Source: Office for National Statistics Shoppers have started shopping for Christmas early, as UK sales at clothing stores jumped to near pre-pandemic levels, but online sales plunged to record-lows. FTSE 100 down -0.25%, GBP USD down -0.46% The Office for National Statistics stated that the rush to get presents pushed sales volumes up 0.8% in October, ending five straight … [Read more...] about Retail Sales in UK 0.8% up in October on Early Christmas Shopping
US Mortgage Rates Rise to the Highest in November
Source: Bloomberg The average rate for the US 30-year mortgage was 3.10%, the highest since October 28 and up from 2.98% posted last week. SPY is down -0.20%, DXY is down -0.12%. The rise in the mortgage rates reflects investors’ anticipation of bond purchase tapering by the Fed.The uptick in rates means that the US is shifting away from the historic low rates posted in … [Read more...] about US Mortgage Rates Rise to the Highest in November
Zen Scalper EA Review
Zen Scalper EA is available for both MT4 and MT5 platforms. It is an automated expert advisor that comes with lot management settings and is present through subscription and lifetime options. The developer claims to provide world class profits and states that the robot has 100% accuracy in trades. We will review the algorithm in our article and see if the statements from the … [Read more...] about Zen Scalper EA Review
CFD Trading in Forex
Contracts for Difference (CFDs), are forms of trade based on speculating short-term price changes of assets. This form is highly dependent on margin trading and leverage and does not involve actual handling of the assets involved. If you're looking to create a position in CFDs, you simply need to deposit a fraction of the total value of the transaction. This is also … [Read more...] about CFD Trading in Forex
US Manufacturers Remain Upbeat as Diffusion Index Edges 15 Points Higher in Nov.
Source: Federal Reserve Bank of Philadelphia The diffusion index gauging current activity in US manufacturing rose by 15 points to 39.0 in November. The index is the highest since April. SPY is up +0.27%, DXY is down -0.04%. Almost 42% of firms reported increases in activity, up from 40% in October. 3% reported declines, a significant improvement from 17% in … [Read more...] about US Manufacturers Remain Upbeat as Diffusion Index Edges 15 Points Higher in Nov.
