US real estate sales data
- Pending home sales in the US (m / m), fact 0.9%, forecast 0.4%.
The real estate market in the US in June markedly accelerated, thereby confirming the growth of activity in this sector. Also, data may become a positive factor in the real estate market, especially after a two-month slowdown.
Fig. 1. Graph of the pending home sales in the US
The dynamics of the US dollar index remains downward, which is facilitated by the continuation of the correction of positions on the American dollar and the restrainedly negative start of US stock indices. The US dollar index has slightly slowed down the decline on positive real estate data, especially in conditions of oversold and support 94.40, the next strong support is the mark of 94.20.
Fig. 2. The US dollar index chart. The current price is 94.40 (10-year government bonds yield is a blue line)
Read also: “Forex Trading Tactics: Hold the Perron – Wagon Departes”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog: