Asia FX ticks down after jumping on Powell’s dovish tilt

Prior +1.1% Market index 256.5 vs 250.8 prior Purchase index 165.3 vs 165.2 prior Refinance index 759.4 vs 713.4 prior 30-year mortgage rate 6.79% vs 6.88% prior Mortgage applications picked up slightly in the past week, helped mostly be refinancing activity. The market is still facing a testing time amid higher rates but at least…

The EURUSD pair continues to face downward pressure as it fails to break above the falling price channel on the 4-hour chart. This suggests that the downtrend from the 1.0948 level remains intact. Let’s break down the key levels and potential scenarios: Bearish Outlook: The pair is expected to see further decline in the coming days….

the market has been very slow for my liking. It is what it is. Nothing changed in my algo Source link

The multi-week decline of the USD/JPY from the 28 March high of 151.21 has stalled today, supported by US President Trump’s “big progress” in US-Japan trade talks. The US/Japan implied interest rate policy curve trajectory continues to narrow, which supports further yen strength. Watch the 147.30 key medium-term resistance on the USD/JPY. /* Requesting advertisement…

Trouble-hit aerospace company Boeing (BA) saw its share price drop dramatically on Thursday following more bad news. The company has been affected by safety concerns and slow deliveries this year, leading to CFO Brian West confirming that its Q2 results are likely to be poorer than anticipated. He said that BA had to burn its…