Following a week low on data so far it is once again worth looking at the calendar of US data publications today. May retail sales are an important set of data due for publication. So far consumption in the US had disapp…
Following a week low on data so far it is once again worth looking at the calendar of US data publications today. May retail sales are an important set of data due for publication. So far consumption in the US had disappointed notably despite the fact that due to the sharp fall in gas prices US consumers had more money in their pockets.
Today's data is likely to give insight into whether the positive effect of the lower energy prices has filtered through to consumption after some delay. Consensus expects a rise of 1.2% mom which is not only due to the fact that retail sales are measured in nominal terms and thus are influenced by the recent increase in gas prices, notes Commerzbank.
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…
