Source: National Association of Realtors US pending home sales rebounded in August to carve the highest level in seven months, driven by higher supply and moderating prices. XHB is up 1.00% The Pending Home Sales Index (PHS) stood at 119.5 in August, the highest since January’s 123.4. An index of 100 is equal to the contract activity levels in 2001.The latest reading is … [Read more...] about American Pending Home Sales Hit Seven-Month High in August
Forex News
Fed Official Says Time to Taper Bond Buying ‘Soon’
Source: Federal Reserve Bank of Philadelphia Federal Reserve Bank of Philadelphia President and Chief Executive Officer Patrick Harker believes it may soon be time to cut down on the Fed’s bond-buying program. DXY is up 0.31%. Harker said it would soon be time to slowly and methodically “frankly boringly” cut down on the $120-billion monthly bond-buying program.The Fed … [Read more...] about Fed Official Says Time to Taper Bond Buying ‘Soon’
Democrat Leaders Running Out of Options to Avoid ’Catastrophic’ Default
Source: FT Democrats in Congress are crawling to get the way to raise the US debt ceiling and avert potential “catastrophic” default in less than three weeks. DXY +0.38%, EUR USD down 0.41% Republicans have continuously refused to support raising the country’s borrowing limit.On Tuesday, the Republican Party, led by Senate Minority Leader Mitch McConnell, blocked a route … [Read more...] about Democrat Leaders Running Out of Options to Avoid ’Catastrophic’ Default
Economic Sentiment Stable Across Europe, Employment Expectations Hit 2-Year High
Source: European Commission Economic sentiment was broadly stable across Europe even as employment expectations soared to two-year highs, driven by improving consumer confidence. IEV is up 0.25% premarket. The Economic Sentiment Indicator was unchanged in the European Union at 116.6, and slightly higher in the Euro area at 117.8, up 0.2 points.The slight improvement came … [Read more...] about Economic Sentiment Stable Across Europe, Employment Expectations Hit 2-Year High
US Consumer Confidence Slips for Third Straight Month in September
Source: The Conference Board US consumer confidence declined for the third straight month in September, dragged by the spread of the COVID-19 delta variant. The Conference Board Consumer Confidence Index stood at 109.3 in September, down from 115.2 in August. The index slipped both in July and August.The Present Situation Index slipped to 143.4 from 148.9 the previous … [Read more...] about US Consumer Confidence Slips for Third Straight Month in September
