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Q3 2023 U.S. Retail Scorecard – Update

Q3 2023 U.S. Retail Scorecard – Update

Image Source: Unsplash To date, 145 of the 205 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2023, representing 71% of the index. Of those companies that have reported their quarterly results, 69% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 27% reported earnings that fell below estimates. […]
Retail Sales Were Stronger Than Expected In October Despite Weak Motor Vehicles

Retail Sales Were Stronger Than Expected In October Despite Weak Motor Vehicles

Nominal retail sales data from the commerce department, chart by MishAdvance Retail Sales Advance estimates of U.S. retail and food services sales for October 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.0 billion, down 0.1 percent (±0.5 percent) from the previous month, and up 2.5 percent (±0.7 […]
Shake & Bake. The Corn & Ethanol Report

Shake & Bake. The Corn & Ethanol Report

We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index,MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., PPI MoM & YoY, Retail Dales MoM & YoY, Core PPI MoM & YoY, NY Empire State Manufacturing Index, Retail Sales Ex Autos MoM, PPI Ex Food, Energy, […]
Will U.S. Dollar Weakness Be Bullish For Gold & Silver?

Will U.S. Dollar Weakness Be Bullish For Gold & Silver?

Image Source: Unsplash A couple of weeks ago, we highlighted the U.S. Dollar as an asset ready for a big move.King Dollar was trading sideways and at important price resistance, so something had to give.Today, we revisit that “weekly” chart and provide an update on where the buck stands.As you can see, the U.S. Dollar has lost its mojo […]
The FTSE Finish Line: Experian Scores Highly & Inflation Data Cools Supporting Sentiment

The FTSE Finish Line: Experian Scores Highly & Inflation Data Cools Supporting Sentiment

Image Source: Pixabay On Wednesday, the UK’s benchmark index experienced gains, heading for a three-day winning streak. The positive momentum was attributed to cooler-than-expected October inflation data, boosting investor sentiment. Additionally, a rise in commodity prices contributed to the upward movement, particularly benefiting mining and energy stocks as Glencore and Anglo American both posted gains of […]
Retail Sales Decreased In October But Lower Than Expected

Retail Sales Decreased In October But Lower Than Expected

Image Source: Unsplash  Retail sales fell for the first time in eight months in October, although the drop was smaller than the expected 0.3%.Retail sales witnessed a 0.1% drop in October, missing the economists’ expectations of a 0.3% decrease. However, the print marked the first decline in eight months, indicating that the US economy is cooling down […]
EUR/USD Price Analysis – Next On The Upside Comes 1.0945

EUR/USD Price Analysis – Next On The Upside Comes 1.0945

EUR/USD comes under pressure following new highs near 1.0900. Extra upside should retarget the mid-1.0900s in the near term. EUR/USD surrenders part of the recent advance to three-month highs just below 1.0900 the figure on Wednesday.The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once […]
Advance Auto Parts Q3 Earnings: Taking A Look At Key Metrics Versus Estimates

Advance Auto Parts Q3 Earnings: Taking A Look At Key Metrics Versus Estimates

Image Source: Unsplash  Advance Auto Parts (AAP – Free Report) reported $2.72 billion in revenue for the quarter that ended September 2023, representing a year-over-year increase of 2.9%. EPS of -$0.82 for the same period compares to $2.84 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.68 billion, representing a surprise of +1.48%. The […]
Despite The Inflation Celebrations, The Case Against Team Transitory Still Stands

Despite The Inflation Celebrations, The Case Against Team Transitory Still Stands

Image Source: Pexels  The excitement over a slightly softer than “expected” October inflation print extended from financial markets – where stocks soared, the U.S. dollar plunged, and bond prices soared – to economists celebrating predictions that inflation would one day come down from lofty levels…no matter what the Fed did. In a piece published before the […]
USD Index Price Analysis: Extra Losses Look Likely Below 104.00

USD Index Price Analysis: Extra Losses Look Likely Below 104.00

DXY manages to regain some composure following Tuesday’s sell-off. Losses are expected to accelerate below the monthly low of 103.98. DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday.The breakdown of the November low of 103.98 (November 14-15) should pave the way […]