News with the tag "Retail Sales"

Cryptocurrency markets often mirror traditional market sentiment, and recent tremors in the Dow Jones Industrial Average serve as a stark reminder of interconnected financial ecosystems. When the Dow Jones sneezes, does the crypto market catch a cold? This week, weaker-than-expected Retail Sales fig...

Buckle up, crypto and Forex traders! This week has delivered a shocking turn of events in the traditional financial markets, sending ripples across the globe. The mighty US Dollar is reeling, facing a significant weekly loss , and the culprit? A truly dismal January Retail Sales report that has inve...

Cryptocurrency traders are closely watching the Forex markets, especially the USD/CAD pair, as it reacts sharply to surprising economic data. The latest US Retail Sales figures have just been released, and the impact is rippling through currency markets. Let’s dive into why the USD/CAD is experienci...

In a dramatic turn for the Forex market , the EUR/USD pair has experienced a significant surge, breaking through key resistance levels. This bullish momentum is fueled by a potent combination of factors: a delay in former US President Trump’s anticipated reciprocal tariffs and surprisingly weak US R...

In a dramatic turn of events in the Forex markets, the Pound Sterling (GBP) has surged against the US Dollar (USD), reaching an impressive eight-week high. This electrifying rally comes on the heels of unexpectedly weak US Retail Sales data, injecting fresh volatility into the GBP/USD pair and spark...

Hold onto your hats, crypto enthusiasts! Just when you thought you had a handle on the market, a surprising economic tremor has shaken Wall Street. US Retail Sales data for January just dropped, and it’s a cold shower for economists and investors alike. Instead of the anticipated slight 0.1% dip, we...

Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may ...

Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession...

Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines meet the growing demand for micro-investments among S...

The US PPI inflation data released by the Bureau of Labor Statistics on Friday showed that wholesale inflation experienced a surge in February. The PPI index, which gauges the price at which raw materials are sold on the open market, came in at 0.6% in February, higher than analyst forecast of 0.3%....