Month: October 2020

The NAHB Housing Market Index rose to 85 in October, surpassing expectations. Homebuilder confidence reached a record high, noted analysts at Wells Fargo. They point out low mortgage rates and an increased desire for more space continues to drive buyer traffic and sales. Key Quotes:  “The topline index beat consensus estimates and climbed two points
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S&P and NASDAQ trim losses With 37 or so minutes ago into the close, the major indices are making a comeback.  The S&P index is down -6 points or -0.17% at 3482.62. The high price reached 3483.35. The low price extended to 3440.89 The Dow industrial average is down 11 points or -0.04% at 28503.32. It’s
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Apart from what has already been posted there is no fresh news flow. NZD caught a bid earlier on here after the election in New Zealand returned the incumbent prime minister with great numbers in the NZ parliament. Ardern is on track to take 64 seats in the 120 seat parliament which means she can
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USD/JPY takes the bids near intraday high, ignores Friday’s downbeat performance. Japan’s Nikkei 225, S&P 500 Futures benefit from hopes of US stimulus, virus vaccine. September month Trade Balance from Japan eased from ¥989.8 B forecast to ¥675 B. Powell’s speech, risk catalysts remain as the key amid a light calendar at home. USD/JPY seesaws
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