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Day: June 22, 2021

Existing home sales in May drop for fourth straight month as affordability squeezes buyers

Sales of existing homes in May dropped for the fourth straight month due to a very low supply of homes on the market. Existing home sales fell 0.9% last month from April to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors. The 5.8 million rate is modestly …

Existing home sales in May drop for fourth straight month as affordability squeezes buyersRead More

Bitcoin is Finished? US Dollar Says Otherwise!

China has been on a rampage trying to crackdown on cryptocurrencies, threatening banks and miners throughout the country. Over this past weekend, China ordered domestic banks and payment platforms to stop provides services linked to trading of virtual currencies.  As a result, Bitcoin has been selling off on fears that future of currency may not …

Bitcoin is Finished? US Dollar Says Otherwise!Read More

May existing home sales drop for a fourth straight month as affordability squeezes buyers out

Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market. Existing home sales fell 0.9% in May from the previous month to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors. That is the fourth straight month …

May existing home sales drop for a fourth straight month as affordability squeezes buyers outRead More

Dollar Awaits Fed Powell, Sterling Bulls Not Giving Up

Trading in the forex markets is rather subdued today, as in other financial markets. Dollar continues to consolidate recent rise while European stocks and US futures are treading water. Focus turns to Fed Chair Jerome Powell’s testimony for fresh inspirations. . Sterling bulls hesitated in early part of European session, but quickly regained grounds. The …

Dollar Awaits Fed Powell, Sterling Bulls Not Giving UpRead More