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Day: November 19, 2020

October existing home sales see ‘spectacular’ 26.6% annual gain even with short supply and surging prices

Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence Yun, called the annual increase “a spectacular gain.” The annualized sales rate is the highest …

October existing home sales see ‘spectacular’ 26.6% annual gain even with short supply and surging pricesRead More

John Malone says platforms like Apple, Amazon and Roku will dominate streaming

John Malone chairman of Liberty Media Michael Kovac | Getty Images | Vanity Fair) Liberty Media Chairman John Malone told CNBC that Amazon, Apple or Roku could dominate in the crowded streaming space given their ability to scale globally. “I think these global platforms will be enormously powerful,” Malone said in an interview that aired Thursday with …

John Malone says platforms like Apple, Amazon and Roku will dominate streamingRead More

Jobless claims filings pick up amid continued struggles for labor market

The pace of workers filing for unemployment claims picked up last week and was a bit higher than Wall Street had been expecting. Jobless claims totaled 742,000 for the week, the Labor Department reported Thursday, ahead of the 710,000 estimate from economists surveyed by Dow Jones. That total also represented an acceleration from the previous …

Jobless claims filings pick up amid continued struggles for labor marketRead More

EURAUD Challenges 23.6% Fibo Near 1.6300

EURAUD is testing again the strong resistance around the 23.6% Fibonacci retracement level of the down leg from 1.6825 to 1.6143 at 1.6305, remaining at the same time inside the Ichimoku cloud. The MACD oscillator is flattening near the zero level, while the RSI, although above its 50 neutral mark, is currently pointing down. Immediate resistance could come from the …

EURAUD Challenges 23.6% Fibo Near 1.6300Read More

Dollar Still in Recovery Despite Rise in Initial Jobless Claims

Dollar rises mildly today despite the first rise in initial jobless claims in five weeks. Euro and Swiss Fran are following closely. Global markets are still engaging in consolidative trading, with mild weakness in European equities and US futures. Australian Dollar is leading New Zealand Dollar lower. Still, there is no clear development in the …

Dollar Still in Recovery Despite Rise in Initial Jobless ClaimsRead More

Dollar Recovers in Consolidative Markets, Coronavirus Cases and Restrictions Weigh on Sentiments

Consolidative trading continue as Dollar rises in general in Asian session together, followed by Swiss Franc. On the the other hand, Sterling is reversing some of this week’s gains together with Aussie and Kiwi. News on coronavirus vaccines are unable to give investor sentiments further lift. Instead, concerns are growing on more new cases and …

Dollar Recovers in Consolidative Markets, Coronavirus Cases and Restrictions Weigh on SentimentsRead More

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