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Wednesday, July 17, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 12 July +3.9% vs -0.2% prior

US MBA mortgage applications w.e. 12 July +3.9% vs -0.2% prior

Prior -0.2% Market index 214.1 vs 206.1 prior Purchase index 140.4 vs 144.3 prior Refinance index 613.0 vs 532.3 prior 30-year mortgage rate 6.87% vs 7.00% prior The jump in mortgage applications in t... 

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USDCAD Technical Analysis – The Canadian CPI sealed the rate cut

Fundamental Overview The USD remains on the backfoot as the US data continues to point to resilient growth with falling inflation. Yesterday, we got a good US Retail Sales report suggesting that the s... 

easyMarkets Concludes the BernabΓ©u Crossbar Championship with Grand Celebrations

bw + bsl && x + aw - ah / 2 - cw >= bsl ) { c.style.left = x + aw - ah / 2 - cw; } else { c.style.left = x + ah / 2; } if (y + ch + ah / 2 > bh + bst && y + ah / 2 - ch >= bst ) {... 

S&P 500 Technical Analysis – Rotation continues to weigh on the market

Fundamental Overview The upward momentum in the S&P 500 has been kept at bay recently as the goldilocks data triggered a strong rotation into small caps stocks with the Russell 2000 having its bes... 

Fed's Williams says rate cut could be warranted in the coming months

Latest data getting us closer to a disinflationary trend that we're looking for But would like to see more data to gain further confidence inflation is moving sustainably to 2% goal Last week's data r... 

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Latest Forex Orders

FX option expiries for 17 July 10am New York cut

There is just one to take note of, as highlighted in bold . That being for USD/JPY at the 158.50 level. It isn't one that holds any technical significance but could help to keep price action more cont... 

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