GBP/USD holds ground above 1.2650 following mixed UK data, US Retail sales eyed – FXStreet
GBP/USD remains stable after mixed GDP and industry data released by the UK. UK GDP expanded by 1.0% in the third quarter, faster than the 0.7% growth in the second quarter. UK industrial and manufacturing production fell by 0.5% and 1.0% respectively in September. GBP/USD snapped a five-day losing streak and was trading around 1.2680 […]
Gold attracts some sellers ahead of US Retail Sales – FXStreet
Gold prices traded with a negative bias in early European trading on Friday. A strong US dollar and expectations that the pace of Fed rate cuts will slow are putting selling pressure on gold prices. The October U.S. retail sales report is expected to be released later Friday. Gold prices (XAU/USD) are struggling to rally […]
Forex Today: US Dollar consolidates weekly gains ahead of Retail Sales, Fedspeak – FXStreet
Here's what you need to know on Friday, November 15th. Asian stocks remained mixed, dragged down by mixed China activity data and a gloomy Wall Street overnight close. Despite a notable increase in China's retail sales, the country's industrial production and fixed asset investment data were disappointing, amplifying economic concerns and keeping markets on edge. […]
Trump’s tariffs would drive up consumer prices: National Retail Federation
FOX Business correspondent Jerry Willis analyzes retail sales on “The Big Money Show.” Matthew Shea, CEO of the National Retail Federation (NRF), said shoppers would expect to see higher prices on a variety of products if President-elect Donald Trump's proposed U.S. import tariffs go into effect. warned that they may face “Imposing flat tariffs on […]
California Voters Reverse Decade-Old Crime Ballot Measure, Opting To Crackdown On Retail Theft, Drugs
California has voted to pass a ballot measure aimed at reducing retail theft and drug use in the state, rescinding a decade-old measure, according to The Associated Press and multiple sources. Proposition 36 is expected to increase penalties for retail theft and drug possession, while requiring treatment for certain drug offenders. According to to the […]
Home Depot to require corporate employees to work one 8-hr retail shift
Time to get your loafers dirty. Home Depot plans to require its employees, including executives and senior managers, to work an eight-hour in-store retail shift every quarter, according to reports. Starting in the fourth quarter of this year, even remote workers will have to wear orange aprons on gray floors for four days a year. […]
Wealthier Americans are driving retail spending and powering US economy
This is a trend that surprises many. Why do Americans continue to spend at a brisk pace in retail stores and restaurants, despite the pressure of high prices? One of the main reasons is relatively simple. That's because wealthier consumers are increasingly driving spending, driven by significant increases in income, home equity, and stock market […]
US Dollar advances after ECB dovish outlook, US Retail Sales – FXStreet
Expectations for Fed easing continue to evolve, with two rate cuts by year-end almost priced in. Retail sales unexpectedly rose in September, and weekly new jobless claims fell. The ECB's Lagarde is concerned about the EU's economic outlook, which is benefiting the US dollar. The US Dollar Index (DXY), which measures the value of the […]
Retail sales show solid increase in September, beating expectations
NorthEnd Private Wealth CIO Alex McGrath shares his expectations for the upcoming Federal Reserve meeting and third quarter earnings season. retail sales September sales exceeded expectations as the U.S. economy continued to show signs of growth in the third quarter. This was announced by the Department of Commerce's Census Bureau. Retail sales increase In August, […]
USD/INR gathers strength as traders brace for US Retail Sales data – FXStreet
The Indian rupee weakened in early European trade on Thursday. Continued selling in domestic stocks by foreign portfolio investors has weighed on the Indian rupee. Thursday's US September retail sales figures will be a highlight. The Indian rupee (INR) traded slightly lower on Thursday due to the strength of the US dollar (USD). Heavy outflows […]