Deficit to -USD 85.2 billion, from a previous -
USD 92.0 billion. US Personal Income in May was at
-13.1%, beating median forecasts at -14.2%. Chicago’s PMI rose
to 75.2 from
67.9.
EUR/USD – The Euro initially slid to an overnight low at 1.21326 in early trade following the release of the US PCE inflation report. Other US economic reports were mixed and saw the single currency rally to close at 1.2190, near its overnight high but little changed from Friday’s 1.2197.
GBP/USD – Sterling, like the Euro dipped to 1.41361 overnight low before lifting toward the close of trade to a 1.4190 finish, from 1.4200 in early Friday. The Pound, like the Euro closed near its overnight peak (1.42056).
Riptide Market, Larry Summers on the Fed, Crypto Crackdown, Watching CVS
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Futures, Global Stocks Rise As Dollar Rout Accelerates
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The consensus is for 1.710 million SAAR, down from 1.739 million SAAR in March. - Wednesday, May 19th -
mortgage purchase applications index.
During the day: The AIA s
Architecture Billings Index for April (a leading indicator for commercial real estate).
2:00 PM: - Thursday, May 20th -
8:30 AM: The
initial weekly unemployment claims report will be released. The consensus is for a decrease to 460 thousand from 473 thousand last week.
8:30 AM: the
Philly Fed manufacturing survey for May. The consensus is for a reading of 43.2, down from 50.2. - Friday, May 21st -
10:00 AM:
Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 6.09 million SAAR, up from 6.01 million.