According to Freddie Mac, Mortgage rates have jumped from near-record lows in May to 4.4 percent last week on 30-year fixed loans, amid anticipation that the Fed will slow its purchases of securities backed by real estate later this year. The central bank probably will announce a reduction on Sept. 18, according to a report...
Read more
Daily Market Review-20th August 2013
Wall Street continues its negative trend from last week to complete the longest sequential drops this year in anticipation for the publishing of last week’s federal bank meeting protocol. The USA bond market closed negatively and the 10 year yield on 10-year bonds rose by 0.05% to a level of 2.88%, after climbing to a...
Read more
Buy Chance as EUR/GBP on Verge of Major Breakout
The EUR/GBP saw its first close above .8600 since March on Friday, paving the road for further gains over the course of this week. With today’s inside candle in the upper half of Friday’s range, the pair has created a clear Stutter Step Trade setup.