Euro Leaks Lower, US Dollar Aided by Fed Hikes and Yields. Will EUR/USD Fall?
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10/06/21 10:53
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By Captainsaudi · Posted
Crypto Asset Governance Alliance Token Is a unique and community driven project that operates as a Decentralized Autonomous Organization (DAO) governed by its dedicated token holders, $CAGA. The project is focused on profitability and fostering collaboration among like-minded individuals by allowing members to stake tokens, and actively participate in decision-making processes. As a community-driven project CAGA believe its community ideas will bring the desired change in the world as such the platform prioritize transparency. All decisions, proposals, and voting results are publicly accessible on the platform and reports are publish regularly in order to maintain clarity with the community. The native token $CAGA was recently listed on several exchanges as such this double the exposure for the project and makes it the top trending token on CMC as traders and analyst try to see a good entry to grab the token due to its bullish potential and the need to add it to their portfolio. As usual DCA should be employed in grabbing this type of token and always DYOR. What do you think about CAGA? -
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Nationwide says UK house prices up again House prices recorded a second month of growth, across the UK, in November, according to the Nationwide Building Society. Jeremy Naylor | Analyst, London | Publication date: Friday 01 December 2023 12:01 At that earlier point it said that the reason for the rise was that there were fewer and fewer houses coming onto the market and with that restricted supply it was keeping up pricing across the price curve. Despite a monthly gain, prices are down 2% down on an annual basis – but this is still outperforming the expectations of economists in a poll for the Reuters news agency which had forecast a 2.5% decline. This latest report comes just days after Bank of England data showed a leap in mortgage approvals in October. UK house prices UK house prices have unexpectedly risen for the second month in a row, according to the Nationwide Building Society. In November, prices increased by 0.2%, following a 0.9% rise in October. This surprising growth can be attributed to a limited supply of homes entering the market, including both new builds and resales. Although prices are still 2% lower than last year, this is better than the anticipated drop of 2.3% that economists predicted. This news comes after the Bank of England reported a surge in mortgage approvals in October. Consequently, major housebuilding companies like Persimmon and Barrett Developments have seen significant increases in their share prices. The FTSE 350 Household Goods and Home Construction Index The positive impact on the housebuilding sector is evident in the FTSE 350 Household Goods and Home Construction Index, which includes Persimmon and Barrett Homes among other prominent builders. The index has reached levels not seen since May this year. Barclay, which will release its half-year figures next week, has also experienced substantial gains, reaching its highest price since January 2022. Redrow, another house builder, has also seen similar increases, although it is slightly below its recent peak. Taylor Wimpey, on the other hand, has reached levels not seen since May this year. Overall, the Nationwide Building Society's positive figures have had a beneficial impact on the housebuilding sector, leading to significant gains for various companies. The Bank of England's data This unexpected rise in UK house prices has defied economists' predictions, who had expected a decline. The limited supply of housing stock entering the market has contributed to the price growth. Furthermore, the Bank of England's data showing a surge in mortgage approvals during October suggests increased demand for housing. As a result, the housebuilding sector has received a boost, as seen in the significant gains in share prices for companies like Persimmon, Barrett Developments, and Barclay Homes. This positive trend has spread to other builders, including Redrow and Taylor Wimpey, which have reached levels not seen in several months. Although prices are still down compared to the previous year, the smaller decline compared to economists' predictions is seen as a positive outcome This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
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