Mortgage rates fall to a four-week low, but homebuyers still pull back due to record low listings
The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Even a small drop in interest rates couldn’t bring more buyers in, although it did boost refinance demand slightly. As a result,...
US Consumer Confidence Rises, Inflation Fears Fall, USD/JPY Poised to Break Out
While many traders are logging off for the year to celebrate the holidays, there are still some notable economic data releases trickling out ahead of the long weekend. Ahead of tomorrow’s US durable goods and core PCE reports, we also...
FX Year Ahead 2022: Brace for Volatility
It has been an exceptional year for the US dollar, which defied all the doom and gloom predictions to gain more than 10% against the Japanese yen. The resurgence of inflation has turned the tables with many central banks hitting...
November home sales rose due to hot job market and concerns over rising rates next year
HOUSTON, TEXAS – AUGUST 12: A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices have climbed during the pandemic as low interest rates and working from home has become more abundant. Home prices around...
Sterling Surges, Loonie Dives in Quiet Markets
Sterling and Euro are trading broadly higher today, together with Aussie. On the other hand, Yen and Dollar are both under some selling pressure. Rebound in Europe yield is a factor in driving the markets. We’ll see if there is...
Gold Eases Below 1,800 and Short-Term SMAs
Gold could not find enough buyers to overcome the 1,800 level during the previous sessions, with the spotlight shifting again towards the 1,784 support zone and the Ichimoku cloud. The RSI and the MACD continue to flatten, while the former has also slipped back below...
GOLD Respects Moving Averages
The price for gold passed the support of the 100-hour simple moving average near 1,790.00 on Tuesday afternoon. However, the price almost immediately found support in the 200-hour simple moving average, which kept the rate up until the middle of...
From a bitcoin crash to regulatory crackdowns: Analysts give their top predictions for crypto in 2022
Vertigo3d | iStock | Getty Images Crypto crash Some experts believe bitcoin is due for a sharp decline in the coming months. Bitcoin surged to a record high of almost $69,000 in November. It’s now sitting below $50,000, down almost...
GBP/JPY Reaches 151.50 Mark
The GBP/JPY has once by one passed technical resistance levels and reached the 151.50 mark. In general, each technical resistance level managed to hold no longer than two hours before being passed. On Wednesday morning, the 151.50 level provided resistance...
Bulls Are Back Amid Thinning Volumes And Fragile Appetite
The European and the US markets rebounded yesterday, as investors shrugged off the worries of omicron, while of course, the news flow is far from ideal. New restriction measures are announced every other day and the impact on the economic...