Data released Thursday showed existing home sales rose 9.4% in September, beating expectations. Wells Fargo Analysts They explain that demand for homes is likely to be even stronger, with low inventories fueling competition and driving up prices. Key statements: “Existing home sales increased 9.4% in September at a rate of 6.54 million units. The increase […]
Tag: United States
Existing home sales rise to 6.54 million in September, the highest level since April 2007
US Existing Home Sales Rise to 6.54 Million in September, above the estimates of 6.3 million and rising from the 5.98 million the previous month. Notably Existing home sales fell during April, May and June due to the pandemic of coronavirus. In March this year, existing home sales hit a recent high of 5.76 million […]
The airline industry affirms that there is twice the probability of hitting the primitive than of getting infected in an airplane
The US Department of Defense carried out a study to evaluate the possibility of contagion of Covid inside an airplane and concluded that a passenger would have to fly 54 hours with a sick person to become infected. Manufacturers Airbus and Boeing also assessed the risk. They filled a device with mannequins, one of […]
Initial Unemployment Benefit Requests Unexpectedly Fall to Monthly Lows Below 800,000
The Department of Labor reported that Initial claims for unemployment benefits fell by 55,000 in the week of October 17 to 787,000. The data came as a positive surprise as an increase to 860,000 was expected. It is the lowest reading since April. Regarding the continued orders, these also fell more than expected and to […]
Employment increased in almost all districts, growth remained slow
The Federal Reserve published the beige book report on US economic activity stating that employment increased in almost all districts, although growth remained slow. In addition, it states that economic activity continued to increase in all districts, with a growth rate characterized as mild to modest in most. Key notes Changes in activity varied greatly […]
AUD / USD updates session highs, looking to extend momentum above 0.7100
AUD / USD witnessed a short hedging move on Wednesday amid a sustained sell off of the USD. Hopes for US fiscal stimulus boosted investor sentiment and undermined the dollar as a safe haven. The RBA’s dovish expectations could prevent the bulls from making aggressive bets and limit strong gains. The pair AUD/USD It updated […]
When is Black Friday 2020 and everything that has changed with the blow of the covid
Black Friday is here. That 2020 is the year of pandemic and crisis has not prevented stores like Amazon, Carrefour, El Corte Inglés or Fnac from making great offers and discounts on their stock. Companies have advanced and expanded their period of dream offers to cope with the ‘special’ conditions that covid has brought. WHAT […]
AUD / USD clings to recovery gains, although struggling to pull back above 0.7100 level
AUD / USD gains traction on Wednesday and moves away from Tuesday’s three-week lows. Risk appetite sentiment weighs on the safe-haven USD and supports the bullish move in the pair. The RBA’s pessimistic expectations and nervousness around the coronavirus limit any uncontrolled bullish movement in the pair. The pair AUD/USD moves higher during the European […]
USD / JPY falls to weekly lows below the 105.20 region amid notable USD weakness
USD / JPY extends the previous day’s pullback from six-day highs amid sustained USD sell bias. The latest optimism about additional US fiscal stimulus measures weighs on the USD. Optimistic market sentiment could weigh on the safe-haven JPY and help limit the slide. The selling tone around the US dollar is dragging USD / JPY […]
The S&P 500 remains above 3,450 with the focus on US fiscal stimulus talks.
US stocks open strong gains amid hopes of additional US fiscal stimulus. Recent nervousness over the coronavirus could weigh on optimism and limit the rise. The main US stock indices have opened with strong gains on Tuesday and they have recovered part of the strong setback of the previous day. The hope that US lawmakers […]
