It seems like forever since we did any real trading. The unemployment numbers are starting to level off so it looks like the worst is over, though the recovery will be slowed because each state is opening up at a different pace. But at least some are opening back up.
For the upcoming week the trades I will post are:
Tue 1:30 AM – AUD Cash Rate
Tue 9:30 PM – AUD GDP q/q
Wed 10:00 AM – CAD Overnight Rate
Fri 8:30 AM – US Non-Farm Employment Rate
Fri 8:30 AM – CAD Employment Change
That is it for the week. The AUD Cash Rate is at 1:30 in the morning so that is out for me. Not sure any of the central banks will begin to raise their interest rates back up this early in the game, but they are seriously considering when they might start doing that.
The US NFP has a chance of causing some movement, though it will remain to be seen whether the markets are prepared to take the numbers seriously or not. The forecast is for another 8 million lost jobs in May.
Have a good weekend and let’s see if this is the beginning of a return to normalcy or not next week.