Coming up at 0130GMT on Tuesday 16 June 2020 Also, quick snippet previews: WPAC: – The market will be looking for any comments around the recent AUD surge and the expected timing of the recovery. ASB:
Blogs
Fed says it'll expand its "main street" lending program even further – to provide credit access for non profits
Improved credit access for non-profits – are they referring the vast majority of hedge funds? That is a joke folks, K? Here we go, headlines via Reuters: Fed proposal to expand its main street lending program to provide access to credit for nonprofit organizations
Fed's Daly: I expect our current stance to continue until the economy has largely recovered what’s been lost
Comments from Daly: For bank trade ideas, check out eFX Plus
Tips for closing out news-based trades
News based trading Looking to trade off the news? to learn more.
How to predict market moving news?
Market moving news Looking to trade market moving news? to learn more.
Why traders care about non-commercial COT data
Using COT data Looking to trade off insights from the COT report? to learn more. Checkout ForexSource.co
South Korea exchange triggers its 'sidecar' (yes, sidecar)
South Korea's KOSPI (share price index ) is up circa 4% (KOSDAQ is even stronger) In brief: – The 'sidecar' is a rule that lets the Korea Exchange (KRX, the operator of SK's bourse) halt futures trading of equities during periods of extreme market volatility.
Fed Powell: Indicators point to stabilization and some modest rebound in economic activity
<p>In the Semiannual testimony to Congress, Fed Chair Jerome Powell said some recent indicators have pointed to a”stabilization”, and in some ares a “modest rebound” in economic activity. However, levels of output and employment remain “far below their pre-pandemic levels”. “Significant uncertainty re
US retail sales rose 17.7% in May, ex-auto sales rose 12.4%
<p>US retail sales rose 17.7% to USD 465.5B in May, wall above expectation of 7.6% mom. Ex-auto sales rose 12.4% mom, above expectation of 5.1% mom. Ex-gasoline sales rose 18.0% mom. Ex-auto, ex-gasoline sales rose 12.5%. For the period Mar through May, headline sales dropped -10.5% yoy from the same period a year ago. Full […]
Germany ZEW rose to 63.4, s growing confidence that the economy will bottom out by summer
<p>Germany ZEW Economic Sentiment rose further to 63.4 in June, up from 51.0, beat expectation of 60.0. That’s the third consecutive month of increase. Current Situation improved slightly to -83.1, up from 83.5, above expectation of -84.8. Eurozone ZEW economic sentiment rose to 58.6, up from 46.0, beat expectation of 53.4. Eurozone Cur