The 2021 RICS UK Residential Survey for September showed a slight recovery in buyer demand after the drop seen following the phasing out of the Stamp Duty holiday. Today's figures appear to indicate the potential for sales to stabilise moving forward as house prices growth decelerated somewhat while remaining firm throughout the UK. On the other hand, the September new instructions net balance registered -35% (vs -36% previously) and has remained in negative territory for the last six months. While some of these signs may be encouraging, shortages in supplies and general economic uncertainty along with rising inflation continue to be key issues to overcome. 

Wall Street earning season starts positively

After yesterday's upbeat earning reports from JP Morgan and Blackrock, investors await another round of major financial institutions which will publish their results. Today we can expect reports from a variety of banks including Wells Fargo, Morgan Stanley, Citigroup and Bank of America. These results could set the stage for what to expect in the coming weeks of earnings season and could give an indication of how financial institutions performed recently as rising costs and uncertainty in markets worried investors. Meanwhile, the FED has maintained its position which could lead us to see a change in monetary policy sooner rather than later with the introduction of tapering as signs of rising inflation cannot be ignored and will have to be addressed effectively. Nevertheless, Wall Street earnings season could continue to have a noticeable impact on markets as investors await further clarification from the US central bank. 

 

X-Trade Brokers Dom Maklerski S.A. does not take responsibility for investment decisions made under the influence of the information published on this website. None of the published information can be treated as a recommendation, disposition, promise, or guarantee that the investor will achieve a profit or will minimize risk using the information published on this website. Transactions including investment instruments, especially derivatives using leverage, are in its nature speculative and can provide both profits and losses that can exceed the initial deposit engaged by the investor.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD remains vulnerable near 1.1600 amid firmer dollar

EUR/USD is hovering around 1.1600, on the defensive amid a broadly stronger US dollar. Markets cheer US-Sino talks and stimulus progress despite looming inflation fears. The Fed-ECB monetary policy divergence weighs down on the euro. US Consumer Confidence data awaited.

EUR/USD News

GBP/USD hovers around 1.3750, Brexit talks in London eyed

GBP/USD is trading above 1.3750, struggling for a clear direction after Monday’s rebound. Market sentiment improves on stimulus hopes, US-Sino talks but the dollar remains firmer. UK’s Frost offers EU December deadline to solve the row over the NI proposal. All eyes on the Brexit talks in London.

GBP/USD News

Acceptance above 100/200-day SMAs favours XAU/USD bulls

Gold regained positive traction on Monday and inched back closer to multi-week tops. Fresh COVID-19 jitters benefitted the safe-haven metal. A stronger USD, hawkish central bank outlooks kept a lid on any meaningful upside.

Gold News

Traders book profits from Shiba Inu to push Dogecoin to $0.34

Dogecoin price could see some incoming speculative money from profit-taking in Shiba Inu A bullish close above the Cloud on the daily chart indicates future upswing likely. The outperformance of Shiba Inu is likely as Dogecoin lags the majority of the market.

Read more

Conference Board Consumer Confidence October Preview: Watch what we do... Premium

Confidence expected to slip to 108.3 from 109.3 in September. Michigan Consumer Sentiment eroded slightly in October. Sentiment seems divorced from labor market and Retail Sales. Federal Reserve taper will not hinge on a happy US consumer.

Read more

Majors

Cryptocurrencies

Signatures