billion in October 2016.

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Consumer prices in the U.S. increased by slightly less than anticipated in the month of December, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in December after climbing by 0.3 percent in November. Economists had been expecting another 0.3 percent increase.

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In a look back at the final six weeks of 2019, the Federal Reserve's Beige Book said Wednesday that U.S. economic activity generally continued to expand modestly. The Beige Book noted the Dallas and Richmond Districts saw above-average growth, while Philadelphia, St. Louis, and Kansas City reported sub-par growth.

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Patrick McDonnell, CEO of Coin Drop Markets, was sentenced to 33 months in federal prison and also ordered to pay $224,350 in restitution, after pleading guilty to cryptocurrency fraud last year.

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New orders for U.S. manufactured durable goods rebounded by much more than anticipated in the month of December, according to a report released by the Commerce Department on Tuesday. The report said durable goods orders surged up by 2.4 percent in December after tumbling by a revised 3.1 percent in November. Economists had expected durable goods orders to rise by 0.5 percent.

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Pending home sales in the U.S. unexpectedly showed a sharp pullback in the month of December, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index plunged by 4.9 percent in December after jumping by 1.2 percent in November. Economists had expected pending home sales to rise by 0.5 percent.

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