Prior was +7.60 Manufacturing activity in New York State expanded in October, with the Empire State Manufacturing Survey’s general business conditions index climbing 18 points to 25.5, its highest reading since December…
Prior was 5.4% PPI final demand m/m vs +0.5% expected Prior m/m +0.4% Ex-food and energy y/y vs+4.4% expected Prior ex-food and energy 4.6% y/y Ex-food and energy m/m vs +0.3% expected Prior…
Prior 1.3% Details Retail sales MoM: +0.8% vs +0.3% expected. Prior revised to +1.2% from +1.1%. Retail sales excluding autos MoM: +0.9% vs +0.5% expected. Prior revised to +1.4% from +1.3%. Retail…
Prior was -0.4% (revised to -0.3%) Wholesale trade -1.6% vs -1.5% expected Prior trade +0.3% (revised to +0.4%) Statistics Canada publishes two monthly reports that track activity in the goods-producing side of…
Initial jobless claims: 199,000, up 1,000. Prior revised to 198,000 from 197,000. Initial claims four-week average: 198,500, up 250. Prior revised to 198,250 from 198,000. Continuing claims: 1,710,000 for the week ending…
Headlines: Ethereum extends losses after the US CPI as risk sentiment deteriorates further. What’s next? Why do altcoins crash so much harder than Bitcoin? Oil remains supported amid persistent Middle East tensions…
Ethereum tumbled yesterday following the hotter than expected US Core CPI, with a broader risk-off sentiment in the crypto market adding to the pressure. The limited changes in rate hike expectations and…
Crude oil continues to edge higher amid lack of improvements in the Middle East. As a reminder, the Saudi Arabia-Houthis conflict has intensified recently with the Houthis attacking many Saudi targets, including…
When you look at your screener and notice that Bitcoin is down 5%, you will more often than not also catch that smaller cryptocurrencies are plunging by 10% or even 20%. They…
Bitcoin tanked yesterday following the higher than expected US Core CPI, but the minor changes in rate hike expectations and the dovish repricing further out the curve, suggest the market might be…
The hotter-than-expected US CPI report yesterday was already enough to give markets a bit of a headache. And despite the initial surge higher in Treasury yields fading, there’s still evidence of jitters…
Gold nearly fell to new monthly lows yesterday following the higher than expected Core CPI but eventually recovered all the losses. I think the initial reaction was an overreaction, as I mentioned…
