Market Focus

On Monday, April 30, 2018, attention should be paid to the calendar for the United States. The strongest news will be the data on the index of unfinished sales in the real estate market in the US for November. This indicator indicates the number of unfinished housing sales in the US. Those transactions for which a contract has already been signed, but the sale procedure has not yet been completed. When calculating this indicator, sales of new buildings are not taken into account. This indicator is a leading indicator of sales in the secondary housing market.

According to the forecast, the index fell in March by -0.8%, against the February growth of 3.1%. The release of data within the forecast will put pressure on the US dollar, which is why the reduction of it within 30-40 points against competitors is possible.

Alexander Sivtsov