Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
David Becker


Stocks moved higher on Thursday following better than expected economic data. Yields backed up with the 10-year treasury hitting the highest level since May. The dollar rebounded pushing gold lower. All sectors in the S&P 500 index were higher, led by energy and financials, consumer staples were the worst-performing sector. US Jobless claims rose less than expected and finally broke through the 800,000 mark. US existing home sales also rose by more than expected, but tight supply also pushed up housing prices. The final presidential debate will take place in Nashville Tennesee on Thursday. This will lead to a sprint to the finish line with is 2-weeks from this past Tuesday. Currently, the markets appear to be pricing in a Biden victory, which is also reflected in the betting markets.

Know where Gold is headed? Take advantage now with 

75% of retail CFD investors lose money

Jobless Claims Rise Less than Expected

US jobless claims totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic. Expectations had been for claims to rise by 875,000. The total reflected a decline of 55,000 from the downwardly revised 842,000 in the previous week.  In addition to the substantial drop in the headline number, continuing claims also showed another hefty decline. The level of those getting benefits for at least two weeks declined by 1.02 million to 8.37 million.


Existing-Home Sales Rise By More than Expected

US Sales of existing homes rose by 9.4% in September to an annualized rate of 6.54 million units, according to the National Association of Realtors. Sales were up 20.9% annually. Prices are rising because supply is very tight. The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September. At the current sales pace that represents a 2.7-month supply. That is the lowest since the Realtors began tracking this metric in 1982. The median price of an existing home sold in September was $311,800, a 14.8% gain compared with September 2019. That is a new high for this series, dating back to 1968.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.