Source: National Association of Realtors Existing-home sales in the United States slipped for the second straight month in March due to higher mortgage rates and the inflationary uptick during the period. XHB is up 0.66%, while ITB is up 0.60%. Seasonally adjusted sales for the month stood at 5.77 million in March, down 2.7% from February and 4.5% from 6.04 million in the … [Read more...] about US Existing-Home Sales Drops for Second Consecutive Month
Forex News
US Mortgage Applications Drop as Home Loan Rates Surge to 12-Year High
Source: Reuters The average home loan rates in the United States grew to the highest level in 12 years last week, in an indication that the housing market may be starting to see a cooldown. ITB is up 1.18%, while XHB is up 0.94%. The 30-year fixed-rate average contract rate jumped to 5.20% in the week ending April 15 from 5.13% in the previous week and two percentage … [Read more...] about US Mortgage Applications Drop as Home Loan Rates Surge to 12-Year High
Eurozone, EU Industrial Production Rebound in February
Source: Eurostat Industrial production rebounded in both the eurozone and European Union in February, following the contraction recorded in the first month of the year. EZU is up 1.62%, while VGK is up 0.86%. Total industrial production in the eurozone climbed by 0.7% in February versus the previous month, marking a rebound from the -0.7% recorded in January.Monthly … [Read more...] about Eurozone, EU Industrial Production Rebound in February
Eurozone, EU Post Trade Deficit in February
Source: Eurostat The eurozone and the European Union both posted a deficit in terms of international trade in February, as imports outpaced exports during the month. EZU is up 1.62%, while VGK is up 0.99%. The eurozone international trade in goods deficit stood at €7.6 billion in February, reversing the €23.6-billion surplus recorded the same month in 2021.Exports to the … [Read more...] about Eurozone, EU Post Trade Deficit in February
Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
The yen dropped to a new 20-year low as it fell for the 13th consecutive day, heightening the stakes for the Bank of Japan on whether to maintain its ultra-loose monetary policy stance. JPYUSD down -1.16%, Nikkei 225 up 0.69% The plunge in the yen ¥128 against the US dollar emerged as Tokyo Research Survey found that nearly 40% of the companies determined that yen weakness … [Read more...] about Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
