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Retail sales rose 0.4% month-on-month (m/m) in September, higher than August’s 0.1% gain and ahead of consensus forecast calling for an increase of 0.3% m/m. Trade in the auto sector was flat for the month, as the marginal increase at automotive parts and accessory stores (0.5%) was wholly offset by the slight decline at motor […]

The post US: Retail Sales Came in Stronger Than Expected in September   appeared first on Action Forex.

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03/09/2024

Growth Expected to Pick Up Modestly Towards 2025 in Europe Including the Nordics

In focus today This morning, we published our Nordic Outlook with updated economic forecasts. We expect growth to pick up modestly towards 2025 in Europe including the Nordics, with important variations between them. In the US, growth is still slowing, but from a stronger starting point, while we project the Chinese economy to continue muddling […]
10/04/2024

Markets in Waiting Position for US March CPI

In focus today Today’s focus will be on the US March CPI, where we forecast both headline and core inflation at +0.3% m/m SA. Higher oil prices continue to lift headline inflation, but the Fed focuses more on the underlying price pressures, not least after concerning upticks in services inflation and strong labour market in […]
09/05/2024

USDJPY Advances After Bouncing Off 50-day SMA

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