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Wednesday, September 4, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 30 August +1.6% vs +0.5% prior

US MBA mortgage applications w.e. 30 August +1.6% vs +0.5% prior

Prior +0.5% Market index 230.5 vs 226.9 prior Purchase index 136.1 vs 131.8 prior Refinance index 751.4 vs 753.8 prior 30-year mortgage rate 6.43% vs 6.44% prior Mortgage applications rose in the past... 

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Oil jumps amid report that OPEC+ is discussing a delay to planned output hike in October

WTI crude oil 15-minute chart Reuters is out with the headline, citing three OPEC+ sources in saying that the bloc is discussing a delay to its planned output hike in October. It looks like they are f... 

A Harris win will provide a stronger boost to the US economy - Goldman Sachs

That opposed to a Trump victory of course, according to Goldman Sachs. The firm argues that economic output will take a hit next year under the Trump banner. And that is mostly from increased tariffs... 

NZDUSD Technical Analysis – We are testing a key trendline

Fundamental Overview Yesterday, we got the US ISM Manufacturing PMI and even though the headline number missed expectations, under the hood the report was better than the prior month. The bad news was... 

UBS warns that oil prices are likely to stay volatile in the short-term

UBS argues that the oil market is undersupplied despite weak Chinese oil demand, with demand elsewhere making up for it. They also add that supply growth did disappoint in some non-OPEC+ states, contr... 

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Latest Forex Orders

FX option expiries for 4 September 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for USD/CAD at the 1.3515 level. It isn't one that really holds any technical significance but the expiries there coul... 

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