![|](https://esterholdings.com/wp-content/uploads/pref_66141-730x479.jpg)
Data for USA and Canada
USA:
- Building permits (June), fact 1,220M, forecast 1,300M.
- Building permits (m/m) (June), fact -6.1%, forecast 0.1%.
- Housing starts (m/m) (June), fact -0.9%, previous value -0.4%.
- Housing starts (June), fact 1,253M, forecast 1,261M.
Canada:
- Core Consumer Price Index (CPI) (y/y) (June), fact 2.0%, forecast 2.6%.
- Core Consumer Price Index (CPI) (m/m) (June), fact 0.0%, previous value 0.4%.
- Consumer Price Index (CPI) (m/m) (June), fact -0.2%, forecast -0.3%.
- Sales in the manufacturing sector (m/m) (May), fact 1.6%, forecast 1.6%.
Data on construction in the United States showed a slowdown in the real estate market in June, after a restrained movement. This is regarded as a very negative signal for the American real estate market, but it remains near the highs.
Fig. 1. Housing starts in the US
Data on inflation in Canada turned out to be multidirectional, but the slowdown in consumer inflation on an annualized basis is a significant negative factor putting pressure on the Canadian dollar.
Fig. 2. Core consumer price index (CPI) (y) in Canada
The USD/CAD on the published data accelerated growth, but is limited to the downward dynamics and resistance levels: 1.3080 and 1.3100.
Fig. 3. USD/CAD chart. Current price – 1.3070
Read also: “Decline in the cryptocurrency market. Collapse or Transformation”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- The trade war. Relations between Japan and South Korea
- The Japanese yen: expectations and prospects.
- US and China return to the negotiation table
Current Investment ideas: