Previous Trading Days Events 15.04.2024

U.S. retail sales increased more than expected in March, further evidence that the economy ended the first quarter on solid ground.

Strong retail sales prompted economists at Goldman Sachs to boost their gross domestic product GDP growth estimate for the first quarter to a 3.1 annualised rate from a 2.5 pace. The economy grew at a 3.4 rate in the fourth quarter.

The stronger economic activity remains, the slower inflation declines and the later the Fed responds with rate cuts, said Kathy Bostjancic, chief economist at Nationwide. The lack of moderation in consumer spending and inflation could push off rate reductions to next year.

Despite higher inflation and borrowing costs, spending is continuing to hold up, thanks to the resilient labour market.

Financial markets and most economists have pushed back their expectations for the first rate cut to September from June, and anticipate two rate cuts instead of the three envisaged by policymakers. 

Source httpswww.reuters.commarketsususretailsalesbeatexpectationsmarch20240415

Winners vs Losers

Metals remain on the top with Silver gaining 2.21 and Gold gaining 1.04 so far. Silver has remarkably gained 14.03 for this month. The dollar continues with strengthening bringing the USDJPY  and USDCAD to the upside.

News Reports Monitor Previous Trading Day 15.04.2024

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Midnight Night Session Asian

No important news announcements, no…