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Wednesday, May 8, 2024

US MBA mortgage applications w.e. 3 May +2.6% vs -2.3% prior

US MBA mortgage applications w.e. 3 May +2.6% vs -2.3% prior

Prior -2.3% Market index 197.1 vs 192.1 prior Purchase index 144.2 vs 141.7 prior Refinance index 477.5 vs 456.9 prior 30-year mortgage rate 7.18% vs 7.29% prior That's a slight bounce back in US mort... 

tranche

How to trade the news

The biggest mistake new traders make when trading the news is to look at only the so-called "high impact" data on the economic calendar. What you see on the economic calendar is generally the schedule... 

Bitcoin price forecast - I have bought some BTCUSD at 62k with target 70k

My bitcoin technical analysis video Bitcoin technical analysis and BTCUSD price forecast: A bullish perspective for upcoming sessions Welcome, crypto investors and traders. Today, I am delving into a... 

US reportedly looks to curb China's access to AI software

The report says that the Biden administration is eyeing a move to safeguard US AI from China, with initial plans to protect the most advanced AI models first and foremost. That will include core softw... 

USDJPY Technical Analysis – The 160.00 handle is now in sight.

The USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushi... 

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Latest Forex Orders

FX option expiries for 8 May 10am New York cut

There aren't any major expiries to take note of for the day. As such, traders will have to get stuck with the push and pull mood after the events from last week. The dollar is steadier as the overall... 

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