Articles
More Americans than believed are making more on unemployment (sometimes much more)
53933 May 29, 2020 21:02 Forexlive Latest News Market News
How much should someone earn who is laid off due to COVID-19?
You can certainly make the case they should be made whole and that was the idea of the CARES Act. It took the regular $370 weekly US unemployment benefit and added $600 to get to the average
US April personal spending -13.6% vs -12.8% expected
53932 May 29, 2020 20:35 Forexlive Latest News Market News
Details:
See here for global coronavirus case data
Canada Q1 GDP -8.2% vs -10.0% expected
53931 May 29, 2020 20:33 Forexlive Latest News Market News
See here for global coronavirus case data
US advance goods trade balance for April $-69.7 billion vs. $-65.0 billion estimate
53930 May 29, 2020 20:33 Forexlive Latest News Market News
– US advance goods trade balance $-69.7 billion vs. $-65 billion estimate
– prior month revised $-64.4 billion
See here for global coronavirus case data
US wholesale inventories for April (P) 0.4% vs. -0.7% estimate
53929 May 29, 2020 20:33 Forexlive Latest News Market News
– US wholesale inventories preliminary for April +0.4% vs. -0.7% estimate
– prior inventories -1% vs. -0.8% initially reported
See here for global coronavirus case data
ForexLive European FX news wrap: Softer dollar as markets wait on Trump
53928 May 29, 2020 19:49 Forexlive Latest News Market News
Headlines:
Markets:
– EUR leads, USD lags on the day
– European equities lower; E-minis down 0.3%
EU’s De Rynck on Brexit talks: It is a tall order to get an agreement on fisheries by the deadline
53927 May 29, 2020 19:35 Forexlive Latest News Market News
– The position on fisheries is still similar, but must find space for compromise
– There is no appetite on the EU side to revise the mandate on fisheries
He is clearly trying to tone down the report on this matter from earlier in the
Trump lambastes Twitter, says it is doing nothing about the lies and propaganda from China
53926 May 29, 2020 19:29 Forexlive Latest News Market News
Twitter is doing nothing about all of the lies & propaganda being put out by China or the Radical Left Democrat Party. They have targeted Republicans, Conservatives & the President of the United States. Section 230 should be revoked by Congress. Until then, it will be regulated!
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All eyes on Trump now
53925 May 29, 2020 18:17 Forexlive Latest News Market News
Treasury yields are also keeping a tad lower with 10-year yields down by 2 bps to 0.669%, though Treasuries have not been any great indicator of market sentiment lately.
Heads up: Fed chair Powell to speak later in the day
53924 May 29, 2020 17:33 Forexlive Latest News Market News
The event carries the title of ‘Princeton Reunions Virtual Talk: A conversation with Federal Reserve chair Jerome Powell and Alan Blinder’. For some context, Blinder was the former Fed vice chair during Bill Clinton’s presidency.
Eurozone May preliminary CPI +0.1% vs +0.1% y/y expected
53920 May 29, 2020 17:02 Forexlive Latest News Market News
Inflation readings may not be a major focus in the market right now, but it will be once the dust settles down a bit more from the coronavirus crisis.
Drop in oil prices and falling DXY keep USDCAD cornered
53917 May 29, 2020 16:40 Forexlive Latest News Market News
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See here for global coronavirus case data