Key insights from the week that was. In Australia, the week kicked off with a gloomy update on the housing market. Cotality’s nationwide home value index dropped another 0.7% in July, following declines of 0.5% and 0.7% in May and June respectively, leaving prices 1.6% below their March peak. The scale of the correction is […]
The post Cliff Notes: Consumer Shows Resilience Amid Housing Gloom appeared first on ActionForex.
Anyone who has bought a fast new laptop only to watch it freeze while a file loads knows the frustration. The processor is not the problem. It is waiting on memory that cannot feed it Read more…
Key Highlights USD/JPY started a recovery wave from the 155.25 zone. It cleared a short-term contracting triangle with resistance at 158.00 on the 4-hour chart. EUR/USD could correct some gains from the 1.1565 resistance. The Read more…
St. Louis Fed President Alberto Musalem said he favored raising interest rates by 25bps at last week’s FOMC meeting, arguing that acting gradually now would be preferable to risking more aggressive tightening later. Musalem is Read more…