The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
China's home prices will edge up 6.8% in 2017
In 2017, China's home prices will probably ascend more than previously estimated notwithstanding a storm of government curbs to tame speculation, as a Reuters survey revealed on Tuesday, thus soothing concerns that the Chinese economy would slow abruptly.
Property prices will keep rising steadily as heavy government intervention assisted partly by a shift in demand to China’s smaller cities. That’s what the survey of 13 property experts and economists from August 21-28 disclosed.
As for average nationwide home prices, they were supposed to soar a median 6.8% in 2017 compared with a median forecast of 2% surge in the last survey in February.
In 2016, prices of new homes in China tacked on 12.4%, which is the fastest rate since 2011.
A resilient property market are going to be positive news for China's policymakers, willing to keep the real estate market steady before a once-in-five-years Communist Party congress.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…