Retail sales fell 0.4% month-on-month (m/m) in December, coming in slightly stronger than Statistics Canada’s -0.5% advanced estimate. In real terms, retail sales volumes were unchanged on the month, indicating December’s headline decline was driven Read more…
Daily Pivots: (S1) 1.1743; (P) 1.1775; (R1) 1.1809; More…. EUR/USD’s fall from 1.2081 is in progress and intraday bias remains on the downside. Sustained trading below 55 D EMA (now at 1.1763) will raise the Read more…
Morgan Stanley thinks that Mr. Market just made a mistake. Strategist Katie Huberty, speaking with Bloomberg, laid out the case that the recent stock market sell-off hasn’t been selective. In fact, she argues that it Read more…
Daily Pivots: (S1) 0.7726; (P) 0.7745; (R1) 0.7768; More…. USD/CHF is still extending consolidation pattern from 0.7603 and intraday bias stays neutral. While stronger rebound cannot be ruled out, upside should be limited by 55 Read more…
Daily Pivots: (S1) 154.58; (P) 154.96; (R1) 155.38; More… Intraday bias in USD/JPY remains on the upside at this point, as rise from 152.25 is still in progress to 157.65 resistance. Break there will target Read more…
Sterling leads the currency markets today, buoyed by stronger-than-expected UK PMI and retail sales data that reinforced the narrative of economic resilience. The rebound in business activity helped offset lingering concerns generated earlier in the Read more…
Daily Pivots: (S1) 1.3428; (P) 1.3473; (R1) 1.3511; More… A temporary low is in place at 1.3432 in GBP/USD with 4H MACD crossed above signal line. Intraday bias is turned neutral for consolidations. But risk Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Hardside luggage is all the rage Read more…
Home Depot has recently been facing weak consumer demand amid headwinds from the U.S. housing market. As the company fights to boost sales, it is making it harder for employees to earn a key incentive Read more…
Canada’s retail sales declined -0.4% mom in December to CAD 70.0B, slightly better than the -0.5% drop expected. The pullback marks a modest softening in year-end consumer activity, though the headline miss was not as Read more…