Prior +1.7%
- Market index 838.2 vs 807.8 prior
- Purchase index 301.2 vs 305.2 prior
- Refinancing index 3,949.8 vs 3,711.6 prior
- 30-year mortgage rate 3.01% vs 3.00% prior
The bulk of the surge last week was due to a jump in refinancing activity as purchases slowed down once again. Overall, this still points to the housing market holding up for the most part with rates being near all-time lows.
Further Development
Analyzing the current trading chart of EUR/USD, I found that the buyers are in control today but the overall we got the flat condition and outside range day.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Lumber and Nasdaq 100 today and on the bottom VIX and Natural Gas
Key Levels:
Resistance: 1,1770
Support levels: 1,1630 and 1,1600
