USD Pairs Gains from Better than Expected Existing Home Sales Report

CNN reports that Home sales rise on biggest-ever price drop and that the Dollar rebounds, but worries linger. This shows how negative the current sentiment is on the current markets. The Cable dropped slightly on the better than expected existing home sales report, but quickly recovered as shown on the chart below.


This is in-line with yesterday's post on the cable where we expected prices to rally. But since today is a public holiday - Easter Monday - trading volume has been rather low. I expect volatility to return tomorrow when more traders are back in action.