Blogs

Downside Risks for US Retail Sales

Forex

<div> <div> <p>Data starts to pick up with CPI today, along with Retail Sales and Industrial Production on Friday. The April Retail Sales are anticipated to plunge by -13.5%, with a -9.0% ex-auto drop, after respective March declines of -8.4% and -4.4%.</p> <p>Mandatory shutdowns depressed retail sales components sharp

Loonie Pressured Again

Forex

<h3>USDCAD, H1</h3> <p>USDCAD printed a five-day high at <strong>1.4065</strong> (R1), with the Canadian Dollar having weakened amid a backdrop of flagging global stock markets amid concerns about fraying relations between the US and China at a time when news of various upticks in the rates of coronavirus infections in

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