US New Home Sales report will be released today:

It's a leading indicator of economic health. On the previous release on May 26, 2010 the New Home Sales report rose up to 504K and today's forecast is 424K which could be indicating that this time the report may not be as positive as it was before and it could affect the US dollar in a negative direction. The report will be released today at 2:00 p.m. GMT.