Source: NAR American pending home sales rebounded in October to assure that levels hit the highest in 15 years, according to data released by the National Association of Realtors. XHB is down 0.10%. The Pending Home Sales Index climbed 7.5% to 125.2 in October, above the 100 level equal to the level of contact activity in 2001.Contract signing rose at the fastest pace in … [Read more...] about US Pending Home Sales Rebound to Cement 15-Year High Levels in 2021
Forex News
EU and Euro Area Employment Expectations Rise the Highest in Almost 4Yrs in Nov.
Source: European Commission The Employment Expectations Indicator rose by 1.4 points in the EU and 1.7 points in the euro area to 115.6 in both regions. The indicator is the highest since January 2018. DAX is up +0.79%, EURUSD is down -0.35%. The rise in employment expectations happened even as the Economic Sentiment Indicator fell by 1.1 points in both regions. The … [Read more...] about EU and Euro Area Employment Expectations Rise the Highest in Almost 4Yrs in Nov.
UK Mortgage Approvals Miss Estimates in October as Levels Hit 15-Month Lows
Source: BOE Mortgage approvals in the UK in October were 67,199, down from 71,900 in September and below expected 71,851. FTSE 100 is up +1.36%, GBPUSD is down -0.05%. The low rate of mortgage approvals reflects fading activity in the housing market, with record prices being posted amid a low number of units coming to the market.Mortgage debt by individuals in October … [Read more...] about UK Mortgage Approvals Miss Estimates in October as Levels Hit 15-Month Lows
Lira Extends Weaknesses as President Erdogan Maintains Stance on Lower Rates
Source: Reuters Lira traded at above 12 against the US dollar on Friday, erasing previous gains after President Tayyip Erdogan maintained his stance on taking interest rates lower. USDTRY is up +3.38%. Erdogan emphasized that Turkey will not turn back on its economic policy, with a focus on employment, production, and current account surplus.Turkey's president said he … [Read more...] about Lira Extends Weaknesses as President Erdogan Maintains Stance on Lower Rates
Global Stocks, Oil Prices Plunge on Issues Over New Covid-19 Variant
Source: The Wall Street Journal Stocks, oil prices, and government bond yields plunged after South Africa increased concern over a fast-spreading variant of the COVID-19. CSI 300 Index down -0.74%, EUR USD up +0.96% The S&P 500 opened nearly 1.4% lower as the Dow Jones Industrial Average fell 2.3% in the early trading session.Brent crude plunged 5% to below $77 per … [Read more...] about Global Stocks, Oil Prices Plunge on Issues Over New Covid-19 Variant
