The Japanese yen gave up some of its recent strength against the greenback shed in the meeting on Wednesday, almost 1%. Meanwhile, the main currencies against the dollar slightly higher, with the British pound frame of 0.35%. U.S. stocks also recouped earlier losses derived from, finishing slightly higher as the Dow Jones over the 10k level. Crude oil climbed even higher, derived its steep losses in recent weeks to a higher trading up 1.7% to $ 72.83 a barrel, while spot gold fixed by 0.8% to $ 1,240 per ounce settlements.
Passed to a further deterioration in U.S. real estate market reflected by the recent series of gloomy economic reports and stoking fears of a double-dip recession. The July new home sales report sharply missed consensus estimates for a flat reading, but instead crashed by 12.4% to a record low at 276k units compared with a downwardly revised reading of 12.1% from June at 315k units. The house price indices with the Q2 house price index rose by 0.9% and mixed with estimates for a decline of 0.4% from 2.1% decline the previous quarter. On a monthly basis, the house price index fell by 0.3% compared with an increase of 0.5% previously. Orders for durable goods were also softer than expected, with the headline index improved by 0.3% and missing calls for a 3.0% increase, while the shipments index printed without sharp every week, by 3.8% versus 0.2% a marginal increase before.
Amid increased fears of a double-dip recession, the dealers will continue to focus on the data flow. The key highlight for the Thursday meeting weekly jobless claims, expected to improve slightly to 490k after the unexpected jump last week at the 500k mark .
Passed to a further deterioration in U.S. real estate market reflected by the recent series of gloomy economic reports and stoking fears of a double-dip recession. The July new home sales report sharply missed consensus estimates for a flat reading, but instead crashed by 12.4% to a record low at 276k units compared with a downwardly revised reading of 12.1% from June at 315k units. The house price indices with the Q2 house price index rose by 0.9% and mixed with estimates for a decline of 0.4% from 2.1% decline the previous quarter. On a monthly basis, the house price index fell by 0.3% compared with an increase of 0.5% previously. Orders for durable goods were also softer than expected, with the headline index improved by 0.3% and missing calls for a 3.0% increase, while the shipments index printed without sharp every week, by 3.8% versus 0.2% a marginal increase before.
Amid increased fears of a double-dip recession, the dealers will continue to focus on the data flow. The key highlight for the Thursday meeting weekly jobless claims, expected to improve slightly to 490k after the unexpected jump last week at the 500k mark .
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