US new-home sales fell in May (slightly softer than expected) and the
big jump in demand in April was revised lower, while the median price
of a home compared to a year earlier dropped. Sales of...
Today's price actions in the forex market have been influenced by a
couple of fundamental factors, one of which is the correlation to the
stock market - the Shanghai Composite Index in particular. This
benchmark...
created by gracecheng | 2 years ago 130 views | 0 recommendations | 1 comment
This coming week will be one packed with mega economic releases. The US
dollar may extend its losses against the Euro, Sterling and Swiss franc
in the forex market as reports are forecast to indicate a slowdown in
the US housing market. The...
created by gracecheng | 2 years ago 99 views | 0 recommendations | 1 comment
Are Americans generally coping well or not? Recent housing indices show record foreclosure numbers, mortgage rate increases and home price depreciation. Rising rates, among other factors, have caused the...
The US dollar has rallied against EUR, CHF, GBP and JPY in the forex
market. US jobless claims rose to a two-month high last week (up 10,000
to 324,000), suggesting the pace of job growth is slowing...
US housing starts fell for the first
time (-2.1% vs -3.5% forecast) in four months during May, but building
permits increased, a good sign for future construction. Starts...
Today's forex economic calendar is almost empty. With most market players pinning for the release of the US NAHB housing market index (expected to come in unchanged from month at 30) later on, the US dollar ...
The US dollar did not get much help from today's inflation data. US consumer prices rose 0.7% (0.6% expected) in May at their fastest rate in almost 2 years on sharply higher energy prices but...
US retail sales data for May surged at a rate more than double expected. Overall sales were up 1.4% versus an expected 0.6% rise. Sales excluding autos were up 1.3% vs an estimate of...
It is like the calm before a storm. Tight trading ranges ruled again
today; it seems like most players are just too cautious ahead of key
economic data to be released in the later part of the week. Yesterday,
New Zealand stepped in to sell the Kiwi as a signal to...
The only noteworthy event of today is a rare move of intervention by a
central bank in forex. If you are thinking it's Japan, it's not. It's
the Reserve Bank of New Zealand (RBNZ). New Zealand Finance Minister
Michael Cullen said today that the RBNZ intervened in the forex.....
A few months ago (possibly last year), Leong Ching, a journalist, asked
if I would write my story for the then-upcoming book entitled "Chicken Soup for the Singapore Soul". As many of you may know, the Chicken Soup series focuses on real-life stories...
Financial markets around the world will be trembling, shaking next week
- perhaps may even go bonkers (in either a good or bad way). The market
sentiment on USD is extremely bullish at the moment, largely due to the
jump in key...
Today's sharp moves in the forex market are a good example of how the
fixed income market is linked to the forex market. Yesterday, yield of
the US Treasury 10-year notes rose the highest in more than three years,...
The US dollar hit a 3-week low against the Euro on remarks by Federal
Reserve Chairman Bernanke, which suggest that the Fed is now more
comfortable with inflation levels. Bernanke notes a "gradual ebbing" of core...
Truemors
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