Tag Archives: Retail Sales

The UK shared economic updates today, and it’s a mix of news. According to the latest data from the British government on December 22nd, the Gross Domestic Product (GDP) went down by about 0.1% in the third quarter. This is a change from the first report, which initially suggested stability. …

The US dollar has been softer despite the recent slew of US data, including Retail Sales and Jobless claims. The US Dollar Index dropped further on Thursday, extending the negative momentum that followed the FOMC statement. The dovish signals from the Fed have weighed on the US Dollar, which remains …

On Thursday, the Dow Jones Industrial Average kept rallying to new heights as investors looked to build on the Fed-fueled rise that occurred on Wednesday. The increases occurred when traders processed U.S. retail sales data and the Labour Department’s initial batch of unemployment applications.The celebration was missed by Adobe, whose …

In November, retail sales in the United States increased by 0.3% on a monthly basis, reaching $705.7 billion, according to data released by the US Census Bureau on Thursday. This figure marked an improvement from the revised 0.2% decline (previously reported as -0.1%) in October and surpassed market expectations, which …

After the Federal Reserve meeting, the US Dollar experienced a significant collapse. As expected, the central bank decided to keep interest rates unchanged. Market analysts are forecasting three rate cuts for 2024. Fed Chair Jerome Powell leaned dovish, adding fuel to the rally in Treasury bonds. He refrained from declaring …

The GBP/USD has fallen by nearly eight-tenths of a percent on Monday, as investors retreated into safe havens due to a global slowdown. The Pound Sterling has shed three-quarters of a percent against the US Dollar, while the rest of the FX market is facing a risk-off bid from the …

The US GDP exceeded forecasts in the third quarter, with a 5.2% increase compared to the anticipated QoQ print of 5.0%. However, Japan’s retail trade numbers continued to decline. The Fed’s Tom Barkin gave a hawkish demonstration, and Fedspeak is pulling markets in different directions. The USD/JPY is retreating towards …

WTI is trading at $73.055 per barrel as US oil stocks rise more than anticipated. Earlier on the day, the American crude touched four month lows at $72.55.Concerns about declining oil demand are fueled by weak US economic indicators, such as an increase in unemployment claims and a decline in …

The Canadian Dollar has extended into a second day of gains following Tuesday’s gains, with wholesale and business sales figures in Canada showing slight recovery. However, declines in Crude Oil prices are keeping CAD gains on a tight leash. Canadian Manufacturing Sales in September beat the street, printing at 0.4% …

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 …