New home sales drop 6.9% in January, in sign govt shutdown may have hurt buying
Sales of new U.S. homes slumped 6.9 percent in January, a possible sign that buyers paused during the government shutdown. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 607,000 in January, down from...
Sterling Mixed as UK Will Decide on Brexit Delay, Aussie Dragged Down by China
Sterling turns mixed as markets await yet another vote about Brexit in the Commons today. MPs is now given a chance to vote for delaying Brexit beyond March 29. The question is whether it would be a short delay with...
WTI Oil Consolidates Under New 2019 High
WTI oil hit new 2019 high at $58.65 on Thursday (the highest since 13 Nov 2018), in extension of strong bullish acceleration on Wednesday that resulted in eventual break and close above previous highs at $57.79/85. Oil price was boosted...
US import prices rose more than expected in February as fuel prices surge
Import prices rose 0.6 percent in February, boosted by increases in the costs of fuels and consumer goods, the Labor Department said on Thursday. That was the biggest gain since May and followed an upwardly revised 0.1 percent rise in...
USDJPY Bulls Targeting 112.00
The US dollar has continued to advance higher against the Japanese yen currency during the European trading, with the pair moving closer to key resistance. Traders should expect the USDJPY pair to target the 112.00 level while price holds above...
SPX Elliott Wave: Calling The Rally From Blue Box
SPX pulled back in 3 waves last week and put in a strong rally which has already resulted in new highs. In this blog, we are going to take a look at structure of this 3 wave pull back and...
House Of Commons Set To Vote On Deadline Extension Today
Market movers today After the UK parliament in yesterday’s vote also rejected leaving the EU without a deal, the third and final vote today will show whether the House of Commons can instead converge to agree on asking for an...
China Industrial Production Misses Ests, Jobless Rate Rises: GBP Declines Ahead Of Yet Another Parliament Vote
All information provided by Trade The News (a product of Trade The News, Inc. “referred to as TTN hereafter”) is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or...
Sterling Spiked Higher as No-Deal Brexit Ruled Out, Aussie Weighed Down By Chinese Data
Sterling spiked higher overnight after UK Commons voted to reject no-deal Brexit. But there was no follow through buying as the Pound settles back into familiar range quickly. It’s indeed the weakest one for today so far, paring some of...
Market Morning Briefing: Dollar-Index Has Immediate Support At 96.25
STOCKS Indian indices continue to trade strong and outperform the global equities. The Sensex and the Nifty 50 remains bullish and can move further higher. Dow is testing a key resistance and DAX can remain sideways with a bullish bias....
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