The BOC meets September 9 The Canadian consumer was super-strong in May as retail sales rose 2.0% m/m. That’s expected to unwind in June with a 0.2% decline. Ex-autos is forecast at -0.1% after a 1.4% rise.
EUR/USD rises to a session high of 1.1614 ForexLive The dollar index is dragged to its lowest levels on the day down 0.2% as the greenback is slipping across the board. The catalyst is Cohen’s lawyer’s comments stating that Cohen has knowledge of the Russian conspiracy – something that could threaten Trump or at least…
Two big appointments coming up The European Council President (Tusk) and European Commission President (Juncker) are appointed every 2.5 years and Handelsblatt says Merkel is focused there, rather than getting her guy (Weidmann) at the head of the ECB.
Michael Cohen’s lawyer, Lanny Davis, on the wires ForexLive
Retail executives gush about consumer Shares of retailers have been very strong recently. Shares of Target are at an all-time high today after reporting its strongest same-store sales in 13 years.
Latest data from the Mortgage Bankers Association for the week ending 17 August – Purchase index 232.1 vs 225.5 prior – Market index 349.9 vs 335.8 prior – Refinancing index 982.7 vs 927.5 prior
Freeland upbeat “We’re hearing optimism from them,” on NAFTA. There’s a big idea out there that Canada was ‘excluded’ from the US-Mexico talks recently. That’s partly because Trump tried to make a big deal about it but there’s a fundamental misunderstanding of what happened.
Forex news from the European trading session – 22 August 2018 Headlines: Markets: – NZD leads, AUD lags on the day – European equities mixed, mostly a little higher
Goldman Sachs cuts forecast for 10-year yields Those all still represent rates moving higher in the next four months, but not as aggressively as earlier in the year.
Continental AG issues profit warning, shares fall 8% ForexLive European stocks recovered from softer opening tones in the first hour but the DAX is seeing a rather short-lived reprieve. This comes as Continental AG decides to revise its guidance for the current fiscal year and cuts 2018 sales along with adjusted EBIT margin guidance.