Canada PPI data – Prior was revised higher to 1.2% from 1.0% previously reported – YoY +5.1% on the year – the largest upside contributor was motor vehicle recreational vehicles ForexLive
Canadian May monthly GDP data Details: – Goods producing +0.6% – Service producing +0.5% – Mining, quarrying, oil & gas +1.8% m/m and +6.4% y/y – Utilities -2.4% This was a solid report that wasn’t driven by and clear one-off. 19 of 20 industrial sectors rose while all services-producing industrial rose. The jump in mining,…
Prior quarter came in at +0.8% – Wages and salaries up 0.5% vs Q1 0.9% gain – Benefit costs +0.9% vs 0.7% in the Q1 ForexLive
June 2018 personal consumption expenditure report highlights Consumers There isn’t much to be happy about here for the dollar bulls, although the revision to the prior personal spending is a silver lining.
Canadian GDP and the US PCE report kick off the day A big data dump kicks off the North American trading data at the bottom of the hour including: The PCE report sets the stage for the start of the two-day FOMC meeting. A miss could leave a strong impression on the Fed and on…
European wrap-up I’m wrapping things up here and handing over to Adam who will lead you through the tier one Canadian and US data to come. If you’re just waking up and logging into your charts, take a look at today’s ForexLive European session discussion below:
Closing changes for the main European indexes ForexLive
As the narrative unfolds Just an update on the charts I’ve focussed on during today’s session. My attention has obviously been on the JPY and the EUR as central bank action and economic data has guided today’s narrative throughout.
Data from the Dallas Fed ForexLive
Again from China state media (who else) Following on from we just saw. the Chinese Politburo comments Headlines: – China is able to win the battle against various risks and challenges