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Forex · News · Forex Forecasts

NEWS / Forex Forecasts

USDCHF,USDCAD Today attention of all players will be directed to publication of data of existing home sales in the USA for April.

20:01 05/25/2007

Thus, yesterday data on new home sales in the USA for April reduced the expectations of drop in interest rates in the USA this year even more.
Let's remind that the indicator was not only better than the forecast but its rise compared with the previous value was the highest since the last 14 years.
So the new home sales in the USA for April made 981 thousand at the forecast of 850 thousand. And the previous value was revised from 858 thousand to 844 thousand.

Another important indicator - index of durable goods orders in the USA for April though was a little bit lower than the forecast, however its previous value was revised upwardly.
The value of the indicator made +0.6%, at forecast of  +0.7%. Previous value was revised from +4.3% ?? +5.0%.
The dollar could have been supported by jobless claims in the USA for a week to 19.05, which made 311 thousand, at forecast 315 thousand. And the previous value was revised from ? 293000 ?? 296000.

Let's also notice that today's data over the European economies were varied and could not lead to changes in a situation on market.
The index of consumer expenses in France for April made -0.3%, at forecast +0.3%. And previous value was revised from +0.7%
Index of import prices in Germany for April made +0.9% for a month, +0.5% for a year, at forecast +0.5% for a month, 0.0% for a year and previous value +0.6% for a month, +0.9% for a year.

Today in the focus of attention of all market's players will be data on existing home sales in the USA for April, which release is planned at 14:00 GMT. Let's remind that the forecast of value of the indicator is equal to 6.20 bln. and previous value is 6.12 bln.
Let's notice that value of this release is of great importance for experts because it will be at the next FRS meeting concerning change of rates in the country.
Taking into account importance of today's data we recommend to keep off the market.

Thus, yesterday data on new home sales in the USA for April reduced the expectations of drop in interest rates in the USA this year even more.
Let's remind that the indicator was not only better than the forecast but its rise compared with the previous value was the highest since the last 14 years.
So the new home sales in the USA for April made 981 thousand at the forecast of 850 thousand. And the previous value was revised from 858 thousand to 844 thousand.

Another important indicator - index of durable goods orders in the USA for April though was a little bit lower than the forecast, however its previous value was revised upwardly.
The value of the indicator made +0.6%, at forecast of  +0.7%. Previous value was revised from +4.3% ?? +5.0%.
The dollar could have been supported by jobless claims in the USA for a week to 19.05, which made 311 thousand, at forecast 315 thousand. And the previous value was revised from ? 293000 ?? 296000.

Let's also notice that today's data over the European economies were varied and could not lead to changes in a situation on market.
The index of consumer expenses in France for April made -0.3%, at forecast +0.3%. And previous value was revised from +0.7%
Index of import prices in Germany for April made +0.9% for a month, +0.5% for a year, at forecast +0.5% for a month, 0.0% for a year and previous value +0.6% for a month, +0.9% for a year.

Today in the focus of attention of all market's players will be data on existing home sales in the USA for April, which release is planned at 14:00 GMT. Let's remind that the forecast of value of the indicator is equal to 6.20 bln. and previous value is 6.12 bln.
Let's notice that value of this release is of great importance for experts because it will be at the next FRS meeting concerning change of rates in the country.
Taking into account importance of today's data we recommend to keep off the market.


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USD/CHF1.15601.1562
GBP/USD1.99541.9956
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