Category Finance

A day after the USD was the weakest of the major currencies, the greenback is one of the strongest of the major currencies. The EURUSD is the only currency that the USD is weaker against in the morning snapshot. The USD is unchanged vs. the CAD as well.…

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Fundamental Overview Yesterday, the US Consumer Confidence report surprised to the downside with one of the largest drops since 2021. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by raising the probabilities for the Fed to…

Prior +14.2%Market index 296.1 vs 266.8 priorPurchase index 148.2 vs 146.1 priorRefinance index 1,132.9 vs 941.4 prior30-year mortgage rate 6.13% vs 6.15% prior Mortgage applications continue to see a solid rebound in the past few weeks with yet another jump in the past week. That comes as rates…

Light Crude Oil Futures Technical Analysis – Key Junction at $70.3 Hello, this is Itai Levitan at ForexLive.com, bringing you a technical analysis on Light Crude Oil Futures (Ticker: CL). As expected and communicated in my last oil technical analysis, the current touchpoint at the top pane of…

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🌎 2024 global growth forecast seen at 3.2% (previously 3.1%)🌎 2025 global growth forecast seen at 3.2% (unchanged)🇺🇸 2024 US growth forecast seen at 2.6% (unchanged)🇺🇸 2025 US growth forecast seen at 1.6% (previously 1.8%)🇨🇳 2024 China growth forecast seen at 4.9% (unchanged)🇨🇳 2025 China growth forecast seen…

That sees the pair erase losses on the week itself as well, moving back to the opening levels this week. The franc is also pushed lower against the dollar, with USD/CHF itself now up 0.6% as well to 0.8485 on the day. All this comes as market players…

Fundamental Overview Yesterday, the US Consumer Confidence report surprised to the downside with one of the largest drops since 2021. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by raising the probabilities for the Fed to…

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