www.bforex.comU.S. Awaits Pending Home Sales Numbers

Even though the Greek debt crisis has penetrated recent reports, poor economic data and fear of a downturn in the U.S. is ...

Even though the Greek debt crisis has penetrated recent reports, poor economic data and fear of a downturn in the U.S. is mainly responsible for investors worry also. This is certainly evidenced via the EUR/USD pair by which investors are unable to decide which of the two currencies is the uglier. The U.S. will release Pending Homes Sales numbers today after a bad SP/CS Composite-20 HPI yesterday - which turned out the housing market continues to be in a state of depression. The Greek government is scheduled to vote on their austerity measures this afternoon and this will be viewed by all as a lynchpin concerning the confidence game which has played out from the E.U. concerning the debt crisis. Gold continues to trade in a consolidated manner and traders should be on the outlook for a breakout. For the time being Crude Oil and other commodity markets are expressing the unsightly effects from a less than positive global economy. The EUR/USD remains the important aim today - with achievable key news events willing to happen this afternoon and traders should understand reports swiftly.