Asia FX sees some relief as dollar retreats; rate fears remain in play
-- Most Asian currencies crept higher on Thursday, seeing some breathing room as the dollar retreated from an over five-month peak, although fears of higher-for-longer...
-- Most Asian currencies crept higher on Thursday, seeing some breathing room as the dollar retreated from an over five-month peak, although fears of higher-for-longer...
-- Australia’s labor force shrank slightly in March following an outsized increase in the prior month, although the labor market was still relatively tight as...
The real estate sector (XLRE) has been underperforming as uncertainty surrounding potential Federal Reserve interest rate cuts weighs heavily on the industry. To provide insight into the current state of the US housing market, Fundrise CEO and Co-Founder Ben Miller and CenterSquare Senior Investment Strategist Uma Moriarity join Market Domination. Moriarity notes that shelter inflation is a significant component of the continued high inflation data, acknowledging that it is a "lagging indicator." However, she points out that "real-time shelter costs" are lower than what is being reported in inflation prints, suggesting that the fight against inflation is "trending in the right direction." With rate cuts still on the table, Moriarity believes the current high-rate environment is "providing a really good opportunity for investors today" in terms of real estate and homebuilder stocks. Echoing Moriarity's sentiment, Miller highlights that "real estate moves inversely with interest rates." While rates have peaked, he believes "there's much more room for the rates to come down." As rates decline, Miller anticipates it will provide a "huge tailwind for real estate." Additionally, he notes that the real estate sector is beginning to see a normalization, expressing optimism that the sector has "hit the bottom," which could present a favorable buying opportunity for investors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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- The U.S. dollar drifted lower in early European trade Wednesday, dropping from recent highs, while sterling rose in the wake of the U.K. inflation rate slowing by...
On Wednesday, financial institution ING provided insights into the New Zealand Dollar's (NZD) potential trajectory following the country's latest consumer price index (CPI) data....
On Wednesday, ING, a prominent financial institution, revised its forecast for the US dollar, citing persistent inflation in the United States as a key factor driving a broad...