3 Things to Know in the Housing Market Today! 3 Things to Know in the housing market today! Now, three leading surveys indicate that it may begin in the next eighteen months. bottom line. We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months. Whether you are thinking of buying or selling, it’s a great time to be in the market.3 Things to Know in the Housing Market Today! A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.3 Things to Know in the Housing Market Today! A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, [.]
Economic data out of the US didn’t provide much support for the greenback either, as Q4 GDP was revised significantly lower to 2.2% from 3.5%. Meanwhile, other indicators sent conflicting.
· AUD. The RBA November Meeting Minutes revealed that the next move in the interest rates will be more likely up but that there is no strong case for a near term move. Employment figures are stronger than expected and they expect that unemployment will fall to 4.75% during mid-2020. Lower AUD has helped domestic economic growth.
At 14:20, GMT, September U.S. Dollar Index futures are trading 97.475, up 0.035 or +0.04%. Daily September U.S. Dollar Index Daily Technical Analysis. The main trend is up according to the daily swing chart, however, momentum has been trending lower since the formation of the closing price reversal top at 98.700 on August 1.
US Housing Starts fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. Housing starts dropped 4.0% to an annual rate of 1.191 million units last month, according to the Commerce Department.
· aud rba meeting minutes showed that rate cut would be appropriate if there are no further improvements in the labour market. It was reiterated that there is “no strong case” for a near-term move in policy. The board recognized that lower rates would have less of an impact than in the past.
· AUD/USD: RBA will keep current interest rate. Trading scenarios 04/02/2019 The US dollar is trading higher on Monday, and the dxy dollar index futures at the beginning of the European session is at 95.46, 12 points higher than the opening price of the trading day.
– First maybe half that, but now you own a FOREX spot position in usd/cad avg 1.11 for 16 million long USD/CAD as well as of late, a short USD/CAD of same amount. I finally get it. I guess your broker was talking you into continuing to buy the USD/CAD as it sank for the last couple months, believing it.
Economic data out of the US. market forecasts underestimate the negative effects of farming declines. Any negative surprises could easily send the Australian Dollar lower, as softer economic growth.