US retail sales will be released with the initial jobless claims and Philly Fed Manufacturing at the bottom of the hour. Retail sales are expected to show a 0.6% gain vs 0.7% last month. The core is expected at 0.5% vs 0.2 % last month. Initial jobless claims…
Read MoreInitial Jobless Claims 217K vs 210K expected and 201K prior (revised to 203K) Continuing Claims 1859M vs 1.871M expected and 1.867M prior (revised to 1.877M) The labour market remains in good shape based on weekly claims data which has been a great barometer for the past two years.…
Read MorePrior month 0.7% revised to 0.8% Retail sales headline 0.4% versus 0.6% estimate Control group 0.7% vs 0.4% estimate. Prior month 0.4% Core retail sales ex auto 0.4% vs 0.5% estimate. Last month 0.2% Ex auto and gas 0.3% vs 0.2% last month. More details from the Census…
Read MorePrior month import prices 0.1% US import prices Y/Y 2.2% vs 1.3% prior US export prices M/M 0.3% vs 0.2% expected and 0.0% prior US export prices Y/Y 1.8% vs 0.8% prior Import prices feed into PCE price index calculations and they’ve been tame as well, so that…
Read MorePrior month -16.4 Manufacturing index for the month of December 44.3 vs -5.2 estimate. The highest level since April 2021 Details: The diffusion index for current general activity rose from -10.9 in December to 44.3 in January, the highest since April 2021, marking the largest monthly increase since…
Read MoreShort Trade Idea for Micro Gold Futures (MGC) – January 16, 2025 Trade Setup: This short trade idea on Micro Gold Futures (MGC), curently trading at apx $2740 anticipates a reversal in the range of $2,748-$2,760, a key psychological resistance area, with a total of 30 contracts distributed…
Read MoreCrypto exchange Upbit may face possible sanctions in South Korea for not complying with the country’s money laundering and know your customer (KYC) obligations, according to a report from local news site Maeil. Upbit which is one of South Korea’s largest exchanges was reportedly notified by the Financial…
Read MoreCoinbase (COIN) is adding bitcoin-backed loans to its U.S. product lineup, leaning on Morpho, the largest lending platform on its Base network, to drive eyeballs and wallets to its growing on-chain economy. The lending product isn’t completely new: those familiar with playing on Base have long been able…
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