Latest data from the Mortgage Bankers Association for the week ending 13 August 2021 Market index 725.4 vs 754.8 prior Purchase index 249.9 vs 252.0 prior Refinancing index 3,490.2 vs 3,684.3 prior 30-year mortgage rate 3.06% vs 2.99% prior US mortgage applications fell in the past week owing to a drop in both refinancing and
NEW DELHI: Gold prices were little changed on Wednesday, moving mildly higher. The precious metal was caught between a firmer dollar and safe-haven demand driven by the Delta coronavirus variant fears. Gold futures on MCX were up 0.21 per cent, or Rs 98, at Rs 47,378 per 10 gram. Silver futures gained 0.34 per cent,
To everyone’s surprise, the RBNZ left the OCR unchanged at 0.25% in August. The decision was made in light of the renewed New Zealand’s lockdown after a report of one coronavirus case. Policymakers, however, maintained a hawkish stance, suggesting that the next policy decision would be tightening. Meanwhile, the Funding-For-Lending program (FLP) also stayed unchanged
Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up. Retail sales for the month fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline and below the upwardly revised 0.7% increase in June.
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s outpaced earnings estimates on Wednesday, as projects by home professionals helped drive sales in the second quarter. Shares rose more than
Robinhood is a company that rarely sits still, so it’s perhaps unsurprising that its IPO is undergoing the same rollercoaster ride during its early days of life on the stock market. The investing app, indicated by its HOOD Nasdaq ticker symbol, has roared into life following a difficult start to life on its market debut.
Big support level broken EUR/USD is a handful of pips away from the March low of 1.1704 and the key 1.1700 level. That’s a level that’s been defended twice before and is the lowest since just before Biden was elected. The FX market is throwing up red flags all over the place this week as
Modest bounce in the New Zealand dollar Today’s NZD trade is a unique one. The game-changing news of 5 covid cases in New Zealand came a day ahead of the decision and argues for a wait-and-see attitude. Hiking now only to see cases get out of control and a longer nationwide lockdown would look foolish.
NEW DELHI: Gold prices were flat on Tuesday, hovering near a one-week peak. The yellow metal saw a surge in demand amid rising delta variants and geopolitical tension in Asia. Gold futures on MCX were marginally up 0.01 per cent, or Rs 7, at Rs 47,232 per 10 gram. Silver futures gained 0.23 per cent,
Souring risk sentiment continues to support Swiss Franc and Yen today, while Dollar is also trying to catch up. Commodity currencies are still the weakest ones. In particular, New Zealand Dollar tumbles on talks that RBNZ could refrain from delivering the highly anticipated rate hike tomorrow, as the country returned to pandemic lockdown. Fresh selling
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters The price of lumber has fallen sharply in the last few months, but apparently that has not been enough to take the pressure off homebuilders. Sentiment among single-family homebuilders dropped five points to 75 in August
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot shares tumbled nearly 4% in premarket trading Tuesday after the company said fewer customers visited its stores during the
EUR/USD continues to push lower in the American session. US Dollar Index rose above 93.00 on Tuesday. Greenback capitalizes on safe-haven flows as Wall Street’s main indexes decline. The EUR/USD pair extended its daily slide in the early American session and was last seen trading at a fresh daily low of 1.1727, losing 0.42% on
Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Aug. 16. The senior commodity market strategist credited the “digitization of money and finance” behind the Bitcoin market’s superior growth against gold, noting that the same factors helped the U.S. dollar gain dominance
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GBP/USD down 0.4% to below 1.3800 on the day The dollar may be keeping more resilient amid more dour risk tones in the market but it is tough to really pinpoint any reason for the pound’s underperformance today, in which the currency is even lagging the loonie in European morning trade. The only thing I