Market Focus

On Tuesday, December 19, 2017, attention should be paid to the US economic calendar, namely the number of issued permits for construction and the volume of construction of new houses. The first indicator is very sensitive to changes in major interest rates and is subject to seasonal fluctuations. The second indicator is one of the main indicators of the health of the country’s economy. The data on construction show the growth of the country’s welfare and the economy as a whole.

The forecast for the number of issued construction permits is 1.25M, which is lower than the previous figure at 1.297M. The volume of construction of new houses is forecasted at the level of 1,201M, which is lower than the previous index at the level of 1,290M. If the data is released within the forecast and above, the US dollar will be under some pressure. If the value deviates by about 10%, one should expect the American to move within 30-40 points against competitors.

Alexander Sivtsov