US initial jobless claims fell -19k to 241k in the week ending October 12, matched expectations. Four-week moving average of initial claims rose 5k to 236k. Continuing claims rose 9k to 1867k in the week Read more…
US retail sales rose 0.4% mom to USD 714.4B in September, above expectation of 0.3% mom. Ex-auto sales jumped 0.5% mom to 580.5B, well above expectation of 0.1% mom. Ex-gasoline sales rose 0.6% mom to Read more…
The competition for subscription-based streamers is intense, with many services to choose from, such as Hulu, Amazon Prime, Disney+ and MAX. As a result, these streaming platforms have turned to creating original content to keep Read more…
I never owned an iPod Mini. Even as a college freshman back at the time of its introduction, I was already more of a full-size iPod kind of nerd. Mine was the third-gen model with Read more…
U.S. retail sales powered higher again in September, Commerce Department data indicated Wednesday, adding to concern that the hot domestic economy will produce renewed inflation pressures. Headline sales rose 0.4% last month to a collective Read more…
ECB cut its deposit rate by 25 basis points to 3.25% today, as widely anticipated. In its accompanying statement, ECB highlighted that the disinflationary process is “well on track,” with inflation expected to decline to Read more…
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council Read more…
A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key medium-term support Read more…
AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia’s (RBA) monetary policy. Key Employment Read more…
The Dollar continues to trend higher against the basket of its major counterparts and trades at the highest since early August during European session on Thursday. Possibility of election win by Republican candidate Donald Trump Read more…