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Tag: year-over-year

Existing home sales up 1.2% in October

(The Center Square) Sales of existing homes climbed 1. 2% in October, according to a report released Thursday by the National Association of Realtors. The 1. 2% increase in existing-home sales is equal to a seasonally adjusted annual rate of 4. 10 million in October. Unsold inventory dropped 0. 7% to 1. 52 million units. That’s equal to 4. 4 [.].

South Korean Crypto Exchanges Face Earnings Pressure Amid Bitcoin Price Slump

The post South Korean Crypto Exchanges Face Earnings Pressure Amid Bitcocom. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → South Korean crypto exchanges like Upbit and Bithumb are facing significant earnings pressure due to a sharp market decline that has reduced trading volumes. This follows a strong third quarter with record profits from surging crypto prices, but recent drops in Bitcoin below $95,000 and investor caution from global tensions are stalling recovery. Trading volumes on Upbit and Bithumb fell to $1. 88 billion daily average in early November, the lowest since January 2025. Exchanges reported massive Q3 gains, with Upbit’s operating profits up 180% to 235. 3 billion won. Over 391 new tokens listed by top Korean exchanges in 2025, a 47% increase, aiming to boost engagement amid weak markets. South Korean crypto exchanges earnings pressure mounts as trading volumes plummet amid market slump. Discover impacts on Upbit, Bithumb, and strategies for sustainability. Stay informed on crypto volatility-read now! What is causing earnings pressure for South Korean crypto exchanges? South Korean crypto exchanges are under intense earnings pressure primarily due to a dramatic decline in trading volumes following a market downturn. After a booming third quarter driven by rising digital.

New Zealand Dollar drifts lower below 0.5650 as China’s Trade Surplus narrows in October

The post New Zealand Dollar drifts lower below 0. 5650 as China’s Trade Surplus narrows com. The NZD/USD pair attracts some sellers near 0. 5620 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after a narrowing of China’s trade surplus in October and a weak New Zealand jobs report. Traders brace for the flash U-Mich Consumer Sentiment survey later on Friday. Data released by the General Administration of Customs of the People’s Republic of China on Friday showed that China’s trade surplus came in at $90. 07 billion in October versus $90. 45 billion prior. This figure came in below the forecast of $95. 60 billion. Meanwhile, Exports rose by 1. 1% year-over-year in October, missing expectations for a 3. 0% gain. Imports increased 1. 0% year-over-year in October, compared to 7. 4% in September, below the market consensus of 3. 2%. A narrowing of China’s trade surplus in October could weigh on the China-proxy Kiwi, as China is a major trading partner for New Zealand. Additionally, New Zealand’s Unemployment Rate climbed to 5. 3% in the third quarter (Q3), the highest level since 2016. The weak jobs report sealed the case for a rate cut from the Reserve Bank of New Zealand (RBNZ) this month, which exerted some selling pressure on the NZD. Most economists expect another 25 basis points (bps) reduction at the final meeting of the year on November 26. US Challenger jobs data indicated a spike in US job cuts, suggesting a possible cooling in US labor market conditions. The Challenger report showed that companies cut over 150, 000 jobs in October, marking the biggest reduction for the month in more than 20 years. Traders ramped up bets on a rate cut following US Challenger jobs data, which weighed on the Greenback against the NZD. Trading in Fed funds futures implies a 70% possibility of a reduction at the US central bank’s next meeting, up from a 62% probability a day.