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Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously flat). Trade in the auto sector was up 3.6% m/m, as the increase at motor vehicle dealers (4.0%) was partially […]

The post U.S. retail sales starts third quarter on an upbeat note  appeared first on Action Forex.

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16/07/2024

ECB Could Disappoint Expectations for a Dovish Shift

ECB meets with near zero chances for a rate cut ECB members continue to disagree about the rates outlook A dovish shift looks unlikely as the focus rests with the Fed Euro showing unexpected strength despite political unrest ECB meets but all eyes remain on the US The ECB is preparing for the last meeting […]
05/08/2024

Crypto Investors Have Lost Their Nerve

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Sunset Market Commentary

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