Market Focus

On Monday, April 23, 2018, attention should be paid to the calendar for the United States. The US will publish data on sales in the secondary housing market in November. This indicator measures the annual level of existing residential buildings that were sold during the past month. The indicator provides an opportunity to analyze the US housing market, as well as an analysis of the costs of the population and the economy as a whole.

According to the forecast, the sales volume in March will decrease to the level of 5.50M, against 5.54M in the previous month, which will put some pressure on the US currency. In case of data release with a more significant deviation, one should expect the US dollar to move within 30-40 points against competitors.

Alexander Sivtsov