Mortgage applications drop to 4-year low as interest rates hit 8-year high
Rising interest rates are now clearly taking their toll on potential homebuyers. Total mortgage application volume fell 4 percent last week from a week earlier and plunged 16 percent from a year ago, according to the Mortgage Bankers Association’s seasonally...
Telecom gear provider CommScope is near a deal to acquire Arris for about $5.6 billion
Telecoms infrastructure company CommScope is nearing a deal to buy complementary telecom gear provider Arris for more than $31 a share, according to people familiar with the matter. A deal would give CommScope more scale with a more diversified product...
RBNZ Set to Keep Rates Unchanged But Could it Trim Rate Cut Bets?
Following the RBA, the Reserve Bank of New Zealand (RBNZ) will be next to decide on monetary policy this week. As their Australian counterparts, RBNZ policymakers are widely expected to leave interest rates unchanged on Wednesday at 1900 GMT under...
Elliott Wave Analysis: German DAX Trading at Resistance
German DAX is still unfolding a wave 4) correction which can be looking for resistance and a reversal around the 11700 area; that’s just above 38.2% Fib. level and close to a trendline connected from 12465 level. Also, recovery is...
Gold Under Pressure as All Eyes on US Voters
Gold has posted slight losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1227.67, down 0.34% on the day. On the release front, JOLTS Jobs Openings slipped to 7.01 million, well...
Your first trade for Tuesday, November 6
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Halliburton Karen Finerman was a buyer of UPS Brian Kelly was a seller of Lockheed Martin Guy Adami was a buyer of...
There are more than 7 million job openings, near a record high and way more than people unemployed
The level of job openings in the U.S. edged lower in September but was still well ahead of the total number of people looking for work, the Labor Department said Tuesday. Vacancies edged lower to just over 7 million, according...
EURUSD Posts Double Bottom Formation at 1.1300
EURUSD re-challenged the 14-month low of the 1.1300 strong psychological level in the previous week, creating a double bottom formation. The price rebounded on it, heading north towards the 50.0% Fibonacci retracement level of the upleg from 1.0340 to 1.2550,...
Sterling Rally Continues Even Though UK PM May Achieved Nothing on Brexit at the Cabinet Meeting
Sterling remains rather resilient despite more Brexit negative news today. There seems to be no progress on negotiation at all and there is little hope for a November EU summit. Nonetheless, the Pound defies gravity and is trading as the...
Pound Intends to Rise
On Tuesday, November 6th, the British Pound remains strong against the USD. The key driver for the British currency is still the same as before – the Brexit negotiations. Nevertheless, the statistics matter as well, that’s why any progress in...
Signal2forex.com - Best Forex robots and signals




