Source: US Census Bureau American housing starts posted a slight growth in August, as permits climbed to a four-month high. XHB is down 0.40%, while DXY is down 0.06%. Housing starts stood at 1.615 million, up 3.9% from July’s 1.554 million and 17.4% higher than 1.376 million in August 2020.Single-family housing starts fell to 1.076 million from July’s 1.107 million, but … [Read more...] about US Housing Starts Rebound as Permits Jump to Four-Month High
Forex News
Builder Confidence Posts Slight Rebound After Three-Month Decline
Source: NAHB Builder confidence posted a slight rebound in September, on the back of cheaper lumber and high housing demand. DXY is up 0.13%, while ITB is down 1.84%. The NAHB/Wells Fargo Housing Market Index stood at 76 in September, up from 75 in August. This follows three straight months of declines.Increases were also seen in the indices tracking current sales … [Read more...] about Builder Confidence Posts Slight Rebound After Three-Month Decline
USDCHF Forecast: Evergrande, SNB, and Fed in Focus
The USDCHF price held steady at the highest level since April as Evergrande contagion risks remained. Investors are also waiting for the upcoming Swiss National Bank (SNB) and Federal Reserve (Fed) interest rate decisions. It is trading at 0.9325, which was about 4.40% above the lowest level this year. Evergrande contagion risks The USDCHF pair rose on Monday as the … [Read more...] about USDCHF Forecast: Evergrande, SNB, and Fed in Focus
Yellen Says Acting Sooner on Raising Debt Limit Will Avoid Historic Financial Crisis
Source: MarketWatch On Sunday, US Treasury Secretary Janet Yellen petitioned for Congress to raise the debt ceiling to avoid a “historic financial crisis.” DXY up +0.08%, EUR USD down -0.10% Yellen indicates that the United States has always raised the debt ceiling before its limit. Default could cause a spike in interest rates, a decline in stock prices, and … [Read more...] about Yellen Says Acting Sooner on Raising Debt Limit Will Avoid Historic Financial Crisis
Consumer Sentiment Growth, Ends August’s Steep Falloff
Source: University of Michigan Consumer sentiment posted slight growth in September, marking the end to the steep decline in the previous month. DXY is up 0.22%. The Index of Consumer Sentiment stood at 71.0 in September, up 1.0% from 70.3 in August, but 11.7% lower than the 80.4 in September 2020.The measure of Current Economic Conditions fell to 77.1, down 1.8% from … [Read more...] about Consumer Sentiment Growth, Ends August’s Steep Falloff
