Category: retail
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US retail sales gains more attention as Japan eyes big data to intervene
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The latest yen intervention effort is an out-of-the-ordinary move as Japan appears to be trying out a new strategy. It is relying on weaker US data to push the USD/JPY pair down in particular. Previous: Bank of Japan data suggests Japan also intervened in the foreign exchange market on July…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB
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Mon: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting ofEnergy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY FedManufacturing (Jul), EZ Industrial Production (Jun); China’s Third Plenum (15-18th July) Tue: Republican Convention; German Wholesale Price Index (Jun), ZEW (Jul), EZ Trade Balance…
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Bitcoin set to rise slightly on a weekly basis as retail inflation eases
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CHENAPONG/iStock Editorial via Getty Images Bitcoin (BTC-USD) price is set to post a weekly decline. 2.7% increaseIn a week that saw retail inflation fall, while wholesale inflation came in higher than expected. The world’s oldest cryptocurrency has remained below the $60,000 level all week, but has been hovering around the…
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Bitcoin Records Surge In Retail Investors, Is A Price Rebound On?
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Similor Valeti is a cryptocurrency writer, specializing in journalism and content creation. Although he started out writing about several topics, Similor quickly gained a knack for dealing with the intricacies and intricacies of the interesting world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in…
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Bitcoin Records Surge In Retail Investors, Is A Price Rebound On?
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Similor Valeti is a cryptocurrency writer, specializing in journalism and content creation. Although he started out writing about several topics, Similor quickly gained a knack for dealing with the intricacies and intricacies of the interesting world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in…
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Analysis-China’s retail outlook dims after mid-year shopping festival flop By Reuters
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By Casey Hall SHANGHAI (Reuters) – China’s retailers face a difficult near-term future after a disappointing mid-year online shopping festival that cast a shadow over the recovery prospects of the world’s second-largest economy. E-commerce sales fell for the first time during the so-called 618 Festival that ended last week, reports…
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USD/CAD edges higher after softer retail sales data and PPI. BOC cut odds rise
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USD/CAD 10 minutes The Bank of Canada’s July decision is shifting more decisively toward a rate cut after weak retail sales and PPI numbers today. The market now places a 73% chance of a successive cut. Retail sales matched estimates of +0.7% for April but the advance report for May…
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Retail sales miss in May indicative of fading consumer momentum
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Investing.com – Analysts from Wells Fargo (NYSE:) noted on Tuesday that weaker-than-expected May data indicated a decline in consumer spending. Retail sales data for May came in slightly lower than expected, rising just 0.1%. Furthermore, there were downward revisions to previous months’ data, implying a weaker spending environment in the…
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Stocks gain, US yields decline after retail sales data By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight session on Tuesday and U.S. Treasury yields fell after a lower-than-expected report on consumer spending, while investors digested comments from several Federal Reserve officials on interest rates. The US Commerce Department said…
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Dollar edges higher ahead of retail sales, speeches by Fed officials By Investing.com
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Investing.com – The US dollar rose on Tuesday ahead of key retail sales data and speeches from Federal Reserve officials, as traders looked for clues to better gauge the timing and pace of interest rate cuts. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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Don’t Be A Loser!” Robert Kiyosaki Dismisses High Prices As A ‘Lame Excuse’ For Retail Investors To Miss Out On Bitcoin
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The world of finance and investing is constantly evolving, with new opportunities and challenges emerging every day. In this ever-changing landscape, one person is constantly making headlines for his bold and unorthodox opinions – Robert Kiyosaki, the acclaimed author of the best-selling book Rich Dad Poor Dad. Kiyosaki, known for…
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Newsquawk Week Ahead: Highlights include BoE, SNB, US retail sales
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Week Ahead 17-21st June: Mon: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1) Tue: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May) Wed: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1)…
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Retail stocks search for direction as rates stay high By Reuters
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Written by David Randall and Louis Krauskopf NEW YORK (Reuters) – Rising U.S. interest rates are weighing on the U.S. retail sector, with several companies’ stocks hurt by months of tight monetary policy while the shares of a few companies rose. The consumer discretionary distribution and retail index is up…
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Retail Investors Still Bullish on Bitcoin (BTC) Ahead of FOMC Meeting
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Bitcoin and the rest of the cryptocurrency market have seen a noticeable boom following the release of the latest US Consumer Price Index (CPI) data, and now all eyes are on the Federal Open Market Committee (FOMC) meeting tonight. Bitcoin and Ethereum posted gains of 3.4% and 2.43% over the…
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Retail Investors Still Bullish on Bitcoin (BTC) Ahead of FOMC Meeting
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Bitcoin and the rest of the cryptocurrency market have seen a noticeable boom following the release of the latest US Consumer Price Index (CPI) data, and now all eyes are on the Federal Open Market Committee (FOMC) meeting tonight. Bitcoin and Ethereum posted gains of 3.4% and 2.43% over the…
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Can the rise in re-commerce help create a more sustainable retail sector?
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Shopping habits are changing. Consumers are increasingly choosing to buy or rent used items rather than new. Digital marketplaces are making this easier, with 80% of refurbished goods now purchased online. The trend is set to grow, with 44% of people saying they are buying more second-hand items, and Barclaycard…