Source: Census Bureau The number of authorized private-owned houses in the US plunged at an annual rate of 5.1% in June from May to hit 1.598 million. SPY is up +0.24% on premarket, DXY is up +0.27%. The building permits in June were 23.3% above the rate in the comparable month of 2020.June housing starts rose by 6.3% from May to an annual rate of 1.643 million … [Read more...] about Building Permits Plunge by 5.1% in June amid Gains in Housing Starts
Advanced Supply Demand Review
Advanced Supply Demand is an indicator available on the MQL 5 marketplace. The algorithm can be customized in many ways to cater to the traders' needs. Using the chart history, it carefully analyzes and highlights all the possible areas of supply and demand. Detailed Forex Robot Review The indicator is available to download through the MQL5 web page, which neatly … [Read more...] about Advanced Supply Demand Review
CADJPY Analysis: Canadian Dollar Slides As BoJ Prepares June 2021 CPI
Japan has witnessed an improvement in exports and industrial output with a steady increase in fixed business investments. The BoJ is set to maintain the purchase of 12-trillion-yen worth of ETFs and 180-billion-yen worth of Japanese real estate investment trust (J-REIT). Non-resident investors reduced their Canadian equities in June 2021 by CA$3.3 billion … [Read more...] about CADJPY Analysis: Canadian Dollar Slides As BoJ Prepares June 2021 CPI
Oil Dip 5% on OPEC+ Supply Boosts Amid Demand Concerns on Covid Cases Surge
Oil prices plummeted more than 5% on Monday, the biggest drop since March, as OPEC+ agreed to increase output. CL1! is down -6.72%. Brent oil traded at $ 69.68 a barrel, a $3.61 or 4.9% decline by 1405 GMT while U.S oil traded at $68.06 a barrel, a fall of $3.75 or 5.2%.Analysts have attributed the move by OPEC+ as a step towards free and increased production capacity by … [Read more...] about Oil Dip 5% on OPEC+ Supply Boosts Amid Demand Concerns on Covid Cases Surge
Billionaire Investor Ackman Discounts Impact of Delta Variant on Economic Rebound
Source: CNBC Pershing Square’s Bill Ackman does not expect the global spread of delta Covid variants to have a significant impact on economic reopening. SPY today is down -1.84%. Ackman says the outbreak of delta variants could motivate more people to take vaccines, allowing the global economies to pick in the fall.Despite causing an increase in vaccinations, the … [Read more...] about Billionaire Investor Ackman Discounts Impact of Delta Variant on Economic Rebound
