What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
London house prices demonstrate the biggest dips since 2008
In August, house prices in central London went down at their sharpest tempo since 2008, thus intensifying the slowdown in London’s housing market. However, prices soared in other regions of the United Kingdom, as a survey disclosed on Thursday.
The Royal Institution of Chartered Surveyors told that its monthly balance of overall UK house prices gained to +6 having dropped to a four-year minimum of +1 in July.
August's outcome surpassed all forecasts in a Reuters survey of financial experts. However, RICS told that the outcome turned to be consistent with only a marginal ascend in national prices.
The UK housing market has slowed since the Brexit vote to abandon the EU, when prices were soaring by nearly 8% a year, versus surge rates of approximately 5% currently, as official data states.
By the way, for the last 20 years prices in London have managed to quadruple, making homes too expensive for many of its residents.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!