US Dollar flat after strong Retail Sales and fresh US restrictions on Nvidia sales to China
The post US Dollar flat after strong Retail Sales and fresh US restrictions on Nvidia sales to China appeared on BitcoinEthereumNews.com. The Greenback tradesflat as US Retail Sales come out strong. Earlier two US banks issued earnings and warnings around US Consumer healthiness. The US Dollar Index is in the middle of October’s range. The US Dollar (USD) is trading flat after markets digest US Retail Sales. The Greenback was breaking lower as earnings from Goldman Sachs and Bank of America were good, though not showing substantial growth and profit. Meanwhile with the earnings issued, some guiding remarks for the earnings are pointing to possible staff cuts, wage freezes and focus back to core markets. On the data front, traders are applauding Retail Sales numbers. The numbers are a beat on expectations across the board with aspecially the beat of 0.3% with 0.7%. Small side remark though is that markets are ignoring the upward revisions from the previous numbers, which makes that the actual recent numbers are lower than the previous revised ones. Daily digest: US Dollar eases on Nvidia restrictions The US restricts sale of Nvidia Made-For-China in a new set of rules. During the US bank earnings released before the US opening bell, Bank of America CEO Brian Moynihan says that the US Consumer Spending is continuing its slowdown. At the start for this Tuesday, the President of the New York Fed, John Williams, was due to speak around 12:00 GMT. No real comments were retained. In terms of data the US Retail Sales did not disappoint with a reaction: Retail Sales went from 0.6% to 0.7% instead of the expected 0.3%. Retail Sales without Cards went from 0.6% to 0.6%, in stead of 0.2%. Around 13:15 GMT, the monthly Industrial Production was released for September: Previous number was 0.4% with the current at 0.3%. No real headlines from Michelle Bowman, a governor on the Federal Reserve’s board, who spoke…
The post US Dollar flat after strong Retail Sales and fresh US restrictions on Nvidia sales to China appeared on BitcoinEthereumNews.com.
The Greenback tradesflat as US Retail Sales come out strong. Earlier two US banks issued earnings and warnings around US Consumer healthiness. The US Dollar Index is in the middle of October’s range. The US Dollar (USD) is trading flat after markets digest US Retail Sales. The Greenback was breaking lower as earnings from Goldman Sachs and Bank of America were good, though not showing substantial growth and profit. Meanwhile with the earnings issued, some guiding remarks for the earnings are pointing to possible staff cuts, wage freezes and focus back to core markets. On the data front, traders are applauding Retail Sales numbers. The numbers are a beat on expectations across the board with aspecially the beat of 0.3% with 0.7%. Small side remark though is that markets are ignoring the upward revisions from the previous numbers, which makes that the actual recent numbers are lower than the previous revised ones. Daily digest: US Dollar eases on Nvidia restrictions The US restricts sale of Nvidia Made-For-China in a new set of rules. During the US bank earnings released before the US opening bell, Bank of America CEO Brian Moynihan says that the US Consumer Spending is continuing its slowdown. At the start for this Tuesday, the President of the New York Fed, John Williams, was due to speak around 12:00 GMT. No real comments were retained. In terms of data the US Retail Sales did not disappoint with a reaction: Retail Sales went from 0.6% to 0.7% instead of the expected 0.3%. Retail Sales without Cards went from 0.6% to 0.6%, in stead of 0.2%. Around 13:15 GMT, the monthly Industrial Production was released for September: Previous number was 0.4% with the current at 0.3%. No real headlines from Michelle Bowman, a governor on the Federal Reserve’s board, who spoke…
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