US import prices fall as petroleum, food costs decline
A container ship arrives at Yusen Terminals on Terminal Island at the Port of Los Angeles, January 30, 2019. Mike Blake | Reuters U.S. import prices fell in August amid declines in the cost of petroleum products and food, suggesting...
US retail sales rose more than expected in August as auto buying jumped
A luxury sports car sits on display in a dealership in Manhattan on November 30, 2017 in New York City. Spencer Platt | Getty Images U.S. retail sales rose moderately in August, driven higher by a jump in auto buying...
GBP/USD Rallies To Key Resistance Ahead Of US Retail Sales
The pound has been on a tear today, rising across the board. The GBP/JPY has led the advance, thanks to ongoing “risk-on” rally undermining the Japanese yen. The GBP/USD is also up sharply and is the pair to watch ahead...
China’s Monthly Data Eyed as Aussie Rides Trade Optimism
The world’s second-largest economy will see the release of its industrial production, retail sales, and fixed asset investment data for August early on Monday, at 02:00 GMT. Forecasts point to a pickup in most indicators, which if confirmed, may signal...
Gold Prices Trade Flat Following ECB Announcement
Gold prices were slightly volatile on Thursday, but the price was confined to a range. It is likely that the precious metal will maintain a flat position into next week’s Fed meeting. For the time being, a lack of any...
European Majors Strong after Euro Survived ECB Stimulus
European majors are generally stronger today, after Euro survived yesterday’s ECB monetary easing. Meanwhile, Canadian Dollar is broadly pressured following decline in oil prices. New Zealand Dollar is also weak after poor manufacturing data. Dollar is soft despite more positive...
‘No strategy,’ ‘erratic,’ ‘haphazard’: Democrats pile on Trump over China trade war
Democratic presidential hopefuls hammered President Donald Trump over his trade war with China in Thursday’s debate as fears grow about the conflict shaking the global economy. The 10 candidates on stage in Houston portrayed an impulsive president with little concrete...
Prime Day sales burst in July may cause weakness in August retail sales
andresr | E+ | Getty Images August’s retail sales could be muddied by the negative payback from Amazon Prime Day promotions that sent July sales sharply higher. Friday’s August retail sales report is the last big economic report before the Fed...
The market’s trip to new highs is different this time, and it’s a bullish sign
Strength in semiconductors and a whole host of other sleeper stocks is a telling sign that the market will not only make it to new highs but could remain in an uptrend, according to technical analysts. For a couple years,...
ECB: Draghi Delivers in Swan Song to Markets
Executive Summary The ECB announced a substantial package of easing measures today, including a rate cut, asset purchases, a tiering system for banks and more favorable lending terms for its TLTRO program. The central bank also changed its forward guidance...