Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates
Buying a home is generally a person’s single largest investment, and it is therefore an incredibly emotional decision. That may be part of why potential buyers pulled back last week, worried about rising interest rates and about what was behind...
Italy’s populist government defies the EU, sticking to its 2019 budget targets
Italy’s populist government said it would stick with its high-spending budget plan, in a rejection of calls by the European Union to revise its fiscal targets. Rome clung onto its contested budget deficit figure of 2.4 percent of gross domestic...
China’s Coming Recession Has Pushed Oil Below $60
Most market participants are having a hard time explaining why the price of crude oil CLZ8, -0.48% dropped like a rock during a time when the United States began to enforce sanctions on Iranian exports on Nov. 4 — sanctions...
Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections
Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local...
EUR/USD Starts Rebound. USD/JPY Remains In Uptrend
EUR/USD found support near 1.1215 and started a short term correction. USD/JPY remains in an uptrend above the 113.70 support and resistance awaits near 114.10. Important Takeaways for EUR/USD and USD/JPY The Euro declined heavily below 1.1300 until buyers appeared...
Elliott Wave View: Nifty Looking To Resume Rally
Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended Primary wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either...
Sterling Firm, But Uncommitted, as Markets Await UK Cabinet Meeting on Brexit Agreement
Sterling is trading generally firm today as the EU and UK finally agreed on the withdrawal agreement. It will now have to go through Prime Minister Theresa May’s Cabinet today. That shouldn’t be too much a problem despite some open...
Stocks making the biggest moves after hours: Blue Apron, Tilray and more
Check out the companies making headlines after the bell: Blue Apron shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability, including a 4...
Market hasn’t recovered from October shock, won’t rally until signs of a bottom: Art Cashin
The seasonal rally that many are expecting may be delayed as the market tries to find a bottom, closely followed trader Art Cashin told CNBC on Tuesday. While November historically tends to be a strong month for stocks, Cashin said...
FX: The rise of quality execution analysis
NOTE: if you do not have time to search for strategies and study all the tools of the trade, you do not have the extra funds for testing and errors, tired of taking risks and incurring losses – trade with the...
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