‘When is the housing market going to crash?’ is a red-hot search on Google – here’s why
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a “controlled” open house on May 2, 2020 in Revere,...
WTI Futures Push Higher Within a Ranging Market
WTI oil futures have nudged back above the 60.00 mark, overstepping the Ichimoku cloud and the 100-period simple moving average (SMA) on the four-hour chart at 60.03. The commodity’s price action remains confined between the limits of 57.25 and 62.24....
AUD Yawns, Business Conditions Strong
The Australian dollar continues to doze this week. Currently, AUD/USD is currently trading at 0.7626, up 0.04% on the day. Business Conditions hits record high With Australia’s economy close to pre-Covid levels, business conditions and confidence levels remain high. The...
Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price index...
Dollar and Stocks Lower on J&J Vaccine Pause, Euro Rises
Dollar trades mildly lower entering into US session, after US FDA and CDC recommend pause of J&J COVID-19 vaccines on blood clot issue. DOW futures also turn south and point to slightly lower open. Meanwhile, UK Prime Minister Boris Johnson...
US Stocks Fall From Record Highs
US equities tumbled from all-time highs as investors weighed the start of the corporate earnings season and an increase in the total amount of bond offerings that triggered the rally. Intel plunged together with Nvidia Corp., making the Nasdaq 100...
EUR/AUD It’s Time For Sellers To Turn The Tables
The EUR/AUD is making a 1-2-3 hook pattern and we should see a move down. Sellers are here. After a retracement, the pair has come to W H3 camarilla pivot. However, it is not just the W H3, it is...
Alibaba shares close higher after Beijing orders Ant Group to revamp business
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong closed 0.43% higher...
Yen Softens in Quiet, Directionless Markets, Dollar Regains Ground
The forex markets are generally quite and directionless for the time being. After very brief selloff yesterday, Dollar is regaining some ground in Asian session today. Sterling is mildly firmer too, but there is no follow through buying. Yen is...