Retail Sales Strong Beat; US Dollar Bid Continues
US Retail Sales for August was much stronger than expected, even with the lower revisions from July’s print. The headline print was +0.7% vs an expectation of -0.8%. However, the July number was revised lower from -1.1% to -1.8%, which...
US Open: Wall Street Mixed as Retail Sales Unexpectedly Rebound
US retail sales unexpectedly rebound lifting Dow futures out of the red. US futures Dow futures +0.2% at 34730 S&P futures -0.4% at 4465 Nasdaq futures -0.4% at 15443 In Europe FTSE -0.02% at 7028 Dax +0.31% at 15680 Euro...
Retail sales post surprise gain as consumers show strength despite delta fears
Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a...
Dollar Surges on Unexpected Strong Rise in Retail Sales
Dollar jumps sharply in after data shows strong rise in retail sales, versus expectation of a decline. The data also raises optimism that it’s just the start of resurgence in consumer demand, as the world is exiting the pandemic with...
EU Equity Markets Hold Onto Gains
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Stocks making the biggest moves premarket: Beyond Meat, Cisco, Las Vegas Sands and more
Check out the companies making headlines before the bell: Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket trading after Piper Sandler downgraded the company to an underweight rating. “Beyond is an early leader in plant-based...
EUR/CAD Price Action Is Suggesting The Range Bound Movement
The EUR/CAD could make a move from point A to point B. 1.5020 is the rejection level. The market looks bearish but watch for a possible bounce at the point B. Point B is M L3 and trend line confluence....
USD/CAD Capped By Key Resistance
The Canadian dollar recovered after a rise in the August CPI. The previous attempt to break below 1.2500 has put the bulls under pressure. The rebound met offers at 1.2760 when the RSI was in an overbought situation. A bullish breakout would...
Yen Stays Firm on Risk Aversion in Asia, But Dollar Holding on to Support
Yen is trading generally firm today as risk sentiment in Asia is decoupling from that of the US. Nikkei is so far rather resiliently holding above 30k handle, despite slight retreat. But Hong Kong HSI is having another day of...
Stock futures rise slightly following S&P 500’s best day in more than two weeks
A trader works at the New York Stock Exchange (NYSE), August 19, 2021. Andrew Kelly | Reuters Stock futures edged up in overnight trading on Wednesday following a rebound on Wall Street as the market tried to avert the seasonally...