Activity levels in the New Zealand’s real estate market have slightly eased in April after the strong March as the number of home sales fell and the national medium price declined from March’s record high.
The Australian dollar was relatively unchanged after May reports of Australia’s housing data. A recovery in investment lending for real estate was countered by weaker housing loans.
The third major British real estate report confirmed a weaker residential housing market.
The second major British house prices data confirmed a weaker real estate sector in May and going into the historically weaker summer months.
Although a higher than expected home loans growth rate restored some hope for the weakening Australian real estate market, the Australian dollar continues its morning decline as equity markets fall, hinging on Chairman Bernanke’s tepid remarks on the US economy.
British RICS Real Estate Index for March reported lower, but beats estimates for March.
Today’s EURUSD range was the smallest since September 6, 2010 and there is a short term bearish setup. There are also signs of risk aversion (bonds rally, stocks fall, high yielders down, etc) for the first time in a long while
Hi everybody, For this European outlook video I take a detailed look at the Pound Yen cross, it’s been too long since we visited this pair. I hope you enjoy the analysis I include some basic educational pieces today as well. Happy trading!! David Pegler
The Obama administration’s proposal for reducing the government’s role in housing finance may pit Wall Street against real estate groups as it restructures the $11 trillion mortgage market.
Ben S. Bernanke, the Federal Reserve chairman, faced tough questions before the new Republican majority.
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