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Add as a preferred source on GoogleThe modest rebound in the Empire State manufacturing index to +3.1 in May, from -1.2, indicates that the stronger dollar is still restraining factory sector activity. Nevertheless, the drop back in the dollar over the pa…
The modest rebound in the Empire State manufacturing index to +3.1 in May, from -1.2, indicates that the stronger dollar is still restraining factory sector activity.
Nevertheless, the drop back in the dollar over the past month will provide a little relief. Furthermore, the survey evidence on the services sector is much more upbeat.
"Even if export-orientated manufacturers continue to struggle, stronger domestic demand can still drive a pick-up in GDP growth." says Capital Economics
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
