The US dollar showed signs of recovery in a bullish correction, supported by positive US data that has fueled speculation that the Fed will pursue fighting inflation in 2023.The dollar remained mostly flat for the day in low-volume holiday markets, trading around 104.34. The index has stuck to a range …
Read More »US New Home Sales rise by 5.8% in November vs. -4.7% expected
The US dollar Index is still trading within its daily range above 104.00. Sales of new single‐family houses rose by 5.8% in November to a seasonally adjusted annual rate of 640,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on …
Read More »US New Home Sales Rise Above Estimates
Sales of new single‐family houses, in the United States, rose by 7.5% in October to a seasonally adjusted annual rate of 632,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Wednesday.Wednesday’s reading followed September’s contraction of 11% and came …
Read More »Gold prices marginally rise ahead of the “Jackson Hole” conference
With a big deal of market volatility, gold prices have pushed to session highs. The housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal, which …
Read More »Gold falls as the dollar rises, amid anticipation of Jackson Hole
Gold prices fell on Wednesday, August 24, in the United States of America, after hawkish statements from an official in the Federal Council surrounding the investors kept investors. And gold fell in direct transactions 0.1% to $ 1746.18 an ounce, the time at 07:12 GMT, after rising 0.7% in the …
Read More »Gold rallies on negative US economic data
With a big deal of market volatility, gold prices have pushed to session highs as the housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal …
Read More »US New Home Sales Fall Below Expectations
Home purchases, in the United States, dropped 8.1% in June to an annualized 590,000 rate. The number of homes sold awaiting start is at the highest level since January 2022.Sales of new US homes fell for the fifth time this year in June to a more than two-year low. There …
Read More »What New Home Sales Tell About US Economy
New Home Sales in the US rebounded sharply in May. The data published by the US Census Bureau showed on Friday that New Home Sales in the US rose by 10.7% in May to a seasonally-adjusted rate of 696,000 following April’s shrinkage of 12% (revised from -16.6%). “The median sales …
Read More »EUR/USD edges lower amid recession clouds
The EUR/USD pair trimmed most of its weekly gains on Thursday, hovering around 1.0530. The US dollar benefited from a souring market sentiment. The negative sentiment was triggered by more comments by Fed Chair Jerome Powell and macroeconomic data pointing to a sharp economic slowdown.The flash S&P Global PMIs for …
Read More »US New Home Sales Rise in October
Following a 7.1% (downwardly revised from 14.0%) surge in sales in September, New Home Sales in the United States rose by a modest 0.4% in October according to data released by the US Commerce Department showed on Wednesday. The fresh data indicates rise for the second successive month to the …
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