Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter. The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.Americans are spending more. Several signs …
Read More »Canada: Retail Sales Rose in August
Retail Sales in Canada rose by 2.1% on a monthly basis in August, the data published by Statistics Canada showed on Friday. This reading followed July’s contraction of 0.6% and came in slightly better than the market expectation for an increase of 2%.
Read More »U.S. Retail Sales Jump
Receipts have broadly increased, led by sporting goods and hobbies. Autos surprise with 0.5% increase after 3.3% decline in August. U.S. retail sales achieved 0.7% gain in September.U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply according …
Read More »US Retail Sales Unexpectedly Rise in September
US retail sales unexpectedly rose in September, but there are concerns that supply restrictions could negatively affect the holiday shopping season amid persistent shortages of cars and other goods. Retail Sales in the US rose by 0.7% on a monthly basis to $625.4 billion in September, the data published by …
Read More »Eurozone Retail Sales Missed Expectations in August
Data showed that retail sales in the eurozone missed expectations in August, as consumers curbed spending on food, beverages, and tobacco. The European Union statistics office Eurostat said retail sales, an indicator of consumer demand, in the 19 euro-denominated countries rose 0.3 percent month-on-month in August, unchanged from the previous …
Read More »Canada: Retail Sales Decline by 0.6% in July
Retail Sales in Canada contracted by 0.6% on a monthly basis in July, the data published by Statistics Canada showed on Thursday. This reading followed June’s increase of 4.2% and came in slightly better than the market expectation for a decrease of 1.2%. Excluding cars, Retail Sales in Canada declined …
Read More »OECD: U. S. economic recovery has slowed
The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …
Read More »EUR/USD slides to fresh monthly lows, Investors awaiting FOMC meeting
EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …
Read More »US Dollar Spiked Up to a Fresh September High
The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …
Read More »US Retail Sales Rise by 0.7% in August
Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.
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