US retail sales report key, but unlikely to markedly shift post-payrolls sentiment
Even in the aftermath of the solid May employment report, the onus remains on lasting evidence of a return to US growth in Q2 and over 2015 for the FOMC to proceed towards the tightening of monetary policy this year. The…
Even in the aftermath of the solid May employment report, the onus remains on lasting evidence of a return to US growth in Q2 and over 2015 for the FOMC to proceed towards the tightening of monetary policy this year.
The apparent reluctance of US consumers to spend the windfall from lower fuel costs remains surprising, and will be watched for in the May retail sales report (Thu). June's Michigan consumer sentiment survey (Fri) will also be of keen interest.
"Robust car sales and recovering gasoline prices are expected to support a strong monthly gain in values sold, although the 'control group' figure - which feeds into estimates of GDP - is likely to be weaker." notes Lloyds Bank
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…
