U.S. real estate data

• Sales in the secondary housing market (Feb), fact 5.51M, forecast 5.10M.
• Sales in the secondary housing market (m/m) (Feb), fact 11.8%, forecast 2.2%.

Sales in the secondary real estate market in the United States unexpectedly rose in February, reaching an annual maximum and regaining optimism in the US real estate market.

Fig. U.S. existing home sales

As a result, the US currency received a restrained support. Previously, very weak data on business activity in the manufacturing sector (PMI) of the USA was published, which turned out to be very weak and increased the pressure on the dollar.

Against the background of multidirectional statistics for the US, the US dollar index is trading in lateral dynamics near the weekly highs, limited by the resistance level of 96.90-80.

Fig. 2 The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)

Read also: “Moving Averange as an indicator for determining the strength of the trend”

Hanzenko Anton

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