Source: S&P Dow Jones Indices US national home prices covering its nine census regions rose by an annual rate of 18.8% in November, lower than 19.0% posted the previous month. SPY is down -2.23%, DXY is up +0.36%. The 10-City Composite posted a 16.8% annual gain in house prices, below the 17.2% increase in October.The 20-City Composite house price gains cooled to an … [Read more...] about US Home Prices Register an 18.8% Gain in November
Fifth District Manufacturing Activity Halved in January
Source: Richmond Fed Manufacturing activity in the fifth district was halved in January from the previous month, dragged by the declines in new orders and employment. The composite index fell to 8 in January, down from 16 in December and the 11 recorded in November.Drops were seen in new orders, the backlog of orders, capacity utilization, local business conditions, … [Read more...] about Fifth District Manufacturing Activity Halved in January
US Consumer Confidence Slips in January
Source: The Conference Board Consumer confidence in the United States eased in the first month of the year on the back of heightened concerns involving the COVID-19 Omicron variant. The Conference Board Consumer Confidence Index stood at 113.8 in January, down from 115.2 in December. This follows three straight months of growth.Consumers were less optimistic about … [Read more...] about US Consumer Confidence Slips in January
Ichimoku Cloud Indicator in Forex Trading
The Ichimoku cloud is an intriguing, Moving Average-based indicator providing traders signals regarding support and resistance, momentum, and trend. The full name of the indicator is 'Ichimoku Kinko Hyo,' which translates to 'a glance at a chart in equilibrium.' While this esoteric statement sounds like something you'd hear in a Zen, the Ichimoku is a frequently utilized … [Read more...] about Ichimoku Cloud Indicator in Forex Trading
German Businesses Open 2022 With More Optimism
Source: ifo institute German business sentiment rebounded in January after contracting for three straight months, as supply chain issues eased during the month. EWG is flat premarket. The ifo Business Climate Index stood at 95.7 in January, up from 94.8 in December and 90.5 in January 2021.The assessment of the current situation slipped to 96.1, a level last seen since … [Read more...] about German Businesses Open 2022 With More Optimism
