Construction data in the USA

• Building permits (m / m) (September), fact -0.6%, forecast 2.1%.
• Building permits (September), fact 1,241M, forecast 1,278M.
• Housing starts (September), fact 1,201M, forecast 1,220M.
• Housing starts (m / m) (September), fact -5.3%, forecast -4.5%.

The housing report in the US in September was very negative, despite weak expectations. The main negative factor in the report was the number of building permits issued, which remains near the annual lows.

Fig. 1.  The US Building permits chart

As a result, this pessimistic report may cause a decrease in the US dollar against a basket of major competitors after increase from the start of the day. Separately, it is worth noting the rapid decline in the US state bonds yield, which accelerated the decline on this news. In this case, the significant support will be on the level of 95.30. Return below this level will open the way to 95.00.

Fig. 2. The US dollar index chart. The current price is 95.40 (10-year government bonds yield is the blue line)

Read also: “The main terminology of crypto currency”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Prospects for recovery of emerging markets.
2. Trump presidency results (1/2).
3. Trump presidency results (1/1).

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!