Mortgage rates plunge to the lowest level in over a year after weak employment report
The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed rate fell
Asian Stocks Plunge Amid Global and US Recession Fears
Table of ContentsToggleAsian stocks traded in bearish territory on Monday, suffering losses as concerns about economic recession soured investor sentiment. Market participants fear that volatility will increase with tensions rising in the Middle East. That’s not an attractive prospect.US futures
The euro index recovers while the yen hits a new high
The Euro index’s movement since the market’s opening last night was very volatile in the Asian session. Global instability, especially in the Middle East, caused the yen index to jump to 794.1 this morning. Euro index chart analysisThe Euro index’s movement since
Hurricane Debby: Florida Faces Flooding and Storm
Table of ContentsToggleHurricane Debby is the 4th hurricane of the 2024 Atlantic season, following Tropical Storms Alberto, Beryl, and Chris, which formed in June.As it neared Florida on Sunday night, Tropical Storm Debby became a Category 1 hurricane, according to
EURGBP and EURCHF: EURCHF fell at a new all-time low
The bullish trend of EURGBP continued this week. During this morning’s Asian trading session, EURCHF fell to a new historical low at 0.92108. EURGBP chart analysisThe bullish trend of EURGBP continued this week. During this morning’s Asian trading session, we saw steady
U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown
The U.S. unemployment rate rose to 4.3% in July and hiring slowed, adding to signs of a broader downturn in what has been a solid U.S. economy. The Bureau of Labor Statistics
AUDUSD and AUDNZD: AUDUSD is losing ground below 0.64500
During this morning’s Asian session, we saw the initiation of a new bearish AUDUSD consolidation, which led to a new yearly low at the 0.63484 level. During this morning’s Asian session, the AUDNZD was under pressure to continue last week’s bearish
The dollar index in a strong bearish trend for a long time
After four months, the dollar index again fell below the 103.00 level. Dollar index chart analysisAfter four months, the dollar index again fell below the 103.00 level. On Friday, we saw a strong pullback from 104.40 to 103.10. During this morning’s
USDCHF and USDJPI: USDJPI falls under pressure this morning
During this morning’s Asian trading session, USDCHF continued last week’s bearish consolidation. During this morning’s Asian session, USDJPY continued its bearish consolidation. USDCHF chart analysisDuring this morning’s Asian trading session, USDCHF continued last week’s bearish consolidation. A new low was formed at
USDCHF and USDJPI: USDJPI falls under pressure this morning
During this morning’s Asian trading session, USDCHF continued last week’s bearish consolidation. During this morning’s Asian session, USDJPY continued its bearish consolidation. USDCHF chart analysisDuring this morning’s Asian trading session, USDCHF continued last week’s bearish consolidation. A new low was formed at