Wall Street Set To Open Mostly Higher finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
2/12/2021 3:40:21 PM GMT
USD/JPY retreats below 105, finds support at 104.55, recovers.
Chairman Powell: The US labor market remains weak.
Chairman Powell: Fed has no plans for rate increases or bond program reductions.
US Treasury rates move higher after Wednesday low.
FXStreet Forecast Poll sees no immediate increase in USD/JPY.
The USD/JPY reneged on its breakout promise this week dropping below 105 on Tuesday but support at 104.55 held on Thursday. The descending channel is increasingly distant and a declining a draw with the upper border below 103. Movement in the pair is tied to improvement in the US economy and Treasury rates.
November Home Prices Climbed at Highest Rate in Six Years Jan 26 2021, 10:12AM
The annual increases in U.S. home prices
is nearing dizzying levels. The November data from the Federal Housing Finance
Agency (FHFA)
crossed into double digits for the second consecutive month while
the months numbers from S&P CoreLogic Case-Shiller U.S. National Home Price
NSA Index came close.
The Case-Shiller index,
which covers all nine U.S. census
divisions,
gained 9.5 percent compared to the previous November. The annual increase
in October was 8.4 percent. On a seasonally
adjusted monthly basis the National Index rose 1.4 percent and was 1.1 percent
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NEW YORK, Jan. 25, 2021 /PRNewswire/ Construction spending in the U.S. was $1.324 trillion in November 2019, which was 4.1% more than the $1.271 trillion in 2018, says the U.S. Census Bureau. This boom in infrastructure development activities is expected to drive the U.S. mattress market from $15,728.8 million in 2019 to $22,519.9 million in 2030, at a 3.5% CAGR between 2020 and 2030, according to the market research study published by P&S Intelligence.
In addition, the spending on residential construction in the country witnessed a 2.7% growth between 2018 and 2019. This is helping the U.S. mattress market grow, as, with the increasing sales of houses, the demand for mattresses is rising too. As per the January 2020 report of Wells Fargo, the Housing Market Index in the country witnessed an increase.
Rising Material Prices and Lot Shortages Hurt January Builder Confidence mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.