Real estate data in the U.S.
- Building permits in the US, fact 1,311M, forecast 1,310M.
- Housing starts in the US, fact 1,168M, forecast 1,270M.
- Philadelphia (USA) Fed manufacturing activity index, fact 11.9, forecast 21.9.
The report on real estate in the US seemed very optimistic, showing the continued upward trend in the issuance of permits with an acceptable level of construction. The negative factor of the report was data on Fed production activity, which fell sharply to the lowest values for the past two years. As a result, this increased the pressure on the US dollar, which remained under pressure of correction.
Fig. 1. Graph of the Fed production activity
The dollar index remains under pressure of correction after the decline and growth of optimism in the market, but does not hurry to return to the level of 96.50, which is the key support. Thus, the index stays in the lateral range from 96.80 to 96.50-40, which in the end can limit the correctional movement.
Fig. 2. The US dollar index chart. The current price is 96.50 (10-year government bonds yield is a blue line)
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Hanzenko Anton
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