Retail sales in the United States ended the first quarter in a downbeat mode as they declined by 0.3% between February and March. Expectations were for retail sales to rise by 0.1% month-on-month in March. An upward revision to February’s figure was not enough to lift the gloom for the first quarter as it was only revised up from -0.1% to 0.0%, while January’s reading was revised down from 0.2% to -0.4%. March retail spending was dragged lower by a [..]
The first week of the second quarter of 2016 looks set to start on a calm note with European industrial output data and the Reserve Bank of Australia’s April policy meeting likely to dominate the next seven days. Eurozone The Eurozone will have the busiest week starting with unemployment, producer prices and the Eurozone Sentix investor confidence index all out on Monday. Producer prices in February are expected to fall deeper into negative territory from -2.9% to -4.0%, highlighting the [..]
The first item of news following the Easter holiday was a negative for the US dollar, as personal spending missed expectations while inflation also came in lower than expectations. There was also a substantial negative revision of January’s personal spending growth (adjusted for inflation), to unchanged from an original +0.4% month-on-month growth rate. Starting with the personal income side, the news appeared encouraging as it posted a 0.2% increase (above expectations) from January, when it had risen by 0.5%. Wages [..]
After an intense two weeks of central bank activity, it will be a relatively quieter week ahead of the Western Easter break. Along with Eurozone flash PMI, inflation data for the UK and Japan will be the main data to watch over the coming seven days. Starting the week will be housing data for the United States. Existing home sales are due on Monday and are forecast to show a 2.9% decline over the month in February. New home sales [..]
The US economy added 242k jobs in February according to the latest non-farm payrolls reports, beating consensus estimates of 195k jobs. Adding to the strong data was an upward revision to January’s figure, which was revised from 151k to 172k jobs. The dollar initially spiked up 0.3% to 114.21 yen after the data and the euro fell 0.6% to 1.0902 dollars as it cemented expectations that the Federal Reserve will stick with its policy of gradual increases to the fed [..]
The US economy expanded by more than initially estimated in the final three months of 2015 as inventories rose by more than first reported. GDP grew at an annualized rate of 1% in the fourth quarter, up from initial estimates of 0.7% and above consensus forecasts of a 0.4% expansion. However, this still represents a slowdown from the 2.0% rate seen in the previous quarter. The main changes in the second estimate that drove the upward revision were higher inventories, [..]
It will be a data-packed week for Japan, the Eurozone and the United States in the next seven days with Japanese industrial production, Eurozone flash inflation and US NFP report among the major releases. Also headlining will be the latest manufacturing surveys out of China and the Reserve Bank of Australia’s March policy meeting. Japanese data will start the week on Monday with the release of industrial production and retail sales numbers for January. Industrial production is forecast to rebound [..]
Retail sales data out of the United States today showed consumer spending remained buoyant in the first month of the year. Total retail sales rose by 0.2% month-on-month in January, beating estimates of a 0.1% increase. The data is even more upbeat when considering the revision to December’s figure, which was revised up to 0.2% from -0.1%. On a year-on-year basis, retail sales were up 3.4%. The ‘control’ measure of retail sales, which excludes sales of volatile items, rebounded even [..]
In her testimony to the House Financial Services Committee, Fed Chair Janet Yellen spoke about the growing risks to the US economy in her first public statement since the December rate hike. While maintaining the Fed’s outlook that the economy will continue to grow at a moderate pace and inflation will return to the 2% objective in the medium term, Yellen stressed that monetary policy was not on a “preset course”. Pointing to the recent falls in equity prices and [..]
Personal consumption expenditure was flat in December month-on-month, falling short of expectations of a 0.1% gain. The lacklustre spending data contrasts with a healthier monthly rise of 0.3% in personal income in December. The figure was slightly better-than-expectations of a 0.2% gain and suggests that US consumers are being cautious and saving more. The savings ratio increased to 5.5% from 5.3% during the period. There was however an upward revision to the previous month’s consumption figures, which was revised up to [..]
Legal disclaimer:
The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.
This website uses cookies
By clicking “Continue”, you agree to the default cookie settings on our website.
XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.
Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.e. they record user activity and remember stateful information) and they get updated every time you visit a website.
We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.
Why are cookies useful?
We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.
Another use of cookies is to store your log in sessions, meaning that when you log in to the Members Area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.
Here is an overview of some of the functions our cookies provide us with:
Verifying your identity and detecting the country you are currently visiting from
Checking browser type and device
Tracking which site the user was referred from
Allowing third parties to customize content accordingly
This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by Google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of Google. Google will not associate your IP address with any other data held. By using this website, you give your consent to Google to process data about you in the manner and for the purposes set out above.
Change Settings
Please select which types of cookies you want to be stored on your device.
We are using cookies to give you the best experience on our website. Read more or change your cookie settings.
Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
XM Live Chat
By clicking the "Enter" button, you agree for your personal data provided via live chat to be processed by Trading Point of Financial Instruments Ltd, as per the Company's Privacy Policy, which serves the purpose of you receiving assistance from our Customer Support Department.
If you do not give your consent to the above, you may alternatively contact us via the Members Area or at support@xm.com.
All incoming and outgoing telephone conversations, as well as other electronic communications (including chat messages or emails) between you and us will be recorded and stored for quality monitoring, training and regulatory purposes.
Please enter your contact information. If you already have an XM account, please state your account ID so that our support team can provide you with the best service possible.
