Mortgage refinance applications hit 18-year low
With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to make a move last week, and there was even less for homeowners looking to save money on...
US business borrowing for equipment rises 6% in October: ELFA
U.S. companies’ borrowing to spend on capital investment rose 6 percent in October from a year earlier, a trade group representing capital equipment lenders said on Tuesday. The companies signed up for $8.9 billion in new loans, leases and lines...
DAX Elliott Wave Analysis Calling Rally To Fail for Extension Lower
DAX has broken below Oct 26 low (11051) and suggests that the Index has resumed the decline lower. We are calling the decline from July 27 high (12886.83) as a triple three Elliott Wave Structure where decline to 11051.04 low...
Dollar Capitalizes On Risk-Off Mood, Euro Eyes Italian Budget Saga
Here are the latest developments in global markets: FOREX:The dollar index is somewhat lower on Wednesday (-0.17%), giving back some of the significant gains it recorded in the previous session as investors sought the safety of the world’s reserve currency....
Currencies: Dollar Regained Benefit Of The Doubt As US Yields Prevent Further Decline
Rates: Key US yield support levels stand their ground Yesterday’s full blown risk off session caused classic safe haven flows into German Bunds, but not in US Treasuries. Key US yield support levels played their role and didn’t budge. US...
Crytocurrency Decline Moves From Bad To Worse
In January this year, all the cryptocurrencies tracked by CoinMarketCap had a market valuation of more than $800 billion. At the time, this valuation was larger than that of companies like Apple, Microsoft, and Amazon. In the months that followed,...
Risk Sentiments Stabilized in Asia, Brexit and Italy Budget Back in Spotlight
While Asian markets initially opened lower following the US, major indices turned positive after lunch. The development lifted Australian and New Zealand Dollar slightly. But Canadian Dollar is treated differently as weighed down by resumption of free fall in oil...
CSR: Asset managers need to rethink governance
Companies with good corporate governance outperformed those without by some 24 basis points a month, according to a study released in November by asset manager Hermes. The research looked at the impact of environmental, social and governance (ESG) factors on...
Wells Fargo’s Scott Wren dismisses risks: ‘You need to be stepping in here and buying some stocks’
Investors are concerned about three key risks but they may be worrying for nothing, strategist Scott Wren told CNBC on Tuesday. The questions of whether there will be a policy mistake by the Federal Reserve, whether global growth is going...
Mohamed El-Erian: US is ‘much more vulnerable’ to a policy mistake by the Fed
There is a greater chance of the Federal Reserve making a mistake these days, noted economist Mohamed El-Erian told CNBC on Tuesday. “There’s no doubt in my mind we are more vulnerable,” to a “policy mistake” by the Federal Reserve...
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