Mortgage refinances rebound as rates drop temporarily to lowest level in a month
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency...
Markets Await Fed, Canadian Dollar Shrugs Strong CPI
Dollar softens quite notably in early US session as markets await FOMC rate decision. Though, Swiss Franc and Euro appear to be slightly weaker. On the other hand, Kiwi and Aussie are strengthening mildly but Canadian Dollar shrugs off stronger...
USD/JPY Pair Started a Steady Increase from 109.40 Support
The US Dollar started a steady increase from the 109.40 support zone against the Japanese Yen. The USD/JPY pair even climbed above the 109.80 level to move into a positive zone. The pair is now trading above 110.00 and the...
FedEx Completes Wave 4 Pullback At 38.2% Fibonacci
FedEx Corporation (FDX) has made a bullish bounce. But the rebound was even stronger than expected because price action broke above the top. The main targets are located at the -27.2% Fibonacci level at $340 and the -61.8% Fibonacci level...
Core Bonds Trade Sideways
Markets Focus was on the US yesterday, with a series of key gauges being released. May retail sales disappointed (though following an upwardly revised April) while (core) factory gate inflation accelerated to a series high (6.6% y/y headline, 5.3% core)....
Former Barclays CEO’s fintech venture raises $187 million with backing from BlackRock and JPMorgan
Antony Jenkins, founder of 10x Future Technologies and former CEO of Barclays. Chris Ratcliffe | Bloomberg | Getty Images LONDON — The financial technology venture of former Barclays CEO Antony Jenkins has raised £132.5 million ($186.6 million) from investors in...
Dollar Awaits Fed’s Dots for More Rally
Dollar is maintaining much of this week’s gains as focus now turns to FOMC statement and economic projections. There is prospect of further rally for the greenback should some policymakers pull ahead their rate hike expectations. But the overall reactions...
Elliott Wave View: EURUSD Looking For Support
Short Term Elliott Wave view in EURUSD suggests the decline from May 25 peak is unfolding as a double three Elliott Wave structure. Down from May 25 peak, wave W ended at 1.2102 and bounce in wave X ended at...
Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record
Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. The 6.6% surge was the biggest 12-month rise in the final demand...
Euro Continues to Drift ahead of FOMC
The euro is almost unchanged in the Thursday session. In North American trade, EUR/USD is trading at 1.2166, up 0.05% on the day. After a sharp drop on Friday, the pair has been directionless. All eyes on FOMC What can...
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