US: MBA Mortgage Applications fell 11.5%

FXstreet.com (Barcelona) - The Mortgage Bankers Association has informed that US citizens that applied for mortgage loans fell 11.5% in the week ended on May 31, lower than last week’s drop of 8.8%.

Jun 5, 2013

European equities following global indices lower

The European markets experienced a staunch decline Wednesday, with the three major indices in pullback mode following what was weak economic data earlier. Earlier today in the EMU, Gross Domestic Product s.a. (QoQ) fell -0.2% in Q1, matching expectations. Moreover, Gross Domestic Product s.a. (YoY) also shrunk -1.1% in Q1, missing estimates of -1.0%. Finally, Retail Sales (YoY) were reported at -1.1%, vs. expectations of -0.8%.

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Jun 5, 2013

USD/CAD flat around 1.0350

The USD is resuming its upside against the CAD on Wednesday, posting meagre gains around 1.0350 ahead of the ADP report due later in the US economy...

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