Forex encyclopedia

Sales of existing homes is the indicator helping to trace the number of sold houses per year on the existing home market. Also it can assist in forecasting about current confidence of buyers (consumer optimism) and their sentiment to buy precious assets. Index value is subject to great season fluctuations characterizing real estate market. Increase in volume of construction is closely related with the growth of income of population and is favorable towards economic growth. The data on the amount of sol houses is published on the fourth week of every month at 10:00 EST (New York). Market respond to this index is weak. Index growth is a positive factor for consolidation of national currency.

This consumer sentiment index represents results of survey of consumers, which is conducted by Michigan University. Questions touch upon confidence of citizens in economic conditions and prospects for the nearest future. Obtained figure throws light on respondents' sentiment and their intentions regarding spending money. Index is published twice a month. The fist one is the advance report announced in the end of the second week, usually on Friday. In two weeks final report is published. Publication time is 10:00 a.m EST (New York). Market respond to published data is minor. Index growth is favorable towards consolidation of national currency.