U.S. Homebuilder Confidence Improves For Second Straight Month In Octoberfxcue.com

(fxcue news) - With inflation gradually easing and homebuilders anticipating mortgage rates will moderate in coming months, the National Association of Home Builders released a report on Thursday showing homebuilder confidence in the U.S. improved by slightly more than expected in the month of October. The report said the NAHB/Wells Fargo Housing Market Index climbed to 43 in October after rising to 41 in September. Economists had expected the index to inch up to 42. "While housing affordability remains low, builders are feeling more optimistic about 2025 market conditions," said NAHB Chairman Carl Harris. He added, "The wild card for the outlook remains the election, and with housing policy a top tier issue for candidates, policymakers should be focused on supply-side solutions to the housing crisis." The housing market index rose for the second consecutive month amid increases by all three of the component indices. The component measuring sales expectations in the next six months showed a notable advance, jumping to 57 in October from 53 in September. The index charting current sales conditions also rose to 47 in October from 45 in September, while the gauge charting traffic of prospective buyers increased to 29 in October from 27 in September. The NAHB also said the latest HMI survey revealed that the share of builders cutting prices held steady at 32 percent in October, the same rate as last month. Meanwhile, the average price reduction returned to the long-term trend of 6 percent after dropping to 5 percent in September, the NAHB said. The Commerce Department is scheduled to release a separate repot on new residential construction in the month of September on Friday.

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Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

Spot gold operation strategy: 1. Gold rebounds 2638-2642, sell empty, stop loss 2651, target line 2588-2593; 2. Gold retraces to buy long at 2586-2593, stop loss at 2575, target at 2630-35 line;

Spot gold 2630 short, target 2618, stop loss 2635. Buy long at 2618-20, stop loss at 2612, target at 2630-40.

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U.S. Homebuilder Confidence Improves For Second Straight Month In October

Dollar Rises Against Major Counterparts

U.S. Industrial Production Dips In September Amid Boeing Strike

Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25

U.S. Homebuilder Confidence Improves For Second Straight Month In October

ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth

U.S. Retail Sales Climb 0.4% In September

U.S. Jobless Claims Unexpectedly Pull Back Off Highest Level In Over A Year

Sensex

Please sign in

Trader

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

Spot gold operation strategy: 1. Gold rebounds 2638-2642, sell empty, stop loss 2651, target line 2588-2593; 2. Gold retraces to buy long at 2586-2593, stop loss at 2575, target at 2630-35 line;

Spot gold 2630 short, target 2618, stop loss 2635. Buy long at 2618-20, stop loss at 2612, target at 2630-40.

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