Home price growth in major U.S. metropolitan areas accelerated by more than expected in the month of September, according to a report released by Standard & Poor's on Tuesday. The report said the S&P/Case-Shiller 20-City Composite Home Price Index climbed 6.2 percent year-over-year in September. more...
EURUSD: Retail trader data shows 29.9% of traders are net-long with the ratio of traders short to long at 2.35 to 1. The number of traders net-long is 12.7% lower than yesterday and 23.3% lower from last week, while the number of traders net-short is 6.2% lower than yesterday and 15.8% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to ...
A lot of noise was made when EUR/USD broke the ‘neckline’ of the ‘head-and-shoulders’ top, and we were indeed onboard with what was presented to us as a valid confirmation of the three-month pattern. However, last week’s surge pushed the euro well above the ‘neckline’ and the trend-line running down off the September high. The combination of technical breaches significantly decreases the likelihood of the ‘H&S’ pattern still holding any real weight. One could say the formation isn’t fully wrecked ...
EUR/USD managed to tick up amid OK data from Europe and weakness in the US dollar. GDP data stands out in a busier week. Here is an outlook for the highlights of this week. German GDP (preliminary): Tuesday, 7:00. The so-called “locomotive” of the euro-zone has enjoyed a growth rate of 0.6% q/q in the second quarter of 2017. Q3 should be similar.German CPI (final): Tuesday, 7:00. The final read will likely confirm this number.German ...
Belgium's economic growth slowed for a second consecutive quarter during the three months to September, preliminary figures from the National Bank of Belgium showed Monday. more...
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