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Wednesday, August 21, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 16 August -10.1% vs +16.8% prior

US MBA mortgage applications w.e. 16 August -10.1% vs +16.8% prior

Prior +16.8% Market index 225.8 vs 251.3 prior Purchase index 130.6 vs 137.7 prior Refinance index 754.4 vs 889.3 prior 30-year mortgage rate 6.50% vs 6.54% prior After the surge in mortgage applicati... 

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NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness

Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish driver... 

Dollar steadies in quiet trading so far

Even though the lack of headlines in the last two days were befitting of a summer lull, there was some decent action in markets. But today, that seems to be absent with broader markets also struggling... 

AUDUSD Technical Analysis – The Aussie outperforms on hawkish RBA

Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish driver... 

The Art of Trading - It's Just Like Playing a Sport

Trading in financial markets is often perceived as a high-stakes game of numbers, charts, and quick decisions. However, if you look closer, trading is much more than just buying low and selling high,... 

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Latest Forex Orders

FX option expiries for 21 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level. There has been expiries here all through the week and the ones today will still have... 

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