Market index 281.6 vs 257.5 prior Purchase index 180.9 vs 165.3 prior Refinance index 829.3 vs 759.7 prior 30-year mortgage rate 6.77% vs 6.79% prior This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates. This article was written by Giuseppe Dellamotta at www.forexlive.com.
GBP/USD depreciates as the US Dollar gains ground amid increased risk sentiment. President Trump is preparing to announce a 50% tariff on imported copper and a 200% tariff on pharmaceutical imports. The UK Office for Budget Responsibility warned that public finances are on an unsustainable long-term trajectory. GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours…
2025.07.09 2025.07.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.07.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The scenarios outlined previously remain valid. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the fifth part of a bullish impulse to a…
As expected, the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 3.25% in their July meeting. The Monetary Policy Committee reached consensus to hold rates steady after deliberating between a 25 basis point cut to 3.0% and maintaining the current level, reflecting central bank’s cautious approach amid heightened global policy uncertainty. Key Takeaways: RBNZ kept OCR…
Eurostoxx +0.3% Germany DAX +0.3% France CAC 40 +0.3% UK FTSE +0.3% Spain IBEX +0.6% Italy FTSE MIB +0.3% The latest report here on a EU-US deal is helping with the mood, as the EU will be slapped with lower tariffs as both sides continue to negotiate. The deadline though looks set to go past 1 August but again,…
The Japanese Yen remains depressed as trade uncertainties temper BoJ rate hike bets. The JPY bulls fail to gain a respite from the cautious market mood and a weaker USD. The fundamental backdrop warrants caution before placing fresh USD/JPY bullish bets. The Japanese Yen (JPY) sticks to its negative bias through the early European session on Tuesday amid worries…
NZD/CAD can’t seem to crack fresh lows as it tests a technical support area. Will this lead to a bounce higher for the pair? We’re keeping a close eye on the 4-hour chart for clues! NZD/CAD 4-hour Forex Chart by TradingView The New Zealand dollar got a bit of love earlier today after the Reserve Bank of New Zealand…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
USD/CAD depreciates as US Dollar declines following updated Trump’s tariff rates. President Trump announced new tariffs of up to 40% on 14 countries. The Canadian Dollar remains stable as the Prime Minister Office said that Canada was not targeted by the US tariffs. USD/CAD depreciates after registering over 0.50% gains in the previous session, trading around 1.3650 during the…
2025.07.08 2025.07.09 Weekly Economic Calendar for 14.07.2025–20.07.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Following the reports on the US labor market and business activity data at the beginning of July, the US dollar requires new drivers to resume its upward momentum. Should the data indicate an acceleration in US inflation, the greenback will likely surge. Meanwhile, the US currency remains under pressure. Additionally,…
