U.S. data

• Consumer Confidence Index CB (June), fact 121.5, forecast 131.1.
• New home sales (m/m) (May), fact -7.8%, forecast 1.9%.
• New home sales (May), fact 626K, forecast 680K.

Data on consumer confidence and new homes sales have slowedin the US, heightening concerns about the US dollar, which is already under the pressure. In addition to the slowdown in the primary real estate market in the United States, significant concerns are caused by data on consumer confidence, which have fallen to minimum annual values. This they confirmed the recession of the US economy, exacerbating the risks.

Fig. 1. Chart of Consumer Confidence Index CB USA

Given the restrained dynamics of the US dollar and the market as a whole, weak US statistics will return American dollar’s sellers and cause a resumption of the US dollar index decline against a basket of competitors. The overall oversoldness of the American dollar will limit the possibility of reducing support levels: 95.80 and 95.60.

Fig. 2. The US dollar index chart. The current price is 96.00 (10-year US government bonds  yield is the blue line)

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Hanzenko Anton

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