Easy Does it.
1
- #2,402
- Jun 24, 9:16am (14 hr ago) Jun 24, 9:16am (14 hr ago)
- Joined Feb 2023 | Status: Trader | 1,121 Posts
{quote} your monitor is upside down...
As I interpreted based on the economic indicators in today's calendar:
1. Mortgage market:
-30 year mortgage rate fell (economic weakness). Mortgage applications (MBA Purchase index) less; refinancings increased, which made: Mortgage applications and Mortgage market index increase. So, fewer new mortgages.
2. Building permits (MoM) below expectations.
3. New home sales (MoM) below expectations.
4. Oil inventories fell, but not spectacularly. Refineries processed less oil.
5. 2 Year FRN Auction, bond auction, demand was lower, price fell.
Conclusion: USD weaker.
Okay, there's another auction for the 5 Year Auction in 2 hours.
- #2,403
- Jun 24, 7:25pm (4 hr ago) Jun 24, 7:25pm (4 hr ago)
- Joined Jun 2013 | Status: enjoying life | 23,981 Posts | Online Now
do not follow me 99.9999999% of times, rest you can lol
- #2,404
- Last Post: Jun 24, 7:50pm (3 hr ago) Jun 24, 7:50pm (3 hr ago)
- Joined Jun 2013 | Status: enjoying life | 23,981 Posts | Online Now
{quote}
after november 3 war starts again
, india pakistan cannot fight in monsoon or winters, so this waits till spring 2027
do not follow me 99.9999999% of times, rest you can lol