Author: FX
That’s a big credit card or a confusingly-small manMasterCard today reported that US retail sales were up 8.8% y/y excluding autos. January CPI numbers aren’t out yet but the December reading was +6.5% so that’s roughly 2.3% growth. Perhaps more notably, it shows a better pace than the December when sales were up 7.0% excluding autos. Again, January numbers aren’t out yet so it might be seen as more of a preview of strong January spending.One of the reasons for that could be that terrible weather around Boxing Day in much of the US pushed spending into the new year…
> US January federal budget deficit $39.0 billion vs $63 billion expected Deficit data for the US government Adam Button Friday, 10/02/2023 | 19:00 GMT-0 10/02/2023 | 19:00 GMT-0 ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
3/3 © Reuters. Lucas Cespedes, 13, rows his boat during an interview with Reuters, close to his house on the shores of the river Futa, on the outskirts of Valdivia, Chile February 9, 2023. REUTERS/Cristobal Saavedra Escobar 2/3 By Cristobal Saavedra RIO FUTA, Chile (Reuters) – As his parents fought wildfires threatening their home in southern Chile, 13-year-old Lucas Cespedes decided to take action, ferrying firefighters across the local river in a small yellow rowing boat to help them put out the flames. The Andean country is battling some of the worst wildfires in years that have claimed 24 lives…
Share: The US Dollar is set to finish the week with solid gains due to Fed’s hawkish comments and US data. US Consumer Sentiment improved, as reported by the University of Michigan. The UK avoided a recession in Q4 2022, though its forward economic outlook suggests a weaker British Pound. GBP/USD Price Analysis: A daily close below 1.2032 would resume a bearish continuation. GBP/USD snaps three straight days of gains and drops as it tested the 50-day Exponential Moving Average (EMA) at 1.2126, as UK economic data showed the economy did not grow, while consumer sentiment in the…
<ul><li>Oil rigs +10 to 609 vs. 599 last week</li><li>Gas rigs -8 to 150 vs. 158 last week</li><li>Total rigs +2 to 761 vs. 759 last week</li></ul><p>Crude oil was trading at $79.25 ahead of the report</p> This article was written by Greg Michalowski at www.forexlive.com. Source link
Philadelphia Fed Pres. Patrick HarkerThe Fed comments are not panicking after the stronger-than-expected jobs report. The game plan to get rates to 5% – 5.25% seems to be the central tendency (although the door remains open for something more). The US CPI data will be released on Tuesday with expectations of 0.5% versus 0.1% last month. The core is expected to increase by 0.4% which is the same as last month.Of note is the prior month’s were revised higher due to seasonal adjustments. The initial CPI was reported at -0.1% but was revised to +0.1% this morning. The core was…
Waller keeps his comments to digital assets:Crypto asset buyers don’t be surprised if a value goes to zero, don’t expect taxpayers to pay for lossesBanks engaging with crypto customers must meet know-your-customer, anti-money laundering requirementsSpillovers minimal so far to financial system from crypto industry stressIt is critical to ensure financial stability risks associated with crypto assets are mitigatedNot much importance in those comments Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
AUDUSD trades up and down todayThe AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar The AUD/USD is the currency pair encompassing the…
Share: Gold price extended its losses in the session, down by 0.22%. The University of Michigan’s Consumer Sentiment improved, while inflation expectations jumped for 2023. Gold Price Forecast: Daily close below the 50-EMA could expose Gold to further selling pressure. Gold price remains firm at around $1860 after hitting a week-to-date new low of $1852.45 on Friday due to speculations that the US Federal Reserve would raise rates by 25 bps in the next couple of meetings, as money market futures showed. A bid in the US Dollar and US Treasury bond yields reaching fresh 5-week highs capped…