Yesterday, Existing home sales decline from previous even has been predicted to decline (from 4,91M to 4.89M), but traders still have USD buying sentiment because of Ambac package rescue. After the announcement, EUR up more than 1.4850 as my prediction for mid term tren (bullish). One of the main problem is from the rising tide of mortgage foreclosures, which is pushing even more unsold homes back on the already glutted market. Existing home sales decline by 12.7 percent in 2007. Combining with USA Economic Recession and probably FED will cut rates, trader should be close to the next America news.
