Property data in the USA

Real estate statistics in the US significantly exceeded the market expectations and showed a noticeable growth in construction in November. The increase in the number of building permits is 1.298M, which is slightly weaker with the previous month, but still remains very high. Also,  the US currency slowed the negative dynamics based on the publication of data on real estate in the US, but significant movements from very positive data should not be expected due to the fact that this report was taken into account in the report of the Federal Reserve and the real estate market in the US does not cause concern.

Positive data on real estate can serve as a reason for the recovery of the American, which remains under pressure from the beginning of the day.

On the other hand, the US dollar index  remains under pressure, limited by an uptrend and the expectation of voting on a tax bill in the US, which is expected to take place today. Positive data on the promotion of tax reform in the US will push the American index to growth and resistance levels of 93.700-800. Otherwise, one should expect a further decline in the dollar against the basket of major competitors with a support test of 93.200-000.

Graph of the US dollar index. The current price is 93.450.

Hanzenko Anton