Italy will host a Libya conference that starts on Monday and aims to push forward a new U.N. plan to stabilize the troubled North African country after a initiative to hold elections next month failed.
Reported by Reuters 1 hour ago.
Italy hosts Libya conference to push new U.N. peace plan
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British and Italian lenders struggle in EU banking stress test
The European Banking Authority (EBA) has published results of a stress test it ran on major lenders from the EU and Norway, showing that a clutch of British banks and two lenders from Italy fared worst.
Reported by Deutsche Welle 3 minutes ago.
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USMNT Calls Jonathan Klinsmann, Jurgen's Son, Into Camp for Friendlies
The 21-year-old Hertha Berlin goalkeeper joins the U.S. ahead of friendlies vs. England and Italy.
Reported by SI.com 9 hours ago.
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Italy boss Mancini keen to work with 'incredibly gifted' Tonali
The Brescia midfielder has been called up for his country's double header against Portugal and the United States
Reported by Goal.com 9 hours ago.
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Joe Giudice of 'RHONJ' appeals deportation order, lawyer 'optimistic' he will stay in U.S.
Giudice's prison term is up in March, but in October, a judge ordered that he be deported to Italy.
Reported by NJ.com 9 hours ago.
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EUR/JPY slumps to new 10-day low below 128
· *Weak market sentiment helps JPY gather strength on Monday.*
· *Italy's budget crisis keep investors away from the euro.*
After spending the Asian session in a tight range near 129, the EUR/JPY lost more than 100 pips on Monday and fell to its lowest level of the month at 127.82. As of writing, the pair was trading at 127.95, losing 0.7% on a daily basis.
The uncertainty surrounding the potential negative impact of the EU's response to Italy's 2019 budget proposal on the euro area economy continues to weigh on the shared currency. Earlier today, Italy's deputy Prime Minister Luigi Di Maio argued that the only way to respect EU parameters was to make a “suicidal budget law” that would cause a recession. Additionally, while speaking at an event in Germany, “Extending the macro-prudential framework to the asset management sector and developing policy tools to address emerging risks will be important. Italy is the main prominent case at the moment,” ECB Vice President Luis de Guindos said.
Commenting on the effect of Italian politics on the shared currency, "Italy may be part of the EU but its budget dispute it treating the EURUSD like the lira of old. The EURUSD is down 8.2% against the dollar since the Italian election on March 4th and 3.6% since the formation of the current League/5 Star government," Joseph Trevisani, a senior analyst at FXStreet, said.
On the other hand, the risk-off mood as reflected by the dismal performance of global equity indexes on Monday boosts the demand for safe-haven currencies such as the JPY and forced the pair to extend its fall.
*Technical outlook*
The pair could face the first technical support at 127.80 (daily low) ahead of 127.25 (Oct. 29 low) and 126.60 (Oct. 26 low). On the upside, resistances align at 129.20 (daily high), 130.00 (psychological level) and 130.50 (Oct. 12 high). Reported by FXstreet.com 9 hours ago.
· *Italy's budget crisis keep investors away from the euro.*
After spending the Asian session in a tight range near 129, the EUR/JPY lost more than 100 pips on Monday and fell to its lowest level of the month at 127.82. As of writing, the pair was trading at 127.95, losing 0.7% on a daily basis.
The uncertainty surrounding the potential negative impact of the EU's response to Italy's 2019 budget proposal on the euro area economy continues to weigh on the shared currency. Earlier today, Italy's deputy Prime Minister Luigi Di Maio argued that the only way to respect EU parameters was to make a “suicidal budget law” that would cause a recession. Additionally, while speaking at an event in Germany, “Extending the macro-prudential framework to the asset management sector and developing policy tools to address emerging risks will be important. Italy is the main prominent case at the moment,” ECB Vice President Luis de Guindos said.
Commenting on the effect of Italian politics on the shared currency, "Italy may be part of the EU but its budget dispute it treating the EURUSD like the lira of old. The EURUSD is down 8.2% against the dollar since the Italian election on March 4th and 3.6% since the formation of the current League/5 Star government," Joseph Trevisani, a senior analyst at FXStreet, said.
On the other hand, the risk-off mood as reflected by the dismal performance of global equity indexes on Monday boosts the demand for safe-haven currencies such as the JPY and forced the pair to extend its fall.
*Technical outlook*
The pair could face the first technical support at 127.80 (daily low) ahead of 127.25 (Oct. 29 low) and 126.60 (Oct. 26 low). On the upside, resistances align at 129.20 (daily high), 130.00 (psychological level) and 130.50 (Oct. 12 high). Reported by FXstreet.com 9 hours ago.
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Weston McKennie's Hunger Ranges from Finding Tastes of Home to Seizing Opportunity
When he's not seeking out a taste of home or showing his versatility for his club, Weston McKennie eyes opportunity, and more is on the way in the U.S. men's national team's friendlies vs. England and Italy.
Reported by SI.com 6 hours ago.
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Italy: New budget draft may include growth forecast downgrades - ING
"Tomorrow is the deadline for the Italian government to submit a revised draft budget to the EU Commission," note ING analysts.
*Key quotes*
"We don't expect the government to amend its 2.4% deficit/GDP target, often considered as the unmovable political standpoint. However, on the back of poor data releases, we believe the new draft might include less optimistic GDP projections and/or the inclusion of automatic spending cuts to ensure that the 2.4% target is an absolute maximum."
"This would be a small signal of flexibility towards softening the confrontational stance towards the EU, in an environment where the Italian government is being increasingly isolated within the EU Council." Reported by FXstreet.com 7 hours ago.
*Key quotes*
"We don't expect the government to amend its 2.4% deficit/GDP target, often considered as the unmovable political standpoint. However, on the back of poor data releases, we believe the new draft might include less optimistic GDP projections and/or the inclusion of automatic spending cuts to ensure that the 2.4% target is an absolute maximum."
"This would be a small signal of flexibility towards softening the confrontational stance towards the EU, in an environment where the Italian government is being increasingly isolated within the EU Council." Reported by FXstreet.com 7 hours ago.
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EUR/USD prints fresh 16-month lows below 1.1240
· *EUR/USD remains under pressure, still looking for a new support level. *
· *Euro heads for third daily loss in-a-row and lowest close since June 2017.*
The EUR/USD pair dropped further during the US session after the recovery found resistance at 1.1280. The euro fell to 1.1234, reaching a fresh low. It was trading around the lows, under pressure.
The bias points to the downside as the euro remains affected by Brexit concerns and amid mounting tensions regarding Italy’s budget. There are no signals that Italy will present a new budget to the European Commission tomorrow. “Italy may be part of the EU but its budget dispute it treating the #EURUSD like the lira of old. The EUR/USD is down 8.2% against the dollar since Italian election on March 4th and 3.6% since the formation of the current League/5 Star government”, said Joseph Trevisani, Senior Analyst at FXStreet.
The greenback continues to be among the strongest currencies supported by Federal Reserve rate hike expectations and the negative sentiment around financial markets. Today the DXY rose to the highest level in 17 months above 97.30.
*EUR/USD Technical outlook *
“Technical readings in the 4 hours chart favor a bearish continuation for the upcoming sessions, as indicators in the mentioned chart maintain their downward slopes within oversold readings, while the 20 SMA accelerated below the larger ones far above the current level. The daily low is the immediate support, with a break below it opening doors for a downward continuation to 1.1186, June 2017 monthly low,” explained Valeria Bednarik, Chief Analyst at FXStreet.
The immediate short-term resistance below daily lows is seen around 1.1275 while Bednarik notes that advances could be considered corrective as long as the price remains now below 1.1335. Reported by FXstreet.com 7 hours ago.
· *Euro heads for third daily loss in-a-row and lowest close since June 2017.*
The EUR/USD pair dropped further during the US session after the recovery found resistance at 1.1280. The euro fell to 1.1234, reaching a fresh low. It was trading around the lows, under pressure.
The bias points to the downside as the euro remains affected by Brexit concerns and amid mounting tensions regarding Italy’s budget. There are no signals that Italy will present a new budget to the European Commission tomorrow. “Italy may be part of the EU but its budget dispute it treating the #EURUSD like the lira of old. The EUR/USD is down 8.2% against the dollar since Italian election on March 4th and 3.6% since the formation of the current League/5 Star government”, said Joseph Trevisani, Senior Analyst at FXStreet.
The greenback continues to be among the strongest currencies supported by Federal Reserve rate hike expectations and the negative sentiment around financial markets. Today the DXY rose to the highest level in 17 months above 97.30.
*EUR/USD Technical outlook *
“Technical readings in the 4 hours chart favor a bearish continuation for the upcoming sessions, as indicators in the mentioned chart maintain their downward slopes within oversold readings, while the 20 SMA accelerated below the larger ones far above the current level. The daily low is the immediate support, with a break below it opening doors for a downward continuation to 1.1186, June 2017 monthly low,” explained Valeria Bednarik, Chief Analyst at FXStreet.
The immediate short-term resistance below daily lows is seen around 1.1275 while Bednarik notes that advances could be considered corrective as long as the price remains now below 1.1335. Reported by FXstreet.com 7 hours ago.
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Jonathan Klinsmann added to US roster vs England, Italy
Jonathan Klinsmann, the son of former American coach Jurgen Klinsmann, added to US roster for exhibition games against England and Italy and could make his national team debut
Reported by USATODAY.com 6 hours ago.
Reported by USATODAY.com 6 hours ago.
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USD/RUB: Bullish signals, initial target at 68.40 - Rabobank
Analysts at Rabobank, point out the USD/RUB broke above a key resistance and pivot level at 67.00, giving positive signals for the US dollar.
Key Quotes:
“Essentially, current global environment is not conducive for risky assets and favours the US dollar.”
“After forming an important base around the 1170 level, the Bloomberg Dollar Index regained upside momentum in September (wave I) and produced even stronger gains in October (wave III) followed by a corrective move lower at the beginning of November (wave IV) (...) Unless we witness a sharp pullback, there is scope for the dollar to extend its gains towards the Fibonacci 76.4% retracement at 1240.46 in the coming weeks/months. Such a bullish scenario technical scenario - underpinned by widening in the interest rate differentials (as the Fed continues to hike at the time when other major banks are reluctant to do so), the trade war, concerns about Brexit and fiscal policies in Italy - does not bode well for the CEEMEA currencies.”
“Gains in oil are not sufficiently high to expect USD/RUB to reverse its bullish breakout above technical pivot at 67.0939 last week. The initial target is set around 68.40 before the September high at 70.8422 comes into focus should the dollar maintains its bullish momentum.” Reported by FXstreet.com 6 hours ago.
Key Quotes:
“Essentially, current global environment is not conducive for risky assets and favours the US dollar.”
“After forming an important base around the 1170 level, the Bloomberg Dollar Index regained upside momentum in September (wave I) and produced even stronger gains in October (wave III) followed by a corrective move lower at the beginning of November (wave IV) (...) Unless we witness a sharp pullback, there is scope for the dollar to extend its gains towards the Fibonacci 76.4% retracement at 1240.46 in the coming weeks/months. Such a bullish scenario technical scenario - underpinned by widening in the interest rate differentials (as the Fed continues to hike at the time when other major banks are reluctant to do so), the trade war, concerns about Brexit and fiscal policies in Italy - does not bode well for the CEEMEA currencies.”
“Gains in oil are not sufficiently high to expect USD/RUB to reverse its bullish breakout above technical pivot at 67.0939 last week. The initial target is set around 68.40 before the September high at 70.8422 comes into focus should the dollar maintains its bullish momentum.” Reported by FXstreet.com 6 hours ago.
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Market wrap: US equities trade heavily, GBP/USD worst performer - Westpac
In a market wrap, analysts at Westpac explained that after Asian equity markets mostly closed higher, sentiment soured in Europe. US bonds were closed for Veterans Day but equities were open and traded heavily, especially tech stocks.
*Key Quotes:*
"The main focus was concern over weaker demand for iPhones, with Apple sliding, though President Trump tweeted that, “The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!”
EUR/USD was one of the worst performers, falling from 1.1325 to 1.1239 – a low since June 2017 – amid concerns the Italian budget impasse could escalate. Tensions remain into today’s deadline on responses to EU’s rejection of the initial budget proposals (not only for Italy) while the Italian government continues to hold staunchly to their proposals.
AUD/USD followed the broad USD moves, slipping from 0.7235 in the Sydney afternoon to 0.7190. NZD/USD was volatile but overall only slightly lower, around 0.6725. AUD/NZDthus fell further, from 1.0720 to 1.0677 – the lowest since June.
GBP/USD was the worst performer, falling from 1.2950 to 1.2828. There were further negative official and media comments over lack of potential for a breakthrough this week, amid increased political tension within May’s minority government. On a strong day for the US dollar, the safe-haven yen held its ground, net flat over the day at 113.80, though spent some time above 114." Reported by FXstreet.com 5 hours ago.
*Key Quotes:*
"The main focus was concern over weaker demand for iPhones, with Apple sliding, though President Trump tweeted that, “The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!”
EUR/USD was one of the worst performers, falling from 1.1325 to 1.1239 – a low since June 2017 – amid concerns the Italian budget impasse could escalate. Tensions remain into today’s deadline on responses to EU’s rejection of the initial budget proposals (not only for Italy) while the Italian government continues to hold staunchly to their proposals.
AUD/USD followed the broad USD moves, slipping from 0.7235 in the Sydney afternoon to 0.7190. NZD/USD was volatile but overall only slightly lower, around 0.6725. AUD/NZDthus fell further, from 1.0720 to 1.0677 – the lowest since June.
GBP/USD was the worst performer, falling from 1.2950 to 1.2828. There were further negative official and media comments over lack of potential for a breakthrough this week, amid increased political tension within May’s minority government. On a strong day for the US dollar, the safe-haven yen held its ground, net flat over the day at 113.80, though spent some time above 114." Reported by FXstreet.com 5 hours ago.
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Klinsmann added to USMNT roster for England and Italy friendlies
The Hertha Berlin goalkeeper has been named as a replacement for Zack Steffen, who missed out with injury
Reported by Goal.com 5 hours ago.
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Forex today: Dollar rallies to fresh high and cable takes a beating
· *Forex today was volatile in the absence of full markets during the North American session with the dollar hitting a fresh high and cable being the worst performer.*
· *The USD retained its stronger tone against the euro as anxiety about the outcomes of the Brexit negotiations and Italian budget talks with the EU weighed. *
Analysts at ANZ noted that Equity markets were pressured by the uncertainty and the ongoing backdrop of Fed policy tightening:
"The DAX closed off 1.8%, the CAC 40 down 0.9% and FTSE 100 off 0.7%. At the time of writing, the S&P500 was off 1.4% and Nasdaq down 2.4%, with signs of weak iPhone demand weighing on tech stocks (Apple -4.2%). The US Treasury market was closed for Veterans Day. Oil rebounded as the market continues to digest production cuts, with WTI up 0.7% at USD60.6/bbl. Gold is currently down 0.6% to USD1202.8/oz."
*Currency action:*
EUR/USD has been extending losses throughout an illiquid North American session due to veteran's day falling from 1.1325 to 1.1239, a low since June 2017 amid concerns the Italian budget impasse could escalate. As analysts at Westpac noted, "tensions remain into today’s deadline on responses to EU’s rejection of the initial budget proposals (not only for Italy) while the Italian government continues to hold staunchly to their proposal." The markets chopped the euro down to size all the way through the pivot line at 1.1258 while the greenback made fresh highs to 97.69 in the DXY. Cable was down at 1.2827 in European trade but was rallying higher to 1.2936 before falling back to 1.2843 on conflicting Brexit headlines. There is still no breakthrough and political tension within May’s minority government continue to weigh on the prospects of a Brexit deal being passed through Parliament. EUR/GBP was volatile and was falling from 0.8774 to a low of 0.8709 on negative sentiment over Italy before rallying back to 0.8758 and then back to 0.9729. USD/JPY slipped from the 114 handle despite a strong dollar. USD/JPY was up at 114.20 before falling to a low of 113.66 while the US 10yr treasury futures implied yields fell from 3.18% to 3.15%. Fed fund futures yields continued to price the chance of another rate hike in December at 75% - (Bond market was closed). AUD/USD was caught up in the progress in the greenback and fell to a low of 0.7171.
*Key notes** from overnight:*
*BREXIT deadlines: will a November Summit will occur? - ANZ*
*Key events ahead:*
*Key risks: Aussie busy week kicks off today - Westpac*
Reported by FXstreet.com 2 hours ago.
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Bill Poulos, Founder of Profits Run, Sheds Light on Why We Celebrate Veterans Day as He Reminds Traders Which Markets are Closed for the Federal Holiday
Bill Poulos, President and Co-Founder of Profits Run Inc., shed light into why we have Veterans day and how capitalism correlates with its celebration. This announcement comes as Poulos reminds traders which markets were closed today, in observance of the Federal holiday.
WIXOM, Mich. (PRWEB) November 12, 2018
Bill Poulos, President of Profits Run, Inc., today shed light into the history of Veterans day and how capitalism plays a role in its celebration. Poulos revealed this as he reminded traders which markets are closed in observance of the federal holiday. Today, Poulos shared, “This is a reminder to all traders and investors that Veterans Day was Sunday, November 11th but it is being observed today, Monday, November 12th. In light of the federal holiday today, the bond markets are closed however the stock market currency markets and other futures markets are all open.”
Yesterday, Sunday, November 11, 2018 was Veterans Day. In observance of Veterans Day, today (November 12, 2018) is a federal holiday. Originally called Armistice Day but later renamed Veterans Day (1954), the day is reserved to honor US military veterans. It is observed annually on the 11th of November. The date signifies the formal end of major hostilities during World War I—the Armistice with Germany went into effect on November 11th, at the 11th hour.
Profits Run’s president continued, “I'd like to take this opportunity to talk about why we celebrate Veterans Day. For most it's quite obvious, we are honoring the service of our veterans who have kept our country safe from all enemies throughout the years—whether it be the current generation or past generations. It was the greatest generation's veterans that saved the world from certain tyranny and changed the course of history. They did so against all odds, prevailing over the German war machine in the European Theater and the Japanese war machine in the Pacific Theater. Britain was on its knees, down for the count, when Winston Churchill literally begged Franklin Roosevelt to come to Britain's aid. Roosevelt turned him down initially but eventually found a way, called the lend lease program, to buy time for Britain until the US entered the war.”
Poulos went on to conclude, “In the ensuing four years, the United States out produced Germany, Japan, and Italy combined. Building tanks, planes, vehicles of all types, and ships of all types—which enabled our courageous veterans to swing the tide of the war and emerge victorious in both Europe and Asia. Most people don't realize that the United States was able to do that because of our free capitalistic economy which was so strong, so powerful it could convert the means of production to the war effort—almost overnight. Hitler and the Japanese generals were completely taken by surprise. They had no idea the United States had that sort of economic and manufacturing capability. So, on this Veterans Day I would encourage everyone, especially traders and investors, to understand that it was capitalism that enabled our veterans to save the world from certain tyranny.”
Bill Poulos is a published author, humanitarian, and veteran investor. He has been trading since the 1970s. Bill is president of Profits Run, Inc. He started the company with his son, Greg Poulos, from the Poulos family kitchen table. Poulos earned his MBA with a degree in finance from the University of Michigan. He earlier obtained his bachelor’s in engineering from GMI (General Motors Institute). Poulos worked as an executive for General Motors for many years, only after working his way up through the ranks from starting out as a student. Poulos is a regular contributor on Investing.com and wrote the book “Poulos' Simple Options Trading For Beginners: How to trade options from A to Z explained in plain English”. He and his wife of over 48 years reside in Michigan. Together they have 3 grown sons and 2 grandchildren.
About Profits Run, Inc.
Profits Run is headquartered in Wixom, Michigan. The family run business was established by the father son pair, Bill and Gregory Poulos, in 2001. The publishing company offers products and information on how individuals can use more simple trading techniques to invest, while implementing proper risk management. Profits Run gained its name from a popular saying amongst traders, “Cut your losses and let your profits run.” Reported by PRWeb 30 minutes ago.
WIXOM, Mich. (PRWEB) November 12, 2018
Bill Poulos, President of Profits Run, Inc., today shed light into the history of Veterans day and how capitalism plays a role in its celebration. Poulos revealed this as he reminded traders which markets are closed in observance of the federal holiday. Today, Poulos shared, “This is a reminder to all traders and investors that Veterans Day was Sunday, November 11th but it is being observed today, Monday, November 12th. In light of the federal holiday today, the bond markets are closed however the stock market currency markets and other futures markets are all open.”
Yesterday, Sunday, November 11, 2018 was Veterans Day. In observance of Veterans Day, today (November 12, 2018) is a federal holiday. Originally called Armistice Day but later renamed Veterans Day (1954), the day is reserved to honor US military veterans. It is observed annually on the 11th of November. The date signifies the formal end of major hostilities during World War I—the Armistice with Germany went into effect on November 11th, at the 11th hour.
Profits Run’s president continued, “I'd like to take this opportunity to talk about why we celebrate Veterans Day. For most it's quite obvious, we are honoring the service of our veterans who have kept our country safe from all enemies throughout the years—whether it be the current generation or past generations. It was the greatest generation's veterans that saved the world from certain tyranny and changed the course of history. They did so against all odds, prevailing over the German war machine in the European Theater and the Japanese war machine in the Pacific Theater. Britain was on its knees, down for the count, when Winston Churchill literally begged Franklin Roosevelt to come to Britain's aid. Roosevelt turned him down initially but eventually found a way, called the lend lease program, to buy time for Britain until the US entered the war.”
Poulos went on to conclude, “In the ensuing four years, the United States out produced Germany, Japan, and Italy combined. Building tanks, planes, vehicles of all types, and ships of all types—which enabled our courageous veterans to swing the tide of the war and emerge victorious in both Europe and Asia. Most people don't realize that the United States was able to do that because of our free capitalistic economy which was so strong, so powerful it could convert the means of production to the war effort—almost overnight. Hitler and the Japanese generals were completely taken by surprise. They had no idea the United States had that sort of economic and manufacturing capability. So, on this Veterans Day I would encourage everyone, especially traders and investors, to understand that it was capitalism that enabled our veterans to save the world from certain tyranny.”
Bill Poulos is a published author, humanitarian, and veteran investor. He has been trading since the 1970s. Bill is president of Profits Run, Inc. He started the company with his son, Greg Poulos, from the Poulos family kitchen table. Poulos earned his MBA with a degree in finance from the University of Michigan. He earlier obtained his bachelor’s in engineering from GMI (General Motors Institute). Poulos worked as an executive for General Motors for many years, only after working his way up through the ranks from starting out as a student. Poulos is a regular contributor on Investing.com and wrote the book “Poulos' Simple Options Trading For Beginners: How to trade options from A to Z explained in plain English”. He and his wife of over 48 years reside in Michigan. Together they have 3 grown sons and 2 grandchildren.
About Profits Run, Inc.
Profits Run is headquartered in Wixom, Michigan. The family run business was established by the father son pair, Bill and Gregory Poulos, in 2001. The publishing company offers products and information on how individuals can use more simple trading techniques to invest, while implementing proper risk management. Profits Run gained its name from a popular saying amongst traders, “Cut your losses and let your profits run.” Reported by PRWeb 30 minutes ago.
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Trilobites: Ancient Cycle of Italy’s Volcanic Giant Seems to End in a Large Eruption
Campi Flegrei has been curiously eruption-free since 1538. New research unspooled 60,000 years of its history with an eye on what it will do in the future.
Reported by NYTimes.com 1 day ago.
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Larry Brown’s Senior Year Abroad
Brown’s renowned wanderlust carried him to 15 coaching jobs in a five-decade career. His latest post is in Italy, and, so far, it hasn’t been easy.
Reported by NYTimes.com 1 day ago.
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Milan Winger Suso Confirms Rumoured Real Madrid Interest But Insists He's Happy in Italy
Reported by SI.com 1 day ago.
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HomeAway 2019 Trend Report reveals the super sizing of American vacations and Gen Z’s emerging travel habits
HomeAway®, the pioneer in vacation rentals, combed its data to reveal the 2019 Trend Report, fresh with insights into where and how Americans will travel in the year to come.
AUSTIN, Texas (PRWEB) November 14, 2018
It’s no small thing: Super-sizing is taking hold in American vacationing. HomeAway®, the site travelers use to book beach houses, cabins and condos, analyzed data to find demand for castles and estates up by 55 percent and 25 percent[1], respectively. HomeAway’s data also painted a picture of how an adult-ing Generation Z, whose members now top out at age 24, likes to get away from it all: in cities, with their friends rather than traveling with immediate family or opting to go at it alone[2].
The findings are among highlights of the HomeAway 2019 Trend Report, fresh with data-driven insights into where and how Americans will travel in the year to come, based on 2018 HomeAway vacation rental demand and other data.
As for where Americans will vacation in 2019, Hocking Hills, southwest of Columbus, Ohio, and home to a stunning state park, ranked a surprising number one among fastest-growing destinations. Meanwhile, Florida reigns supreme when it comes to favorite places to stay, with homes in Lake Buena Vista and Davenport, both a stone’s throw from Walt Disney World, taking honors as HomeAway’s most-booked and “most-hearted” properties, respectively[3].
“What is so striking about this year’s findings are the generational differences they reveal, and their implications for vacationing and vacation home rental activity for years to come,” said Melanie Fish, HomeAway travel expert. “For one, more than three quarters of these newly independently vacationing Gen Z’ers have already stayed in a vacation home, cabin or condo at some point in their lives, making them far likelier than their parents to consider vacation rentals a primary lodging option as they continue to mature.”
The full report is available at http://hmwy.co/HomeAwayTrendReport2019. Among its highlights:
Bigger Homes for Bigger Value Seekers. Savvy planners are learning that bigger homes can dramatically lower the cost of vacation lodging. Case in point: This California Wine Country estate (HomeAway Property 3503092) sleeps 10 for only $67.88 per person, per night[4].
Head for the (Hocking) Hills: Up-and-Coming Destinations. HomeAway spotted places where demand for vacation rental homes grew dramatically over the past year:· Hocking Hills, Ohio (rental demand up more than 130 percent): home to one of the country’s most stunning state parks, and up a staggering 375 percent over the past three years.
· Newton County, Ark. (rental demand up 130 percent): gateway to the Insta-worthy Ozark National Forest and home to a grand canyon all its own.
· Loudoun County, Va. (rental demand up 105 percent): surprisingly awash in wineries, just in the shadow of the nation’s capital. (Napa, watch your back.)
Go with the Flow: Top Vacation Destinations[5].
· Domestic (top five locations, in descending order): Gatlinburg and Pigeon Forge, Tenn.; Gulf Shores, Ala.; Panama City Beach, Fla.; Miramar and Rosemary Beach, Fla.; Maui, Hawaii
· International (top five locations, in descending order): Paris, France; Puerto Penasco, Mexico; London, England; Rome, Italy; Florence, Italy
Most-Desired Vacation Home Feature. – Swimming pools.
Room for All. The number of beds available in homes across all HomeAway rental sites can now accommodate the entire population of New York City[6].
About HomeAway
HomeAway, based in Austin, Texas, is a leading online marketplace for the vacation rental industry with sites representing more than two million unique places to stay in 190 countries, and is a part of the Expedia Group family of brands. For more information about HomeAway, please visit http://www.homeaway.com.
© 2018 HomeAway. All rights reserved. HomeAway and the HomeAway logo are trademarks of HomeAway. All other trademarks are property of their respective owners.
[1] HomeAway vacation rental demand, September 1, 2016- August 31, 2017 vs. September 1, 2017-August 31, 2018.
[2] HomeAway Travel Planning and Brands Survey, February 2018
[3] HomeAway stay reviews and vacation rental demand, September 1, 2016-August 31, 2017 vs. September 1, 2017-August 31, 2018
[4] Per person per night cost based on a stay March 25-29, 2019.
[5] HomeAway vacation home demand for the 12-month period ending Aug. 31, 2018
[6] Internal HomeAway Data Reported by PRWeb 1 day ago.
AUSTIN, Texas (PRWEB) November 14, 2018
It’s no small thing: Super-sizing is taking hold in American vacationing. HomeAway®, the site travelers use to book beach houses, cabins and condos, analyzed data to find demand for castles and estates up by 55 percent and 25 percent[1], respectively. HomeAway’s data also painted a picture of how an adult-ing Generation Z, whose members now top out at age 24, likes to get away from it all: in cities, with their friends rather than traveling with immediate family or opting to go at it alone[2].
The findings are among highlights of the HomeAway 2019 Trend Report, fresh with data-driven insights into where and how Americans will travel in the year to come, based on 2018 HomeAway vacation rental demand and other data.
As for where Americans will vacation in 2019, Hocking Hills, southwest of Columbus, Ohio, and home to a stunning state park, ranked a surprising number one among fastest-growing destinations. Meanwhile, Florida reigns supreme when it comes to favorite places to stay, with homes in Lake Buena Vista and Davenport, both a stone’s throw from Walt Disney World, taking honors as HomeAway’s most-booked and “most-hearted” properties, respectively[3].
“What is so striking about this year’s findings are the generational differences they reveal, and their implications for vacationing and vacation home rental activity for years to come,” said Melanie Fish, HomeAway travel expert. “For one, more than three quarters of these newly independently vacationing Gen Z’ers have already stayed in a vacation home, cabin or condo at some point in their lives, making them far likelier than their parents to consider vacation rentals a primary lodging option as they continue to mature.”
The full report is available at http://hmwy.co/HomeAwayTrendReport2019. Among its highlights:
Bigger Homes for Bigger Value Seekers. Savvy planners are learning that bigger homes can dramatically lower the cost of vacation lodging. Case in point: This California Wine Country estate (HomeAway Property 3503092) sleeps 10 for only $67.88 per person, per night[4].
Head for the (Hocking) Hills: Up-and-Coming Destinations. HomeAway spotted places where demand for vacation rental homes grew dramatically over the past year:· Hocking Hills, Ohio (rental demand up more than 130 percent): home to one of the country’s most stunning state parks, and up a staggering 375 percent over the past three years.
· Newton County, Ark. (rental demand up 130 percent): gateway to the Insta-worthy Ozark National Forest and home to a grand canyon all its own.
· Loudoun County, Va. (rental demand up 105 percent): surprisingly awash in wineries, just in the shadow of the nation’s capital. (Napa, watch your back.)
Go with the Flow: Top Vacation Destinations[5].
· Domestic (top five locations, in descending order): Gatlinburg and Pigeon Forge, Tenn.; Gulf Shores, Ala.; Panama City Beach, Fla.; Miramar and Rosemary Beach, Fla.; Maui, Hawaii
· International (top five locations, in descending order): Paris, France; Puerto Penasco, Mexico; London, England; Rome, Italy; Florence, Italy
Most-Desired Vacation Home Feature. – Swimming pools.
Room for All. The number of beds available in homes across all HomeAway rental sites can now accommodate the entire population of New York City[6].
About HomeAway
HomeAway, based in Austin, Texas, is a leading online marketplace for the vacation rental industry with sites representing more than two million unique places to stay in 190 countries, and is a part of the Expedia Group family of brands. For more information about HomeAway, please visit http://www.homeaway.com.
© 2018 HomeAway. All rights reserved. HomeAway and the HomeAway logo are trademarks of HomeAway. All other trademarks are property of their respective owners.
[1] HomeAway vacation rental demand, September 1, 2016- August 31, 2017 vs. September 1, 2017-August 31, 2018.
[2] HomeAway Travel Planning and Brands Survey, February 2018
[3] HomeAway stay reviews and vacation rental demand, September 1, 2016-August 31, 2017 vs. September 1, 2017-August 31, 2018
[4] Per person per night cost based on a stay March 25-29, 2019.
[5] HomeAway vacation home demand for the 12-month period ending Aug. 31, 2018
[6] Internal HomeAway Data Reported by PRWeb 1 day ago.
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EUR/USD: Battles towards 50% Fibo despite blatant risks, but sentiment could be turning again for the dollar
· *Despite most risk assets turning lower, EUR/USD has been better bid on Wednesday in both European and US markets although falling short of the 50% retracement of Nov 7th decline from 1.1499.*
· *EUR/USD has been tracking the dollar's and weakness and US yields in decline despite in-line CPI and the largest increase in 9 months and a negative German GDP print.*
· *EUR/USD is trading like a derivative of sterling and Brexit headlines. *
EUR/USD, for the most part, has traded around dollar and sterling flows on Wednesday. The single unit managed to hold in the positive territory within its comeback from the 1.1215 lows, rising to a recent high of 1.1341 as the dollar falls over from the 97.40s double top area down to 96.77.
The single unit has held on despite the bad news from both Germany and Italy. Firstly, the German economy, the euro zone's core, had contracted in the third quarter for the first time since 2015. However, some of the weakness may just be temporary where a disruption to car manufacturing (related to new emissions tests) has weighed. Overall, the second read on Eurozone Q3 GDP was confirmed at 0.2% q/q, inline with the market's expectation at 0.2%; (last: 0.2%). Italy's print, on the other hand, came in at 0.0%; And that's not all, (nor was it a surprise), Italy’s populist government defiantly refused to bow to EU demands to change its big-spending budget for next year and are sticking to their deficit target which was hitting bonds and BTP futures with interior minister Matteo Salvini declaring on Wednesday: “We won’t budge a millimetre.”
*Politics, politics and, well, more politics*
· *EU's Barnier: Brexit deal brings legal certainty on consequences of Brexit*
Sticking with politics, it was all about Brexit in the main and at the time of writing, EU's Barnier is speaking at a press conference following the Brexit deal crossing the finish line with the UK Cabinet's approval of PM May's draft deal, saying that the backstop is not meant to be used. The EU has said that the UK and EU will access each other's markets on a basis of equivalence.
*US dollar losing its footing again*
· *US: Inflation allows the Fed to continue raising rates gradually - RBC*
The US dollar, in all of this, lest we forget, has been on a downward spiral and is testing a key support area at this juncture at around 96.70/80. Indeed, the dollar is weaker again and perhaps undervalued when considering the number of geopolitical and general risks out there that are keeping the markets cautious, including the rout in oil, China’s slowing growth, tightening liquidity and a hawkish Fed. One of the main catalysts to investor's flight to safety, when looking at the decline in US yields (move inversely to bid in bonds), would be the 25% decline in oil. Meanwhile, the US CPI print showed the largest increase in nine months, and oil would have played its part in that also. However, now with oil falling away so heavily on poor demand outlooks, perhaps the market can reassess the Fed's rate policy? As crowded as the dollar has been, it is vulnerable to the downside on a less hawkish outlook for the Fed.
· *US yields: 10Y to hit 3.5% in three to six months - Danske Bank*
*Fed's Chairman Powell to spark more volatility? *
Looking ahead for today, we will hear from Fed's Chairman Powell in early Asia who will be diiscussing the US economy from around 10am Sydney time/ 6 p.m. Eastern. considering the performance of the DJIA of late, we might hear from him what the implications of Fed hikes will have markets and on the global economy - (Making for the perfect addition to what has already been a volatile day in the FX-Space and general financial markets - The VIX is at 20.27 +0.25 (+1.25%) on the day).
*EUR/USD levels*
· Support levels: 1.1240 1.1215 1.1180.
· Resistance levels: 1.1325 1.1355 1.1390.
*Valeria Bednarik*, Chief Anlyst at FXStreet explained that the pair eased from the mentioned high following a collapse in Pound, finishing the day around 1.1300:
"The 4 hours chart indicates that the pair lost part of its upward strength, barely holding above a bearish 20 SMA which converges with the 23.6% retracement of the latest daily decline, as technical indicators lost upward strength, the Momentum above its mid-line and the RSI at around 50. The pair failed to retain gains above the 38.2% retracement of the mentioned decline after nearing the 50% retracement of the same slump at 1.1355, with gains beyond this last needed for a firmer advance."
Reported by FXstreet.com 1 day ago.
· *EUR/USD has been tracking the dollar's and weakness and US yields in decline despite in-line CPI and the largest increase in 9 months and a negative German GDP print.*
· *EUR/USD is trading like a derivative of sterling and Brexit headlines. *
EUR/USD, for the most part, has traded around dollar and sterling flows on Wednesday. The single unit managed to hold in the positive territory within its comeback from the 1.1215 lows, rising to a recent high of 1.1341 as the dollar falls over from the 97.40s double top area down to 96.77.
The single unit has held on despite the bad news from both Germany and Italy. Firstly, the German economy, the euro zone's core, had contracted in the third quarter for the first time since 2015. However, some of the weakness may just be temporary where a disruption to car manufacturing (related to new emissions tests) has weighed. Overall, the second read on Eurozone Q3 GDP was confirmed at 0.2% q/q, inline with the market's expectation at 0.2%; (last: 0.2%). Italy's print, on the other hand, came in at 0.0%; And that's not all, (nor was it a surprise), Italy’s populist government defiantly refused to bow to EU demands to change its big-spending budget for next year and are sticking to their deficit target which was hitting bonds and BTP futures with interior minister Matteo Salvini declaring on Wednesday: “We won’t budge a millimetre.”
*Politics, politics and, well, more politics*
· *EU's Barnier: Brexit deal brings legal certainty on consequences of Brexit*
Sticking with politics, it was all about Brexit in the main and at the time of writing, EU's Barnier is speaking at a press conference following the Brexit deal crossing the finish line with the UK Cabinet's approval of PM May's draft deal, saying that the backstop is not meant to be used. The EU has said that the UK and EU will access each other's markets on a basis of equivalence.
*US dollar losing its footing again*
· *US: Inflation allows the Fed to continue raising rates gradually - RBC*
The US dollar, in all of this, lest we forget, has been on a downward spiral and is testing a key support area at this juncture at around 96.70/80. Indeed, the dollar is weaker again and perhaps undervalued when considering the number of geopolitical and general risks out there that are keeping the markets cautious, including the rout in oil, China’s slowing growth, tightening liquidity and a hawkish Fed. One of the main catalysts to investor's flight to safety, when looking at the decline in US yields (move inversely to bid in bonds), would be the 25% decline in oil. Meanwhile, the US CPI print showed the largest increase in nine months, and oil would have played its part in that also. However, now with oil falling away so heavily on poor demand outlooks, perhaps the market can reassess the Fed's rate policy? As crowded as the dollar has been, it is vulnerable to the downside on a less hawkish outlook for the Fed.
· *US yields: 10Y to hit 3.5% in three to six months - Danske Bank*
*Fed's Chairman Powell to spark more volatility? *
Looking ahead for today, we will hear from Fed's Chairman Powell in early Asia who will be diiscussing the US economy from around 10am Sydney time/ 6 p.m. Eastern. considering the performance of the DJIA of late, we might hear from him what the implications of Fed hikes will have markets and on the global economy - (Making for the perfect addition to what has already been a volatile day in the FX-Space and general financial markets - The VIX is at 20.27 +0.25 (+1.25%) on the day).
*EUR/USD levels*
· Support levels: 1.1240 1.1215 1.1180.
· Resistance levels: 1.1325 1.1355 1.1390.
*Valeria Bednarik*, Chief Anlyst at FXStreet explained that the pair eased from the mentioned high following a collapse in Pound, finishing the day around 1.1300:
"The 4 hours chart indicates that the pair lost part of its upward strength, barely holding above a bearish 20 SMA which converges with the 23.6% retracement of the latest daily decline, as technical indicators lost upward strength, the Momentum above its mid-line and the RSI at around 50. The pair failed to retain gains above the 38.2% retracement of the mentioned decline after nearing the 50% retracement of the same slump at 1.1355, with gains beyond this last needed for a firmer advance."
Reported by FXstreet.com 1 day ago.
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