Growth of sales of new buildings in the United States supports the dollar

The U.S. Commerce Department released data on the sale of new buildings in the U.S. in April 2013. So, sales rose by 2.3% compared to the previous month and equaled 454 thousand homes on an annualized basis.

According to the revised data in March sales totaled 444 thousand homes, not 417 thousand, as previously reported.

At the same time, experts predicted sales growth of 1.9% to 425 thousand units.

According to experts, to such growth of sales promote both and low mortgage rates and the improvement in the labor market.

The average price of homes in April rose by 14.9% in terms of the year - up to a record level of 271.6 thousand dollars.

The dollar, meanwhile, has formed a rising wave 5 / A of wave level H4/H8 - explain experts at the learning-online Department of Masterforex-V Academy. If 84.59 high is broken, the powerful growth of dollar as a continuation pattern the further movement of "Hound of the Baskervilles by Elder / MF" is expected. Important Support remains sloping channel and MF pivot 83.55.