Spike in lumber and land prices causes homebuilder confidence to fall from epic high
A contractor moves roofing material on a home under construction at the Toll Brothers Cantera at Gale Ranch housing development in San Ramon, Calif. David Paul Morris | Bloomberg | Getty Images Just two months ago, homebuilders had never been...
USD/CAD Technical Outlook: Is it Time for a Long-Term Change in Tend?
As with any currency pair, there are an abundance of factors to consider when trying to forecast price. Those factors can be broken down into technical factors and fundamental factors. On the technical side, price action is paramount. However, for USD/CAD,...
Pound Hits 32-Month High
The British pound has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.3619, up 0.25% on the day. Pound breaks 1.37 level The British pound has posted modest gains this week, but the currency did reach...
Global green asset manager makes first U.S. investment, expects more interest amid Biden presidency
pedrosala | iStock | Getty Images President-elect Joe Biden’s ascension to the presidency will encourage more renewable energy projects in the U.S. International investors are taking note. Greencoat Capital, a global renewables investment manager with $8 billion in assets under...
Canadian Inflation Edges Lower in December to Just 0.7%
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
Euro Down Again as Recovery Lost Momentum, Commodity Currencies Jump
Euro weakens notably today as recovery momentum diminished quickly. Dollar is not gaining much, though, as commodity currencies trade broadly higher with new wave of buying. Australian Dollar is once again leading others. Canadian Dollar shrugs off weaker than expected...
Weekly mortgage refinance demand drops 5% after rates hit highest level since November
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Record-low mortgage rates may now be a headline of the past. Now, several weeks...
EUR/USD Could Trade Downwards
On Tuesday, the EUR/USD currency pair broke the falling wedge pattern. Also, the pair has revealed a medium-term descending channel. From a theoretical point of view, it is likely that the exchange rate could trade downwards within the predetermined channel...
EURUSD 1.2150 Now Key
The euro currency continues to correct higher against the US dollar, as traders react to Italian Prime Minister Conte winning a vote of confidence in the Italian parliament. Continued gains above the 1.2150 level could see the EURUSD pair testing...
Canadian Dollar in Spotlight, With Eyes on BoC and Oil Price
Canadian Dollar is a main focus today with BoC rate decision featured. Recent strong risk-on markets haven’t given the Loonie much lift. It’s upside is somewhat capped as oil price turned into consolidation after last week’s spike. Also, traders turned...