Market Focus

On Wednesday, December 20, 2017, attention should be paid to 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 the costs of the population and the economy as a whole.

According to the forecast, the sales volume in November will fall to the level of 5.41M, against 5.48M 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 its competitors.

Alexander Sivtsov