US: Retail Sales rose by 0.4% MoM in October
Source Fxstreet
- Retail Sales expanded more than estimated.
- Retail Sales Control Group contracted by 0.1% MoM.
The US Census Bureau reported that Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations for a 0.3% gain and coming down from September’s 0.8% increase.
Additionally, the Retail Sales Control Group contracted at a monthly pace of 0.1%, from the previous 1.2% advance, and Retail Sales excluding Autos increased below consensus by 0.1% MoM.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Struggles to Reclaim $90,000 as Short-Term Holders Keep Gains in CheckBitcoin (BTC) rallied past the $90,000 psychological barrier on November 12. That day, it briefly traded at a new all-time high of $93,265. However, as of this writing, the king coin trades at $87,757, having shed 6% of its value in the past two days.
Bitcoin (BTC) rallied past the $90,000 psychological barrier on November 12. That day, it briefly traded at a new all-time high of $93,265. However, as of this writing, the king coin trades at $87,757, having shed 6% of its value in the past two days.
Scope for the Pound Sterling (GBP) to retest the 1.2630 level; the major support at 1.2615 is unlikely to come under threat.
Insights - Several Federal Reserve officials delivered speeches this week, offering forward-looking insights on the prospects of rate cuts and their impact on major asset classes. Below is a summary of the key points from their remarks.
Down 80% From Its All-Time High, Is Super Micro Computer Stock a Buy?Super Micro Computer (NASDAQ: SMCI) may be the most exciting stock story of 2024. Unfortunately, it's not for a good reason. While it started off the year hot as product demand surged, it quickly declined as expectations were too high.
Super Micro Computer (NASDAQ: SMCI) may be the most exciting stock story of 2024. Unfortunately, it's not for a good reason. While it started off the year hot as product demand surged, it quickly declined as expectations were too high.
China Could Reassess Crypto Ban Due To Trump, HashKey CEO ClaimsHashKey Group Chairman and CEO Xiao Feng has indicated that China’s stringent stance on cryptocurrencies could soften within the next two years, influenced by the pro-crypto policies expected under US President-elect Donald Trump. Xiao believes that clear regulatory support in the United States could serve as a catalyst for China to reconsider its current ban.
HashKey Group Chairman and CEO Xiao Feng has indicated that China’s stringent stance on cryptocurrencies could soften within the next two years, influenced by the pro-crypto policies expected under US President-elect Donald Trump. Xiao believes that clear regulatory support in the United States could serve as a catalyst for China to reconsider its current ban.
