Freddie Mac reports that the 30-year fixed mortgage rate has hit an 11-month peak.
Marcus Lemonis asserts that skyrocketing housing prices are mainly a result of inadequate supply rather than just regulatory issues. He points out the significance of permits and safety inspections, and challenges the notion that reducing bureaucratic barriers would drastically cut prices. This week, mortgage rates saw another increase, hitting their highest level in almost a […]
GBP/JPY Price Outlook: Pulls back from 18-year peak, faces challenges at 220
The GBP/JPY currency pair fell about 0.34% on Thursday after hitting an 18-year peak of 219.62 the day before. However, with some recovery in the yen, the pair has now settled at approximately 218.80. GBP/JPY Price Forecast: Technical Outlook Even though the pair didn’t breach the 220.00 mark, it was still on a positive trajectory, […]
EUR/JPY Price Outlook: Stays close to the symmetrical triangle peak near 185.50
EUR/JPY Movement and Technical Analysis The EUR/JPY pair experienced a rise for the third consecutive day, trading around 185.40 during Asian hours on Wednesday. This currency cross is currently positioned above both the 9-period and 50-period exponential moving averages (EMAs), supporting a slightly bullish sentiment. The 14-day Relative Strength Index (RSI), hovering around 53, indicates […]
AUD/USD Outlook: Retracts from two-week peak as 38.2% Fibo. limits
AUD/USD Analysis The AUD/USD has pulled back a bit from the two-week peak of 0.6960 reached during Tuesday’s Asian trading, and it seems the recent three-day rally might have stalled for the time being. Still, the drop doesn’t seem particularly strong, so it’s probably best to be cautious before deciding that the recent recovery from […]
USD/CHF Price Outlook: Looking to continue rise towards one-year peak near 0.8170
The USD/CHF currency pair dipped by 0.16% to approximately 0.8110 during European trading on Thursday, pulling back from a recent peak of 0.8140, reached just a day earlier. Overall, the outlook for the Swiss franc remains quite resilient as the US dollar continues to show strong performance. At the same time, the US Dollar Index […]
Gas prices drop for the sixth consecutive week, falling 14% from their peak in May during US-Iran talks.
U.S. Gas Prices Decline for Sixth Consecutive Week Gasoline prices in the U.S. have dropped for six weeks straight, reflecting a 14% decrease from the highs observed in May. This decline occurs amidst continuing intense discussions regarding a nuclear agreement, especially following President Trump’s recent interim peace deal with Iran. As of Tuesday, the national […]
United States Dollar Index stays near its 13-month peak.
US Dollar Index Stabilizes Amid Economic Forecasts The U.S. Dollar Index (DXY), which assesses the dollar’s value against six key currencies, has stabilized around 101.00 during Asian trading on Tuesday, following some modest gains the day before. With a hawkish sentiment regarding the U.S. Federal Reserve’s policy outlook, the index is lingering near the 13-month […]
Bitcoin Reaches Two-Week Peak Following US-Iran Hormuz Agreement
Bitcoin Surges Amid US-Iran Peace Agreement Bitcoin experienced a notable increase, reaching its highest point in almost two weeks, following the announcement that the United States and Iran had come to an agreement to halt hostilities and reopen the crucial Strait of Hormuz. The original cryptocurrency climbed as much as 5.1% on Monday, trading around […]
Bitcoin’s steady peak questions many market bottom predictions: Research
New Insights on Bitcoin Price Cycles Recent research from Galaxy Digital indicates that a lack of speculation may lead Bitcoin’s cycle lows to be at higher price points compared to previous bear markets. The analysis suggests the potential bottom could range between $62,000 and the network’s realized price of $53,600. Alex Thorne, Galaxy’s research head, […]
New Zealand Dollar remains stable amid mixed data from China and a three-year peak in US consumer prices
Market Update on NZD/USD Currency Pair As of Wednesday, the NZD/USD currency pair was hovering around 0.5815, showing minimal change for the day as traders processed several economic announcements from both China and the US. After the release of Chinese economic data during the Asian trading session, the pair maintained a stable position. According to […]