US retail sales to register a soft 0.1% gain for October - TD Securities

Eren Sengezer FXStreet

Previewing next week's macroeconomic data releases from the United States, "We look for retail sales to register a soft 0.1% gain for October as a decline in auto sales likely kept headline sales subdued," said TD Securities analysts.

Key quotes

"However, we expect a rebound in the control group to be the main driver of headline growth, reflecting still-solid consumer spending. Sales at gasoline stations should also boost growth on the back of a gain in gasoline prices in October."

"We look for headline inflation to remain unchanged at 1.7% y/y in October, partly aided by an increase in energy prices. Core inflation should decline a tenth to 2.3% y/y. We expect core goods inflation to recover m/m, but for core services inflation to slow to 0.2% m/m after four straight increases at 0.3%."

"Public appearances by the FOMC "core" (Powell, Clarida, and Williams) will drive Fed communication. We look for Chair Powell to reiterate the FOMC policy message that monetary policy and the economy remain "in a good place" during his two-day visit to the Hill. Vice-Chair Clarida could offer additional details about the ongoing Fed Framework Review at the Cato Conference."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold consolidates below $5,150 as traders await Trump's State of the Union address

Gold steadies below the $5,150 level following the previous day's pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed's less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.