Articles
Here’s what’s driving the Canadian dollar higher right now
49081 March 31, 2020 23:56 Forexlive Latest News Market News
I think we’re seeing some inflows into Canadian oil and gas today because of two big government announcements.
The state of play in oil is very interesting. Canadian crude is landlocked and is trading around $5 barrel right now because of problems with takeaway capacity.
The late-March rally in the S&P 500 isn’t what you think it is
49079 March 31, 2020 23:17 Forexlive Latest News Market News
Why did Wal-Mart hit a 52-week high in March? Why is it up in the month despite an implosion in the economy?
It wasn’t because consumers are trading down from Target, or because they have improved online.
Any hope for oil?
49077 March 31, 2020 23:05 Forexlive Latest News Market News
We’re down to the final hours of Q1 2020 and volatility
could very well pick up into the close. There were reports of month end,
quarter end Dollar demand and we’ve definitely been seeing some of that on
Tuesday. As far as stocks go, things have been calm but supportive overall.
US March consumer confidence 120.0 vs 110.0 expected
49074 March 31, 2020 22:02 Forexlive Latest News Market News
ForexLive
UK coronavirus deaths rise to 1651 from 1408 yesterday
49073 March 31, 2020 21:56 Forexlive Latest News Market News
Yesterday 243 people died of coronavirus in the UK. Officials today began to count those who died in the community, rather than just in hospitals. However that rise shouldn’t yet be in today’s number because there is a process of investigating the deaths that takes time.
Goldman Sachs cuts Q2 GDP forecast to -34% as many firms forecast sharp drop
49072 March 31, 2020 21:09 Forexlive Latest News Market News
Goldman Sachs has been taking its forecasts down in steps and now sees Q2 down 34%, from -24% a fortnight ago. For Q1 they see -9% from -6%.
US January Case-Shiller 20-city house price index +3.08% y/y vs +3.23% expected
49071 March 31, 2020 21:02 Forexlive Latest News Market News
The US housing market was in good shape at the start of the year. There is no way of knowing whether that holds up when this pandemic is over.
Canada January GDP +0.1% m/m vs +0.2% expected
49070 March 31, 2020 20:33 Forexlive Latest News Market News
PPI data:
ForexLive
March consumer confidence highlights the economic calendar
49069 March 31, 2020 20:26 Forexlive Latest News Market News
The main economic data point of the day comes at 1400 GMT with the Conference Board’s March survey of US consumer confidence. The consensus is 110.0 from 130.7 but estimates range as low as 85.0 (JPMorgan).
ForexLive European FX news wrap: Dollar continues advance to start the week
49068 March 31, 2020 19:56 Forexlive Latest News Market News
Headlines:
Markets:
– USD leads, AUD lags on the day
– European equities mixed; E-minis down 0.3%
– US 10-year yields down 4 bps to 0.69%
China says that will make further targeted RRR cuts to medium and small banks
49067 March 31, 2020 19:17 Forexlive Latest News Market News
announced
ForexLive
Ford postpones North American production restart
49066 March 31, 2020 19:12 Forexlive Latest News Market News
In case you missed the earlier from two weeks back, Ford is among those who said that they will shut shop until the end of this month initially.