US retail sales rise 0.1% in November, below expectations

Ani Salama FXStreet

US retail sales rose a seasonally adjusted 0.1% in November from a month earlier to $465.5 billion, the Commerce Department said Wednesday.

This reading comes below the 0.3% expected by analysts and below the 0.6% growth seen in October, which was downwardly revised from 0.8% initially estimated. From a year earlier, sales increased 3.8%

Excluding auto and parts purchases, sales rose 0.2%, also below the 0.4% expected.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

EUR/USD breaches 1.2000 to hit fresh daily lows

EUR/USD loses further momemtum, breaking below the 1.2000 support to reach daily troughs on Wednesday. The pair has pulled back from a five-year high as demand for the US Dollar picks up again, all prior to the key FOMC gathering late in the European evening.

GBP/USD slips back below 1.3800 on USD-buying

GBP/USD is holding on to chunky losses below the 1.3800 support on Wednesday. Cable’s correction comes amid the US Dollar’s decent comeback as traders lock in profits and square positions ahead of the key policy announcements from the Fed later on Wednesday.

Gold remains bid below $5,300 ahead of Fed

Gold keeps pushing into fresh all-time highs for an eighth straight session, edging past the $5,300 mark per troy ounce early on Wednesday. Investors are still flocking to traditional safe havens amid lingering economic and geopolitical uncertainty ahead of the FOMC event.

BoC set to keep rates unchanged, reinforcing its wait-and-see stance

The Bank of Canada is widely expected to leave its benchmark rate unchanged at 2.25% at Wednesday’s meeting, extending the pause it signalled back in December. The Bank of Canada will announce its policy decision on Wednesday at 14:45 GMT alongside the Monetary Policy Report.

Big Tech Earnings: Tesla, Meta, Microsoft, Apple to steer market trajectory

Four companies are set to decide the direction of the stock market this week, with guidance – not headline earnings – likely determining whether the AI rally continues or cracks.

Bitcoin Cash Price Forecast: Retail interest sparks in BCH amid reversal chances

Bitcoin Cash (BCH) is trading around $600 at press time on Wednesday, framing a potential double bottom reversal on the daily chart. The BCH token is witnessing renewed capital inflows into its futures contracts amid a positive funding rate cycle, signaling renewed investor interest.