Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
13 October 2023,01:11
Weekly Outlook
13 October 2023, 01:11
In August, U.S. retail sales surpassed expectations due to a surge in gasoline prices, which boosted service station receipts. The rising gas prices are impacting the economy and could dampen shoppers’ momentum as holiday shopping season approaches.
Economists anticipated a CPI increase to 7.0% from July’s 6.8% due to higher fuel prices and a tax hike on alcoholic drinks. However, the unexpected 6.7% figure surprised the market. The BoE previously forecasted inflation reaching 7.1% before a notable drop to about 5% in October, still well above its 2% target.
In an unexpected turn, the latest U.S. existing home sales dropped from 4.07m to 4.04m. The housing market had exhibited signs of stabilization after the Federal Reserve’s aggressive monetary policy tightening, but it now appears to be facing challenges. Homebuilder confidence decreased, and there was a drop in housing starts during August as well.
Trade with simulated capital and earn real profits after you pass our trader assessment.
22 November 2024, 02:45 Dollar Stable Despite Quiet Week, PCE May Boost It Further
15 November 2024, 03:32 Dollar Power! Set to Hold Strong with Quiet Data Ahead
8 November 2024, 02:30 U.S. Election Aftershocks Fade, Data Back In Spotlight
Disclaimer: This website exclusively provides proprietary trading services. We do not engage in any regulated activities, offer investment management services, or manage funds on behalf of external clients. Our trading activities are conducted solely with the firm's own capital, and we do not accept client deposits or manage client accounts. It's important to note that none of the services we provide should be construed as investment or financial services in accordance with applicable laws.
This website offers services related to professional skill and experience assessment, which determine your eligibility to trade with the firm's capital. The outcome of these services is inherently determined by your individual skill level and ability to perform within the trading requirements and objectives outlined for each service separately. Clients are strongly advised to thoroughly understand the requirements of the services before signing up for any.
The content provided on this website is for informational purposes only and does not constitute financial, investment, or trading advice. The information presented is based on sources believed to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. We disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided on this website.
This website is not directed to residents of certain jurisdictions such as the United States, Singapore, Australia, China and some other specified regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.
