Source: Mortgage Bankers Association Mortgage applications for new home purchases in July 2021 dropped 27.4% from the same month last year. DXY down -0.02%, EUR USD up +0.04% Compared to June 2021, applications dropped by 4%. The change does not include an adjustment for typical seasonal patterns.Joel Kan, MBA’s associate, stated that homebuilders still faced increased … [Read more...] about New Home Mortgage Applications Down 27.4% YoY in July-MBA
Forex News
Eurozone, EU Construction Output Growth Cool to Three-Month Low in June
Source: Eurostat Construction output in both the euro area and the European Union continued to grow in June, but slowed to the lowest in three months. Total construction in the euro area grew by 2.8%, down from 12.2% in May. This is the fourth straight month of growth but the weakest since April’s 45.6%.Building works expanded by 3.1%, while civil engineering works … [Read more...] about Eurozone, EU Construction Output Growth Cool to Three-Month Low in June
Eurozone Inflation Soars to Highest in Nearly Three Years. EU Up to Eight-Year High
Source: Eurostat Inflation in July ballooned to a near three-year high in the Eurozone and an eight-year high in the European Union, clocking in above the European Central Bank’s target. Inflation in the euro area stood at 2.2%, up from 1.9% in June and 0.4% in July 2020. The latest reading is the fastest since October 2018’s 2.3%.The European Union recorded … [Read more...] about Eurozone Inflation Soars to Highest in Nearly Three Years. EU Up to Eight-Year High
UK Inflation Cools to 2% in July After Four Straight Months of Acceleration
Source: Office for National Statistics After accelerating for four straight months, inflation in the United Kingdom slowed in July as lower prices of clothing and recreational goods were recorded during the period. The Consumer Price Index stood at 2.0% in July, down from 2.5% in June but up from the 1.0% recorded the same month last year.The Consumer Price Index, … [Read more...] about UK Inflation Cools to 2% in July After Four Straight Months of Acceleration
AUDTRY Analysis: Pair Extends Losses Amid Continued China Trade War
Iron ore prices have surged during the pandemic from $75 per ton at the beginning of 2020 to more than $200 per ton in 2021. China reduced its tax rebates for steel in April, forcing prices to rise by 13% in July 2021. The AUDTRY pair is trending in the overbought zone. The AUDTRY added 1.33% as of 4:32 am GMT on August 17, 2021, from the previous day's close. It … [Read more...] about AUDTRY Analysis: Pair Extends Losses Amid Continued China Trade War
