The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action. more...
China's exports grew more than expected in March and imports logged an unexpected fall largely due to the lockdown and supply chain disruptions, official data revealed on Wednesday. Exports grew 14.7 percent on a yearly basis in March, the General Administration of Customs said. This was faster than the expected growth of 13.0 percent but slower than the 16.3 percent expansion posted previously. more...
German exports rebounded at a stronger-than-expected pace in February, data from Destatis showed on Monday. Exports grew 6.4 percent on a monthly basis, reversing a 3.0 percent fall in January. Shipments were forecast to climb 1.5 percent. more...
The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC) gradually rollback the voluntary production cuts in response to COVID-19. more...
- U.S. Advance Retail Sales to Increase for Second-Consecutive Month. - Household Spending Has Risen Four Out of Last Ten-Months. Trading the News: U.S. Advance Retail Sales Another 0.2% expansion in U.S. Retail Sales may fuel speculation for a December Fed rate-hike and spur a near-term pullback in EUR/USD as central bank officials largely endorse an upbeat outlook for the world’s largest economy. What’s Expected: ...
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