Already off to a subdued start to the session, the dollar lost more ground after disappointing news on the all-important U.S. consumer. Retail sales unexpectedly sank 0.6% in February versus forecasts of a 0.3% gain. Cor…
Already off to a subdued start to the session, the dollar lost more ground after disappointing news on the all-important U.S. consumer. Retail sales unexpectedly sank 0.6% in February versus forecasts of a 0.3% gain. Core spending was flat (0.0%) and also undershot expectations of a 0.4% increase.
Though disappointing, Mother Nature likely kept consumers from spending which suggests activity could soon bounce back when the weather improves. Jobless claims beat expectations, unexpectedly falling below 300,000 to 289,000.
Heading into next week, the pace of any further dollar appreciation could slow on uncertainty over the outcome of the Fed decision on March 18. Will the Fed word its statement to prep markets for a rate hike in the months ahead? What about the buck? Will its rise warrant a warning from the Fed since it can crimp growth?
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…
