Month: November 2023

Daily Pivots: (S1) 1.2337; (P) 1.2421; (R1) 1.2583; More… GBP/USD retreat slightly after edging higher to 1.2504 and intraday bias is turned neutral first. Some consolidations could be seen. But downside should be contained well Read more…

US PPI for final demand fell -0.5% mom in October, below expectation of 0.1% mom rise. That’s also the largest monthly decline since April 2020. PPI goods fell -1.4% mom while PPI services was unchanged. Read more…

Ark Invest’s “disruptive” technology thesis grants investors exposure to a number of different technological areas, from automation to cryptocurrency to biotechnology. While automation and crypto represent some of Ark’s biggest bets, a large portion even Read more…

U.S. retail sales slowed less than forecast last month, data from the Commerce Department indicated Wednesday, as muted inflation pressures and a big slide in gasoline prices added strength to broader consumer spending.  Headline retail Read more…

US retail sales fell -0.1% mom to USD 705.0B in October, better than expectation of -0.3% mom. Ex-auto sales rose 0.1% mom to USD 570.9B, above expectation of -0.2% mom decline. Ex-gasoline sales fell -0.1% Read more…

Goodyear Tire & Rubber GT shares surged higher in early Wednesday trading after it unveiled plans to shed some of its key business units, as well as the departure of CEO Richard Kramer, in major shake-up of Read more…

In European Commission’s Autumn Economic Forecasts, 2023 GDP growth forecast has been lowered to 0.6%, a reduction from the earlier summer forecast of 0.8%. Outlook for 2024 is also tempered, with GDP growth projections scaled Read more…

Updated at 7:45 am EST Target Corp. TGT posted much stronger-than-expected third quarter earnings Wednesday, thanks in part to tighter cost and inventory control, but hinted to another slowdown in same-store sales over the holiday period. Target Read more…