Canadian Dollar Talking Points USD/CAD appears to reversing course following the failed attempt to test the June low (1.3315) as the Relative Strength Index (RSI) breaks out of the downward… Read more »
US personal income and personal spending for the month of June 2020 Personal spending 5.6% vs. 5.2% estimate. Prior month revised to 8.5% from 8.2% Personal income -1.1% vs. -0.6%… Read more »
Lagarde alluding to the central bank’s commitment on PEPP stimulus We should envisage support continuing beyond 2020 We really have to maintain attractive conditions until the middle of next year… Read more »
Latest data released by the Federal Statistics Office – 31 July 2020 Prior +6.6%; revised to +6.2% For bank trade ideas, check out eFX Plus Retail sales activity slumped in… Read more »
US June 2020 advanced goods trade data Prior was -$74.3B Imports $173.23B Exports $102.59B Exports -23.9% y/y Imports -17.2% y/y This is notably better than expected and last month’s data… Read more »
Oil Price Talking Points The price of oil may stay afloat going into the end of July as it clears the June high ($41.63), while the Relative Strength Index (RSI)… Read more »
Chicago Fed national activity index for June 2020 Chicago Fed national activity index for June rose to 4.11. That is a record high going back to at least 2000 prior… Read more »
Comments from the Dallas Fed President The headline from Kaplan in the WSJ just now is about overshooting on inflation down the road but the potentially market moving news is… Read more »
US June housing starts and building permits Prior was 974K (revised to 1011K) Starts +17.3% m/m vs +22.1% expected Prior starts +4.3% (revised to +8.2%) Building permits 1241K vs 1293K… Read more »
Huge jump for the BusinessNZ Performance of Manufacturing Index as NZ recovers from lockdown up 16.5 points from May to its highest since April 2018 NZ moved to much looser… Read more »