Blogs

Major indices higher on the day For bank trade ideas, check out eFX Plus

NAHB housing market index for June 2020 – prior month at 37 – NAHB housing market index jumps to 58 from 37 last month. That was much stronger than the 45 estimate as well

April 2020 US business inventories For bank trade ideas, check out eFX Plus

May US industrial production data This is a big contrast to the retail sales report. There's nothing in the details that jumps out as a big skew. For bank trade ideas, check out eFX Plus

Canadian dollar nears the highs of the day Never bet against the US consumer. It's an old adage for a reason. Even in a pandemic, they always find a way to dig into their pockets and spend. A huge question in markets is whether or not people will head back to stores after the lockdown […]

Canada international securities transactions for April 2020 A big rebound after the sharp decline in March. Investors returned to the Canadian market as the initial impact of coronavirus started to ease a bit.

May 2020 US retail sales report highlights: Big beat on retail sales and the prior numbers were revised higher. The highlighted column gives you a sense of where the spending is. Restaurants are still struggling but building material & garden centers

What's coming up today The North American economic calendar is going to be a factor in trading today. S&P 500 futures are up 50 points after a 25-point gain yesterday.

Forex news from the European morning session – 16 June 2020 Headlines: Markets: – GBP leads, EUR lags on the day – European equities higher; E-minis up 1.2%

Powell will testify on the semiannual monetary policy report at 1400 GMT Just take note that whatever he is going to be touching on has already been released .