American focus: strong home sales data supported USD [M]

USD seriously has strengthen position against JPY and Euro after issue strong home data in USA has brought to speculations relatively continuation of rate increase by FED. As informed Commerce Department, in April new home sales has jumped up on 4.9% to 1.198 mln. that was an annual maximum. Previous months sales was on level 1.142 mln. Median price has exceeded last year number on 0.9% and was overviewed with increase home cost last month that testifies growth on home market. Traditionally, this sector is one of the moving engine of buyer’s activity and its condition studies by FED attentively relating to percent rate.

Taking into attention the fact that FED representatives has underlined further action of speculation on 17Th increase Federal Funds 25 years диаграмма of rate by FED on next meeting FOMC.

«Home data has dispersed warnings relating to American real estate market in condition of free falling down said Michael Woolfolk, analytic Bank of New York.

«Rate increase is very probable and this fact is positive for USD»

On first half of day USD has some decreased after DGO report issue. In accordance with governmental report DGO in April has dropped on 4.8% Durable goods orders диаграмма that is entered as first drop of that index. Forecast predicted less drop on 0.5%.

Issued economic data about growing interest to stocks of technological companies and increase rating GM rendered the support to equity market in USA. Besides, fall of oil price influenced positively on trade dynamic.