681404

S&P: Despite low interest rates, expect demand for housing should remain subdued in short term

In the view of S&P Global Ratings, despite low-interest rates, the demand for housing should remain subdued in the short term due to the current travel restrictions, weak consumer sentiment due to the coronavirus pandemic. Key quotes “Downside risks to Australian property prices not yet alarmi

Chart of the week: DXY bears teasing a test of 61.8% Fibo

The US dollar has been sent back to its level in 2016 as the US data starts to kick in and weigh on sentiment surrounding the US economy now that central banks are seen providing sufficient dollar liquidity in FX swap lines. However, from a technical standpoint, the golden ratio has been targetted w

European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence data from euro area and consumer prices from Germany are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, UK Nationwide Building Society is set to release house price data. Economists forecast house prices to rise 2.1 percent on year in March, s

Breaking News! The world's largest gold buyer has announced the stop of purchase, the gold market may face unprecedented challenges

Over the past five years, Russia has spent more than $ 40 billion to build gold reserves. Now it is going to quit. The Russian central bank announced on Monday (March 30) that it would stop buying gold from April 1, but did not explain the reason behind this move. Analysts say Russia already ha

-THE END-