GBP/USD falls as BoE keeps rates unchanged, UK Retail Sales decline.
GBP/USD is up over 0.5% on Thursday as the BOE firmly maintains interest rates. UK inflation remains a significant issue, restricting the BOE’s policy options. With inflation and a slowdown in economic activity, the situation for the UK looks challenging. The GBP/USD showed some resilience on Thursday, seeing the pound sterling (GBP) rise by about […]
Numeral secures $35M to use AI for automating sales tax
Sam Ross and the Birth of Numeral Sam Ross, who co-founded and leads the startup Numeral, got the idea for his sales tax compliance company during his travels. He previously worked as a product manager at Airbnb and was looking to blend his entrepreneurial spirit with his love for travel. “Back in early 2018, I […]
Numeral secures $35M to streamline sales tax using AI
Numeral Secures Funding to Streamline Sales Tax Management Sam Ross, who co-founded and serves as CEO of Numbers, first developed the idea for his sales tax compliance startup during his time as a product manager at Airbnb. That was back in early 2018 when he was not yet working remotely like he does today. At […]
Retail sales increase in August due to unexpectedly high back-to-school shopping.
US Retail Sales Show Resilience During School Season Retail sales in the U.S. demonstrated notable strength as the school season approached. This seems to indicate that tariffs imposed by Trump haven’t significantly deterred shoppers, even as the Federal Reserve contemplates rate adjustments. Excluding vehicle sales, retail sales rose by 0.7% compared to the previous month—surpassing […]
Upcoming Prime Big Deal Days announced – Check out the sales happening now
Amazon Announces Fall Mega Sale Dates Amazon has confirmed that its Prime Big Deal Days will take place from October 7 to 8, 2025. This two-day event is set to kick off the holiday shopping season somewhat early, providing exclusive discounts to Amazon Prime members across various categories—think electronics, home goods, kitchen essentials, toys, and […]
Australian Dollar retreats from 10-month peaks, focusing on US Retail Sales
The Australian dollar saw a decline after hitting a peak of 0.6676, a level not reached in 10 months, on Tuesday. On Monday, the US and China finalized a commercial deal over TikTok, resulting in its transition to US ownership. The US dollar continued to slide, as expectations build that the Federal Reserve will implement […]
Today’s Forex Update: US Dollar Drops as Retail Sales and Fed Decision Approach
Major central banks are set to discuss monetary policy soon, with the Federal Reserve taking center stage. As expectations for easing measures wane, the value of the US dollar has dipped while Treasury yields have seen an uptick, particularly as traders look forward to US retail sales data. Here’s what to expect on Tuesday, September […]
US Dollar Positioned Before Retail Sales
The US Dollar (USD) is facing some challenges on Monday, with the US Dollar Index (DXY) dropping by 0.2%. All eyes are on the upcoming retail sales figures for August, set to be released on Tuesday at 12:30 GMT. There’s a general expectation for a modest rise in retail sales, estimated at 0.3%, down from […]
What are the dates for China’s Retail Sales and Industrial Production and their potential impact on AUD/USD?
China’s Economic Performance in August In August, China’s retail sales rose by 3.4% compared to the same month last year, building on increases of 3.8% and 3.7% noted in July, according to data from the National Bureau of Statistics (NBS) released on Monday. Meanwhile, industrial production saw a year-on-year growth of 5.2% during the same […]
Girl Scouts to introduce a new cookie inspired by rocky road due to declining sales
Girl Scouts Introduces New Cookie Flavor Amid Sales Struggles The Girl Scouts of the USA are set to launch a new cookie flavor next year, aiming to boost sales after facing challenges such as increased prices, a decrease in demand, and an operating loss of nearly $3 million. The new cookie, named “Explore More,” draws […]