The US Census Bureau’s October Retail Sales report is expected to reveal a decline in consumption for the first time since March. Economists predict a 0.3% decline in October, with sales ex-autos compared to the prior release of 0.6%. Deutsche Bank expects weak unit motor vehicle sales to lead to …

The US consumer price inflation looks to have negatively surprised the consensus. Economists still predict that the Fed will hold interest rates steady until June 2024, when they will start to cut them. In other words, October saw a decrease in inflationary pressures.With fuel prices acting as a major drag …

The US Consumer Price Index is the crucial report on Tuesday. The Australian Westpac Consumer Confidence Index and the National Australia Bank’s Business Survey are due during the Asian session. Later in the day, the Eurozone will release Q3 GDP and employment figures, the UK will report jobs data, and …

The federal government faces a shutdown next week if Republicans and Democrats in Congress cannot agree on a spending plan. Moody’s has reaffirmed America’s credit rating to “negative” due to concerns about the nation’s worsening fiscal position and political polarization. The change, which falls short of a downgrade to the …

Following OPEC’s monthly market report, which allayed fears about declining demand and a US investigation into Russian oil sanctions violations, WTI crude oil prices rose by 1.43% on Monday. US West Texas Intermediate crude futures gained 1.4% to settle at $78.40 per barrel, while Brent crude futures increased by 1.29% …

A downward trend is observed in the EUR/GBP ahead of Tuesday’s key data points. After a consistent increase last week, the Euro is now declining. A major data double-header featuring labour, wages, and GDP figures for the UK and the EU is causing the EUR/GBP to weaken. As we approach …

As he gets ready to leave for San Francisco, Fed Chair Jerome Powell may want to discuss China’s plans with Chinese officials on how to avoid a prolonged deflationary slump. However, it is worth noting that 4 years ago, on the thirteenth of November 2019, Powell said it is hard …

Only China wants its inflation to increase, whereas the rest of the world is trying to bring inflation down from current levels. China’s CPI decreased by two basis points in October. Although the country’s official statements indicate that deflation is unlikely, the PPI fell by more than 2.5%.There are also …

The GBP/JPY is trading into the high side, following a spike in Yen rates due to Yen options expiries. However, the moves were short-lived, and the pair is now trading back into recent highs. Japanese Finance Minister Shunichi Suzuki warned that the Japanese government is closely monitoring currency markets, which …

The Euro is trading below the 1.0700 level against the US Dollar, with European stocks maintaining positive performance. US inflation figures are expected to drive market sentiment this week, as the Euro loses its initial shine against the USD. The dollar’s upward movement to the pivotal level of 106.00 has …