The US Dollar kept strengthening against the Japanese Yen on the US property market data and current account report. The USD/JPY currency pair rose modestly to the 112.76, targeting the weekly high at around 113.20.
The US single-family housing starts and building permits increased to the ten-year highs in November, providing a hopeful sign for the real estate market that was hindered by supply constraints. The Commerce Department stated that in overall building permits were at a 1.298M unit rate in November, being put slightly down by a weaker permits for multi-family houses' construction. However, an increase in groundbreaking singe-family homes could contribute to GDP in the Q4.
Historical Data Table: US Building Permits | Economic Calendar for 20.12.2017 | ||||||||
Date | 16.08.2017 | 19.09.2017 | 18.10.2017 | 17.11.2017 | 19.12.2017 | 1:15 PM | BoE Governor Carney Speech | ||
Actual | 1.22M | 1.30M | 1.22M | 1.30M | 1.30M | 3:00 PM | US Excisting Home Sales | ||
Forecast | 1.25M | 1.22M | 1.25M | 1.25M | 1.27M | 9:45 PM | NZ GDP q/q | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.76714 | 0.76688 | -0.03% | AUD/USD | 59.21% | 40.79% | |||
EUR/USD | 1.18223 | 1.18231 | 0.01% | EUR/USD | 45.19% | 54.81% | |||
USD/JPY | 112.742 | 112.763 | 0.02% | USD/JPY | 39.62% | 60.38% | |||
NZD/USD | 0.70072 | 0.70054 | -0.03% | NZD/USD | 50.11% | 49.89% |