A deadly combination of market factors is raising doubt over the sustainability of of the past month's surge in existing-home sales, an unexpected windfall largely driven by attractive lending rates and the federal first-time buyer incentive. Couple the uncertainty of

Economic recovery in the US continues to be impeded by adjusted unemployment rates of ten to twenty percent, as well as a struggling housing market and the expectation of rising inflation. With a 110% increase of the money supply, and

The Dubai real estate market posted a strong third quarter performance driven by demand that is keeping credit accessible, and confidence that is replacing risk-aversion. While prices remain considerably below last year's level, expectations of a market turnaround are increasing.

Spiking demand, coupled with falling asking prices, has yielded an increase in third quarter transactions for US commercial real estate. This represents a second consecutive quarterly gain, which strongly suggests the start of a turnaround in the market. Transaction prices

Hong Kong real estate transactions fell last week after the Hong Kong Monetary Authority reduced the mortgage limit for properties valued at HK$21 million or more. As housing prices in Hong Kong have grown by more than 20% in the

After a difficult year, Ireland's commercial real estate market is starting to show signs of early recovery with the number of small office rental transactions increasing. While investment volumes are increasing from a low in early 2009, vacancy rates in

Fed left rates unchanged at 0-0.25% as widely expected. The wordings that rates will be kept at exceptionally low level for an "extended period" of time was practically unchanged. After all, there was nothing special from the FOMC statement. Markets

USD/CHF's fall from 1.0337 extends further in early US session and the development indicates that a short term top is in place at 1.0337 already. Deeper decline might be seen to 1.0156 and below. But still downside should be contained

USD/JPY's recovery from 89.44 extends further today and at this point, further rise might still be seen. But after all, upside is expected to be limited below 91.60. As noted before, choppy rise from 88.00 should have completed at 92.31

GBP/USD's rebound from 1.6261 extends further in early US session and at this point, intraday bias remains on the upside as long as 1.6400 minor support holds. Break of 1.6603 resistance will indicate that price actions from 1.6692 are merely

EUR/USD's rebound extends further in early US session and at this point, intraday bias remains on the upside with focus on 1.4858 resistance. Break there will indicate that fall from 1.5061 has completed and will bring stronger rally to retest

Dollar weaken sharply across the board today as Gold makes another record high of 1096 and is marching to 1100 level. Crude oil also follows by breaking 80 level too whole stocks rebounds strongly in general. ADP report showed the

Cable’s rebound from 1.6260 turned out to be stronger than expected and gain towards 1.6575/80 cannot be ruled out, however, only break of resistance at 1.6605 to signal the rise from 1.5708 has resumed for a retest of 1.6694. Looking

As dollar’s sharp retreat from 1.0338 signals the rise from 1.0033 has ended there and consolidation with mild downside bias is seen for fall towards 1.0150-56 (61.8% Fibonacci retracement of 1.0033 to 1.0338 and previous support), however, if our view

The single currency staged a strong rebound from 1.4626 and this move signal the decline from 1.5064 has formed a low there and consolidation with upside bias is seen for correction towards 1.4860, however, near term overbought condition should limit

As the greenback has continued to move higher, suggesting gain towards 91.63 is likely, however, as outlook is still consolidative, upside should be limited to 92.00 and further choppy trading below 92.33 resistance would take place, bring another retreat later,

Despite falling to 131.74 yesterday, the stronger-than-expected rebound from there suggests the c leg as well as the wave 2 from 138.49 has possibly ended at 131.01 and as long as 131.74 holds, another rise would take place but break

Although the Australian dollar has rebounded strongly after trading above support at 0.8906, as long as resistance at 0.9123 holds, consolidation with downside bias is seen for another fall but break of said support is needed to signal the decline

The Bank of England will continue to keep its policy rate at 0.5%. However, the focus of the meeting is whether the central bank will extend the asset purchase program which was increased by 25B pound to 175B pound in

As there's only one month to go for the release of a new set of staff projection in December, we will probably not get much new information from the ECB at November's meeting. Policymakers should leave the main refinancing rate