EUR/USD today on Forex didn’t stay above 1.30 and went down because of the negative attitude on world capital markets.
The US companies’ account reports didn’t inspire traders, and the extremely poor indexes from Goldman Sachs Group, Inc., whose net income in second quarter dropped by 82%, became the catalysts for the mass closing of the number of market positions.
There was no support from statistics’ side as well. According to the data published today, the number of new buildings’ construction in USA in June dropped to the year’s minimum to 549 thousands houses, which is a 5% of the whole amount. As the revised May data shows, the last spring number was 578 thousands.
However the number of building permits in June grew up by 2,1% to 596 thousands, while analysts expected it to be 0,2% only.
So, the real estate market reflects the authorities’ measures that worked in this sphere before – in particular the tax benefits for the buyers are over, but they have helped to promote sales. The share of the apartment houses on the US market is about a half of the whole buildings.
Economists say that the situation will not significantly change in the next couple months: it will depend on the buyers’ mood, which is correlated with the labour market. It is obvious that the situation around employment is not really good in States right now. The decrease in the number of constructions will lead to the decrease in building materials, interior objects and consumer goods sales.
In general, market has recovered after the April’s euphoria. It seems now that till the mid of the autumn investors will have to keep in mind all the negative factors in their trading strategies.
As for the short-term perspectives of EUR/USD, the technical correction will not do any harm to Euro, so it can get to the new level.
The US companies’ account reports didn’t inspire traders, and the extremely poor indexes from Goldman Sachs Group, Inc., whose net income in second quarter dropped by 82%, became the catalysts for the mass closing of the number of market positions.
There was no support from statistics’ side as well. According to the data published today, the number of new buildings’ construction in USA in June dropped to the year’s minimum to 549 thousands houses, which is a 5% of the whole amount. As the revised May data shows, the last spring number was 578 thousands.
However the number of building permits in June grew up by 2,1% to 596 thousands, while analysts expected it to be 0,2% only.
So, the real estate market reflects the authorities’ measures that worked in this sphere before – in particular the tax benefits for the buyers are over, but they have helped to promote sales. The share of the apartment houses on the US market is about a half of the whole buildings.
Economists say that the situation will not significantly change in the next couple months: it will depend on the buyers’ mood, which is correlated with the labour market. It is obvious that the situation around employment is not really good in States right now. The decrease in the number of constructions will lead to the decrease in building materials, interior objects and consumer goods sales.
In general, market has recovered after the April’s euphoria. It seems now that till the mid of the autumn investors will have to keep in mind all the negative factors in their trading strategies.
As for the short-term perspectives of EUR/USD, the technical correction will not do any harm to Euro, so it can get to the new level.
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