Forex Economic Calendar's forex economic calendar helps you dig deep into all the financial events, without the heartburn of forex analysis paralysis.

Now that you're up-to-date with the economic events that rock the forex market, make sure you also know how to trade them. Count on Pip Diddy’s Daily Forex Fundamentals reports to help you understand what these trends could mean to your favorite currencies! Looking for a pair to trade? Head on over to Big Pippin's blog and check out the setups he spotted on his Daily Chart Art.

New Home Sales close
# Revised Better / Worse Units: k
Impact Actual Forecast Previous Time Date
Med 343.00 335.00 332.00 09:00 5/23


U.S. Bureau of the Census


The New Home Sales reports the monthly change in the number of homes sold but were still waiting for its closing transaction. The data does not include new construction.



Why should I care?

The New Home Sales report is a lagging indicator of mortgage rates. The median sales price section of the report is also usually taken as a measure of currency inflation in housing-sector industries.


The OlsenScale (SMQ)

The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).

Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.

For more information visit
Released: May 23, 2012 9:00
Powered by OlsenScale
"Give me a stock clerk with a goal and I'll give you a man who will make history. Give me a man with no goals and I'll give you a stock clerk."
J.C. Penny
Clicky Web Analytics