Natural gas prices moved lower as traders reacted to the EIA report. The report was bearish as inventory build exceeded analyst expectations. Natural gas production stays at high levels, and…
Tag: trading the news
UK Retail Sales Slide by 1.2% in June Delivering BoE Policy Uncertainty
GBP/USD dips on weak UK retail sales; BoE rate cut bets may rise as consumer spending falters. But, inflation and wage growth issues linger….Read More
Retail Sales Beat Forecasts, Consumer Resilience Surprises Analysts
Sector Performance Retail trade sales specifically saw a slight 0.1% decrease from May 2024. However, they still managed a 2.0% increase compared to June 2023. Notably, nonstore retailers, which include…
The Week Ahead: US Inflation, Services PMIs, and the Bank of Canada in Focus
However, investors must consider the sub-components, including prices. Higher input and output price trends would reduce expectations of a September ECB rate cut. The ECB is concerned more about inflation…