Blogs

Watch out for comments The main item to watch out for is Hong Kong/China talk. If he gets serious about retaliating for China's roundabout of Hong Kong law then it could hit risk trades.

A look at the upcoming data Monday is a holiday in the US so that will compress the trading week. The main focus is going to remain on the virus but optimism is rising about the reopening and expect to read many anecdotal reports about how busy (or not) businesses are at the moment.

Comments from the trio of Commonwealth countries The Global Times a NPC official who says that the Hong Kong legislation is ready and will be passed by the Standing Committee, likely on May 28.

HKD remains near the top of its trading band In 2018 and 2019, the USD/HKD was frequently up against the top end of its trading range at 7.85 but it fell to the lower bound of 7.75 as the virus hit China and has largely remained there, despite a small blip to the upside the […]

Comments from White House economic advisor Kevin Hassett Hassett is an odd guy to be commenting on this. He's the economic guy but he's not the guy who is usually talking about sanctions or things along those lines. I mean, "strongly urge"?

Earlier decline erased S&P 500 futures had fallen as much as 35 points earlier but they've recovered all those losses and are trading close to flat ahead of the open. The index fell 23 points yesterday.

China has ended Hong Kong's autonomy and signaled aggression in Taiwan On pure politics alone, you have to give China credit: They opportunistically used a global pandemic to end Hong Kong's autonomy.

Canada March retail sales data The ex-autos headline was much stronger than anticipated but March is ancient history at this point and I don't think it matters. Canadians reacted to the pandemic about the same as everyone else.

Forex news from the European trading session – 22 May 2020 Headlines: Markets: – JPY leads, AUD lags on the day – European equities a little lower; E-minis down 0.3%

It is going to be an interesting end to the week See here for global coronavirus case data At the lows today earlier in the session, S&P 500 futures were down by a little over 1% but they have since recovered in the past few hours to be down by around 0.3% to 0.4%.