US Existing Home Sales expected to rise moderately in January – Danske Bank

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FXstreet.com (Barcelona) - US Existing Home Sales data for January will be released on Wednesday at 15:00 GMT. The Danske Bank team of analysts expect only a slight increase in the indicator, despite the gradual growth registered in the last three months.

The experts stress that the advance is not yet sustained: "We have seen some improvement over the past few months, after the figure reached a historical low in the summer of 2007. However, we only expect to see a moderate gain of 1.0% in January, indicating that there is still a long way to go to get back to normal levels."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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