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Wednesday, July 3, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 28 June -2.6% vs +0.8% prior

US MBA mortgage applications w.e. 28 June -2.6% vs +0.8% prior

Prior +0.8% Market index 206.5 vs 212.0 prior Purchase index 142.9 vs 147.8 prior Refinance index 544.1 vs 552.4 prior 30-year mortgage rate 7.03% vs 6.93% prior... 

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GBPUSD Technical Analysis – The tide seems to be turning

Fundamental Overview The USD has been overall rangebound in the last couple of weeks. The last week's strength might have been influenced more by quarter-end flows rather than something fundamental as... 

Will a correction in the Magnificent Seven end the bull market?

Another strong month for technology majors propelled US stock indices to all-time highs . The outlook remains positive, supported by inflation approaching the 2% target. Specifically, in May 2024, the... 

Top 5 Financial Centers in Southeast Asia

Southeast Asia is popularly known for its rapidly developing economies. This region can host big financial hubs that play crucial roles in the world's finance system. These financial centers facilitat... 

Copper Technical Analysis - The bearish momentum has waned

Fundamental Overview Copper has bounced on a key support recently and extended the gains this week following the Chinese Caixin Manufacturing PMI as the survey hit the highest level since May 2021. In... 

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Latest Forex Orders

FX option expiries for 3 July 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first ones are for EUR/USD and they are layered between 1.0700 through to 1.0800, with another large one sandwiching that at... 

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