Ed Moya - Senior Market Analysts at OANDA – Wed 16 Oct, 2019

Just how strong is the US consumer?

Ed Moya, Senior Market Analyst at OANDA joins me to recap the recent mixed data that is shinning a light on the US consumer. The weak retail sales data is a negative sign but the strong bank earnings are telling a different story. These are both back looking data points but they are important to note as the consumer has been the main support leg for the US economy. We also wrap with comments on the extreme volatility in the Pound all thanks to the recent Brexit advancements.

Click here to follow along with what Ed is writing over at ONADA.

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Comments:
  1. On October 16, 2019 at 6:45 pm,
    CFS says:

    https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

    Looks like we will have a 0.25% cut in 13 days.
    U.S. Consumers dominate market.

    Rest of world is slowing down seriously.
    Odds are getting low of Brexit happening Oct 31, notwithstanding jump in GBP today.

  2. On October 16, 2019 at 6:52 pm,
    CFS says:

    https://www.census.gov/retail/marts/www/marts_current.pdf

    CONSUMER SPENDING DROPPING……THIS IS A pdf

  3. On October 16, 2019 at 6:55 pm,
    CFS says:

    Long term data on consumer spending can be found at:

    https://www.census.gov/retail/marts/www/timeseries.html