*U.S. Crude Oil Inventories Increase 4.4 Million Barrels In Week Ended 1/15

Trading 22 Jan 2021 Commentaire »

U.S. Crude Oil Inventories Increase 4.4 Million Barrels In Week Ended 1/15


The material has been provided by InstaForex Company - www.instaforex.com

*U.S. Crude Oil Inventories Increase 4.4 Million Barrels In Week Ended 1/15

Trading 22 Jan 2021 Commentaire »

U.S. Crude Oil Inventories Increase 4.4 Million Barrels In Week Ended 1/15


The material has been provided by InstaForex Company - www.instaforex.com

U.S. Existing Home Sales Unexpectedly Climb 0.7% In December

Trading 22 Jan 2021 Commentaire »

Existing home sales in the U.S. unexpectedly rebounded in the month of December, according to a report released by the National Association of Realtors on Friday.

NAR said existing home sales climbed by 0.7 percent to an annual rate of 6.76 million in December after tumbling by 2.2 percent to a revised rate of 6.71 million in November.

The rebound surprised economists, who had expected existing home sales to slump by 2.1 percent to a rate of 6.55 million from the 6.69 million originally reported for the previous month.

With the unexpected monthly increase, existing home sales in December were up by 22.2 percent compared to the same month a year ago.

"Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic," said Lawrence Yun, NAR's chief economist.

He added, "What's even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market."

The report said the existing home price for all housing types was $309,800 in December, up 2.9 percent year-over-year.

Housing inventory at the end of December totaled 1.07 million units, down 16.4 percent from November. The unsold inventory represents an all-time low of 1.9 months of supply at the current sales pace.

Looking ahead, Yun expects to see a continuation of the strong activity that's currently taking place in the housing market and in the overall economy.

"Although mortgage rates are projected to increase, they will continue to hover near record lows at around 3%," Yun said.

He added, "Moreover, expect economic conditions to improve with additional stimulus forthcoming and vaccine distribution already underway."

Next Thursday, the Commerce Department is expected to release a separate report on new home sales in the month of December.

Economists currently expect new home sales to jump by 2.7 percent in December after plunging by 11.0 percent in November.


The material has been provided by InstaForex Company - www.instaforex.com

*U.S. Existing Home Sales Climb 0.7% In December

Trading 22 Jan 2021 Commentaire »

U.S. Existing Home Sales Climb 0.7% In December


The material has been provided by InstaForex Company - www.instaforex.com

*U.S. Existing Home Sales Climb 0.7% In December

Trading 22 Jan 2021 Commentaire »

U.S. Existing Home Sales Climb 0.7% In December


The material has been provided by InstaForex Company - www.instaforex.com

Loonie Little Changed After Canada Retail Sales

Trading 22 Jan 2021 Commentaire »

Following the release of Canada retail sales for November at 8:30 am ET Friday, the loonie changed little against its major counterparts.

The loonie was trading at 1.5458 against the euro, 81.70 against the yen, 0.9794 against the aussie and 1.2709 against the greenback around 8:32 am ET.


The material has been provided by InstaForex Company - www.instaforex.com

*Canadian Retail Sales Jump 1.3% In November

Trading 22 Jan 2021 Commentaire »

Canadian Retail Sales Jump 1.3% In November


The material has been provided by InstaForex Company - www.instaforex.com

Loonie Mixed Ahead Of Canada Retail Sales

Trading 22 Jan 2021 Commentaire »

Canada retail sales for November are due from Statistics Canada at 8:30 am ET Friday. Ahead of the data, the loonie traded mixed against its major counterparts. While the loonie dropped against the greenback, it was steady against the rest of major rivals.

The loonie was worth 1.5460 against the euro, 81.64 against the yen, 0.9800 against the aussie and 1.2714 against the greenback at 8:25 am ET.


The material has been provided by InstaForex Company - www.instaforex.com

Ichimoku cloud indicator Daily analysis of EURUSD

Trading 22 Jan 2021 Commentaire »

EURUSD remains in a bullish trend according to the Ichimoku cloud indicator and as price continues to move higher, the bullish scenario is becoming stronger. Bulls have recaptured the tenkan-sen and now face the kijun-sen.

analytics600b03f59caaf.jpg

The tenkan-sen (red line indicator) is support at 1.2137. The kijun-sen (yellow line indicator) is resistance at 1.22. Holding above the Kumo (cloud) and breaking above 1.22 would be another bullish sign. The Chikou span (black line indicator) is on top of the candlestick pattern and slightly above it. This indicator is slightly bullish as long as it holds above the candlesticks. All in all a bullish picture for EURUSD according to the Ichimoku cloud indicator.The material has been provided by InstaForex Company - www.instaforex.com

Ichimoku cloud indicator Daily analysis of EURUSD

Trading 22 Jan 2021 Commentaire »

EURUSD remains in a bullish trend according to the Ichimoku cloud indicator and as price continues to move higher, the bullish scenario is becoming stronger. Bulls have recaptured the tenkan-sen and now face the kijun-sen.

analytics600b03f59caaf.jpg

The tenkan-sen (red line indicator) is support at 1.2137. The kijun-sen (yellow line indicator) is resistance at 1.22. Holding above the Kumo (cloud) and breaking above 1.22 would be another bullish sign. The Chikou span (black line indicator) is on top of the candlestick pattern and slightly above it. This indicator is slightly bullish as long as it holds above the candlesticks. All in all a bullish picture for EURUSD according to the Ichimoku cloud indicator.The material has been provided by InstaForex Company - www.instaforex.com