Prelim was 50.5 Prior was 53.6 Conditions 51.1 vs 58.6 prior Expectations 51.0 vs 50.3 prior The UMich numbers are unreliable and haven’t tracked consumer spending for a long time. This article was written by Adam Button at investinglive.com.
Bitcoin is retesting April levels, falling toward $80,000 amid $2 billion crypto liquidations. Ethereum downtrend accelerates toward $2,500 as institutional investors exit. XRP extends its decline below $2.00, weighed down by decreasing retail demand.
Prior month 1.3% (revised from 1.4%) Wholesale sales for the month of August 0.1% versus 0.4% estimate. Wholesale inventories 0.0% versus -0.2% estimate. Inventory to sales ratio 1.28 months versus 1.28 months last month.The ratio is near the low levels going back to midyear 2022 This article was written by Greg Michalowski at investinglive.com.
Bitcoin is retesting April levels, falling toward $80,000 amid $2 billion crypto liquidations. Ethereum downtrend accelerates toward $2,500 as institutional investors exit. XRP extends its decline below $2.00, weighed down by decreasing retail demand.
Mon: Bank of Israel Announcement; German Ifo (Nov), US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov) Tue: PBoC MLF; US Consumer Confidence (Nov), Richmond Fed (Nov), US Retail Sales (Oct) Wed: RBNZ Announcement, UK Autumn Budget; Australian CPI (Oct), US Dallas Fed (Oct) Thu: US Thanksgiving, ECB Minutes (Oct), BoK Announcement; Chinese Industrial Profit (Oct), German GfK…
United States Michigan Consumer Sentiment Index came in at 51, above expectations (50.5) in November
USD/JPY made a quick move lower, running stops below 156.60 down to 156.20 where it’s bounced. With the intervention talk in USD/JPY, that’s always a threat but I think this is more a case of stops being set on fears of intervention and triggering some quick selling. Moreover, the volatility in stocks markets is a drag on this pair….
United States Wholesale Inventories came in at 0%, above forecasts (-0.2%) in August
The USDJPY has experienced weakness in the last hour, extending its decline to the 100-hour moving average at 156.28, with a low print of 156.22 just beneath it. The 100-hour MA is the initial key target for sellers seeking to continue the correction. Further downside focus would shift to the 38.2% retracement of the November range at 155.939. A…
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