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Day: August 18, 2021

Mortgage rates hit their highest level in a month, and weekly demand drops

Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) …

Mortgage rates hit their highest level in a month, and weekly demand dropsRead More

Dollar Digests Gains, Canadian Dollar Recovers Mildly after CPI

Canadian Dollar rises mildly in early US session after stronger than expected consumer inflation reading. But strength of the Loonie is related limited. It remains one of the worst performing for the week, just next to Australian and New Zealand Dollar. Aussie continues to be weighed down by lockdowns while Kiwi is soft after RBNZ …

Dollar Digests Gains, Canadian Dollar Recovers Mildly after CPIRead More

Stocks making the biggest moves premarket: Lowe’s, Target, Krispy Kreme and others

Check out the companies making headlines before the bell: Lowe’s (LOW ) – The home improvement retailer reported an adjusted quarterly profit of $4.25 per share, beating the consensus estimate of $4.01. Revenue beat forecasts, and the same-store sales decline of 1.6% was less than the 2.2% decline predicted by analysts. Lowe’s also raised its …

Stocks making the biggest moves premarket: Lowe’s, Target, Krispy Kreme and othersRead More

EURJPY Testing Critical Support, Neutral Outlook Under Threat

EURJPY is testing its March low of 128.28, slipping just below it on Tuesday and earlier today. The pair has now retraced the entire upleg between March and June, and although the long-term uptrend that’s been in progress since May 2020 remains intact, the recently turned neutral picture in the medium term is at risk …

EURJPY Testing Critical Support, Neutral Outlook Under ThreatRead More