Prior -6.7% Market index 214.5 vs 214.8 prior Purchase index 137.8 vs 131.3 prior Refinancing index 630.0 vs 672.6 prior 30-year mortgage rate 6.73% vs 6.52% prior After a sharp fall in mortgage applications in the previous two weeks, the latest reading is little changed but it’s important to look at the details. Refinancing activity […]
Larsen & Toubro Elliott Wave technical analysis Function: Counter Trend (Intermediate degree, orange). Mode: Corrective. Structure: Impulse, within larger degree Wave (A). Position: Minor Wave 3 Grey. Details: Minor Wave 3 Grey is now progressing lower against 3930. Invalidation point: 3930. Larsen & Toubro daily chart technical analysis and potential Elliott Wave counts: Larsen & Toubro daily chart […]
Shooting star – price action pattern
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The shooting star price action pattern is a bearish signal that signifies a higher probability of the market moving lower than higher and is used primarily in down trending markets. In essence, it is the opposite of the hammer pattern. Here is an example of what a shooting star candle looks like: […]
It has been the case for a while now, especially with the manufacturing sector in such a dire state. Here’s the estimates for the Q3 GDP releases in key euro area countries this week: Germany -0.3% q/q (previously -0.1%) France +0.3% q/q (previously +0.3%) Spain +0.6% q/q (previously +0.8%) Italy +0.7% q/q (previously +0.9%; revised […]
GBP/JPY pulls back from a multi-month peak, though the downside potential seems limited. The BoJ rate-hike uncertainty could undermine the JPY and lend some support to the cross. Traders look to the UK Autumn Budget for short-term impetus ahead of the BoJ on Thursday. The GBP/JPY cross edges lower during the Asian session on Wednesday […]
Investing.com– Most Asian currencies moved little on Wednesday as the dollar steadied with focus squarely on the upcoming presidential election and a string of key economic readings. The Japanese yen also traded sideways after sinking to three-month lows, with focus turning to the conclusion of a Bank of Japan meeting on Thursday. Regional currencies were […]
Inflation data from Australia for the July – September quarter and for September month. 2.8% y/y headline, below the top of the RBA target band of 2 – 3%. Trimmed means is a core measure, comes in at 3.5% y/y more to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link
