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Wednesday, November 20, 2024

European Markets Wrap-Up: US MBA mortgage applications w.e. 15 November +1.7% vs +0.5% prior

US MBA mortgage applications w.e. 15 November +1.7% vs +0.5% prior

Prior +0.5% Market index 195.6 vs 192.4 prior Purchase index 136.0 vs 133.3 prior Refinance index 514.9 vs 506.0 prior 30-year mortgage rate 6.90% vs 6.86% prior Despite a continued rise in the averag... 

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Nasdaq Technical Analysis – The market bounces from a key trendline

Fundamental Overview Last week, we got a pullback in the Nasdaq as the higher-than-expected inflation readings and a less dovish Powell weighed a bit on the market. Despite the recent events though, t... 

S&P 500 Technical Analysis – The path of least resistance remains to the upside

Fundamental Overview Last week, we got a pullback in the S&P 500 as the higher than expected inflation readings and a less dovish Powell weighed a bit on the market. Despite the recent events thou... 

Eurozone negotiated wage growth seen accelerating in Q3

That's a bit problematic for the ECB as pay growth is seen accelerating once again. That is unlikely to put off a December rate cut though as the wages data here hasn't really translated to any signif... 

NZDUSD Technical Analysis – The lack of catalysts keeps the market rangebound

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market's pricing remained largely unchanged at th... 

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FX option expiries for 20 November 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . They are for EUR/USD at the 1.0540 and 1.0620 levels. The former isn't one that holds much technical significance so I woul... 

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