
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey.
Smaller cities that have faced steeper price gains in 2018 might face greater risks of a dive as economic activity speeds down and financing conditions are still tough for smaller developers.
China's average residential property prices are anticipated to head north by 2% in the first half of next year from 2018, and just 0.5% for the whole year, a poll with 16 experts revealed on Monday.
It would mark the weakest annual surge for five years in a sector, which traditionally has been one of the country's key surge drivers as well as store of household prosperity.
Market experts have downgraded their forecasts since the last Reuters survey was carried out in September, when prices were anticipated to inch up by up to 3.3% in the first six months of next year.
Housing sales are anticipated to tumble by 5% next year, with property investment decelerating to 4%.
The Chinese real estate market directly affects more than 40 industries and also highly correlates to domestic demand from washing machines to steel.
Notwithstanding gradually decelerating from its maximum levels in mid-2016 as the government sought to cool price leaps, the sector has remained quite buoyant because of firm underlying demand for housing as well as few alternatives for investment.
October data disclosed that new home prices managed to ascend by up to 8.6% in contrast with 2017, which appears to be the fastest tempo since July last year.
By the way, recent price gains have been mostly powered by smaller cities, which have fewer restrictions on home purchasers than megacities.
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
Jump in to get the latest market news and fresh technical analysis of EUR/USD and GBP/USD!
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.