Source: Eurostat Economic growth in both the eurozone and the European Union accelerated in the first quarter, in line with the continued uptrend in employment. EZU is down 0.87%, while VGK is down 0.95%. The eurozone gross domestic product (GDP) posted an annual increase of 5.4%, faster than the 4.7% increase in the previous quarter.The EU growth rate stood at 5.6%, … [Read more...] about Eurozone, EU Economy, Employment Grow in First Quarter
US Mortgage Applications Plunges to 22-Year Low-MBA
Source: Mortgage Bankers Association A key measure of mortgage loan application volume plunged to its lowest level in 22 years last week as Fed moves to cool the rate hike sensitive housing sector. DXY down -0.01%, EURUSD down -0.40% The MBA stated that its Market Composite Index, which comprises the purchase and refinances applications, dropped 6.5% on a seasonally … [Read more...] about US Mortgage Applications Plunges to 22-Year Low-MBA
UK Home Prices Climb for 11th Straight Month, Rise to Record High
Source: Halifax Property prices in the United Kingdom continued to increase in May, marking the eleventh straight month of increases to hit fresh record highs. XHB was down 0.70%, while EZU was down 0.20% after hours. Average home prices in the UK increased by 1% or £2.857 in May from the previous month and 10.5% higher than the same month last year.The average price … [Read more...] about UK Home Prices Climb for 11th Straight Month, Rise to Record High
German Industrial Output Jumps by 0.7%, Lower-Than-Anticipated in April
Source: Federal Statistical Office German industrial production bounced back but rose less than anticipated in April as COVID restrictions and war in Ukraine hurt supply chains. DAX down -0.59%, EURUSD up +0.37% Industrial output increased by 0.7% in the month after an upwardly revised decline of 3.7% in March.Excluding energy and construction, production output rose by … [Read more...] about German Industrial Output Jumps by 0.7%, Lower-Than-Anticipated in April
How to Choose a Crypto Trading Strategy That Suits You Best?
To continuously generate money in the crypto market, you'll need a working strategy. It would be a mistake to regard the events in the crypto markets as random and trade just on intuition. Trades made on the basis of your intuition can yield a sizable return. However, such a success is purely coincidental—you can't be certain of repeating such outcomes regularly, no … [Read more...] about How to Choose a Crypto Trading Strategy That Suits You Best?
