Watch Jerome Powell, Steven Mnuchin testify before House finance committee on pandemic response
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are testifying Tuesday before the...
Financial inclusion: Mexico is missing a move to digital banking
When the history of the coronavirus’s impact on Latin America is written, it will highlight the acceleration that the virus had on the shift to digital banking and the subsequent economic impact of this. Countries throughout the region have, in...
Australian Retail Sales and China PMI May Stir But Not Break Aussie’s Range
As markets grapple with the real threat of escalating virus cases derailing the global economic recovery, the risk-sensitive Australian dollar will be keeping an eye on a number of indicators out of Australia and China this week. The Caixin/Markit manufacturing...
U.S. consumer confidence for June jumps more than expected
A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Consumer confidence rose...
Home prices heated up in April, despite brief sales drop from coronavirus, S&P Case-Shiller says
A for sale sign is seen in front of a home as the National Association of Realtors released a report showing that home sales dropped in December of 2017 on January 24, 2018 in Miami, Florida. Joe Raedle | Getty...
Nearly half the U.S. population is without a job, showing how far the labor recovery has to go
Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus. The employment-population ratio — the number of employed people as a percentage of the...
Dollar Firms Up But Yet to Break Resistance Against Weakening Euro
Dollar continues to stay firm in early US session as supported by strength against Sterling, Yen and to a lesser extent Canadian. Yet, the moves are rather indecisive elsewhere. The greenback remains bounded in range against Euro and Aussie, and...
GBP/USD Outlook: Downbeat Economic Data and Weakening Risk Mode Maintain Pressure on Sterling
Cable remains firmly in red for the third straight day and pressures pivotal support at 1.2250 (Fibo 76.4% of 1.2074/1.2813/Monday’s low, the lowest in one month). Fresh weakness probes again into thick daily cloud after Monday’s dip failed to register...
USD/CAD Tests Key Resistance Ahead Of Key North American Data
Overall, though, sentiment remains positive towards risk assets with the downside for stocks being limited thus far. So, if the stock market were to resume its rally, then this should help the Canadian and other commodity dollars to rise further....
EURUSD 1.1200 Must Hold
The euro currency is attempting to recover higher against the US dollar, following a sudden drop towards the 1.1200 support level this morning. A loss of the 1.1200 support level could see the EURUSD pair suddenly dropping towards the 1.1155...