Consumer confidence is lower than expected as Wall Street braces for shutdown data blackout
Consumer confidence edged lower in September ahead of an expected data blackout caused by the looming government shutdown, the Conference Board reported.
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Sunset Market Commentary
Markets Today’s release of some national inflation figures points, if any, to slight upside risks for tomorrow’s euro area outcome. Consensus expects upward price pressures to intensify from 2% in August to 2.2% while the core measure should match last month’s 2.3%. Both being above the ECB’s 2% target validates the central bank’s steady-barring-shocks approach. […]
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Gold bounces off session lows as buyers return post-US data
Gold (XAU/USD) trims earlier losses on Tuesday, trading around $3,847 at the time of writing. -
US consumer confidence weakens to 94.2, job views hit multi-year low
US consumer confidence fell in September, with Conference Board index slipping to 94.2 from 97.8, missing expectations of 95.9 and marking the weakest reading since April. Present Situation Index dropped -7 points to 125.4, its largest decline in a year. Expectations Index edged lower by -1.3 points to 73.4, remaining below the recession threshold of […]
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Ring founder ‘backs the blue,’ says AI is helping Amazon-owned doorbell unit fight crime
Ring founder Jamie Siminoff returned to the company he founded in April to lead the business, which is part of Amazon’s devices division. -
CoreWeave stock climbs 13% after company lands $14 billion deal with Meta
CoreWeave has inked a $14.2 billion AI cloud infrastructure deal with Meta. -
Eurozone FX Today: Euro remains calm as traders eye September inflation data
The Euro (EUR) is holding steady against the US Dollar (USD) on Tuesday, with the EUR/USD pair hovering around 1.1725 at the time of writing, with no clear trend for the day. -
US CB Consumer Confidence Index dropped to 94.2 in September
US consumer sentiment lost momentum in September, as the Conference Board’s Consumer Confidence Index fell to 94.2 from a revised 97.8 (from 97.4), curtailing the previous recovery. -
GBP/JPY Daily Outlook
Daily Pivots: (S1) 199.10; (P) 199.82; (R1) 200.30; More… Intraday bias in GBP/JPY remains neutral first. On the downside, break of 198.99 support will resume the fall from 201.24 to 197.93 support. Considering bearish divergence condition in both D and 4H MACD, firm break of 197.93 will indicate bearish reversal and bring deeper fall back […]
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Breaking: US JOLTS Job Openings rise to 7.22 in August vs. 7.2 million forecast
The number of job openings on the last business day of August stood at 7.22 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday.
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