United States MBA Mortgage Applications fell from previous 7.9% to -1.6% in April 24.United States MBA Mortgage Applications fell from previous 7.9% to -1.6% in April 24
Eurozone Economic Sentiment Slumps as Confidence Drops Across Key Sectors.Economic sentiment in Europe weakened sharply in April, with the Economic Sentiment Indicator falling from 96.7 to 93.5 in the EU and from 96.2 to 93.0 in the Eurozone. The decline marks a clear deterioration in business and consumer confidence, pushing both readings well below the long-term average of 100.
Iran's currency drops to record low level of 1.8 million rials to the dollar, ISNA reports.Iran's currency dropped to a record low of 1,810,000 rials to the U.S. dollar on Wednesday, the Iranian Student News Agency (ISNA) said, marking a fall of about 15% over the past two days.
Natural Gas News: Futures Slide as Weather Fails to Offset Inventory Glut.Natural gas futures turn bearish as inventory builds and strong supply outweigh weather support. Traders eye lower levels as June takes control of the market.
Fed and ECB Set to Wait and See.The US dollar has entered a consolidation phase ahead of the Fed and ECB meetings and the lull in the Middle East. Central banks intend to adopt a wait-and-see stance amid geopolitical uncertainty.