Gino Mok

Gino Mok

2023.02.27 4,200 to be the major resistance

Data released by the U.S. Department of Commerce showed inflation-adjusted GDP increasing 2.7% YoY during 4Q22, lower than the expected 2.9%. The GDP data showed the PCE price index increasing 3.7% YoY in the fourth quarter. The core measure that…

2023.02.20 4,200 to be the major resistance

Producer Price Index (PPI) rose 0.7% MoM, higher than market expectations of 0.4%, hitting a new high since June 2022. For the week ending 10th Feb, the MBA’s (Mortgage Bankers Association) weekly mortgage applications survey reported its Market Composite Index…

2023.02.13 4,200 to be the major resistance

According to data from the Mortgage Bankers Association’s (MBA) data, mortgage applications increased 7.4% from one week earlier for the week ending February 3. U.S. mortgage rates fell for the fifth consecutive week, with demand for purchases and refinancing both…