Equity Builder Forex
Equity Builder Forex
Economic Analysis Day Trading News: March 24, 2010
Weekly Mortgage Applications
Applications weekly mortgage rose 2.7% 1.9% last week reversing decline. The Mortgage Bankers Association's weekly "Purchase applications is an indicator Advance sales of single family homes and housing construction. The market to see in these numbers include home builders, mortgage lenders, and companies home furniture.
Good durable goods orders in February
Durable goods orders rose 0.5% in February but fell below the consensus of 1.0%. The durable goods orders last month reported a growth of 2.6% after increasing 1.8% in December. Goods durable reflect the future perspective of manufacturing through the placement of new orders. Manufacturing is an important component of the economy.
February new home sales
Yesterday February Existing Home Sales fell for third consecutive month falling 0.6% 5.02 million, the lowest in eight months. Today New Home Sales in February fell 2.2% to 308,000. Last month new home sales were difficult due to snow storms in winter and had an annual rate below the expected 360k 309K compared to consensus in January. New home sales fell 7.6% in December to 22.9% in 2009. New sales homes provide housing demand of households in new construction with committed sale during the month. The market to see in these numbers include: Home builders mortgage lenders and home furnishings companies.
Oil Weekly Report
Crude inventories rose by eighth week running up to 7.3 million barrels. Last week the OPEC cartel announced it will maintain unchanged its oil production ceiling, as they keep their profits from the dollar's decline. Oil is currently trading between the comparison and $ 80 from $ 81 to $ 82 last week, indicating the price of oil has remained largely on OPEC to change output.
Resignation
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