Source: Halifax House prices in the United Kingdom soared to record-highs for the second straight month in August, even as growth slowed for the third straight month. IUKP is down 0.16%. Average house prices stood at £262,964 in August, surpassing the previous high of £23,600 recorded in May. This is also higher than the £245,602 in August 2020.Average house prices remain … [Read more...] about UK House Prices Carve Fresh Record Highs. Growth Slows to Five-Month Low
China’s Exports and Imports Beat Forecasts. Trade Surplus at $58.34B in August
Source: National Bureau of Statistics China’s exports rose by 25.6% year over year in August, a better-than-expected gain of 17.1% to fuel the economy to a trade surplus of $58.34 billion. The surplus was higher than the expected $51.05 billion. CSI 300 is up +1.20%, USDCNY is up +0.09%. The annual gain in exports was higher than July’s surge of 19.3%, while the trade … [Read more...] about China’s Exports and Imports Beat Forecasts. Trade Surplus at $58.34B in August
Euro Zone Growth Revised as Consumer Spending Recovers Sharply
Source: Eurostat. The euro zone economy increased by more than initially estimated in the second quarter of the year, with consumer rebounding sharply after two quarters of decline during pandemic lockdowns. Euro Stoxx 50 down -0.31%, EUR USD up +0.06% Eurostat stated that gross domestic product in the 19 countries sharing the euro increased by 2.2% quarter-on-quarter for … [Read more...] about Euro Zone Growth Revised as Consumer Spending Recovers Sharply
FXMAC Review
FXMAC offers Forex managed accounts and promises to give you an edge over your competitors. According to the vendor, the service allows novice traders to grow their accounts with the help of asset managers. However, we need to analyze the various aspects of the system to determine whether it is truly worth investing in. Detailed Forex robot review On the official website, … [Read more...] about FXMAC Review
Currency Pair Correlations
A currency correlation is a measure of the extent to which two currencies have a statistically significant link in terms of value and the chance that market readjustments would cause their prices to move in the same direction. Forex markets tend to reward traders based to a large extent on their understanding of the nature of relationships between different … [Read more...] about Currency Pair Correlations
