Non-Farm Payrolls will tell us Friday.

The Euro-Zone Retail PMI has been a mixed bag over the last three releases in terms of price action. A record low in April saw a sharp move lower but previous releases lack any punch. Further deterioration in demand may provoke a similar reaction in price volatility as the gauge falls deeper into contraction.

Oil prices are rising and the US dollar is falling, but is this the natural relationship between these two assets?  Taking a look back at the two prominent oil shocks of the past four decades, we see that this is not necessarily the case.

The Canadian economy has continued to remain resilient in the face of the headwinds from the U.S. slowdown.

Negative economic data spurred mix trading for the US dollar, but continued to rack up gains against the low yielding Swiss franc.

The Bank of England's rate decision has been an ominous presence around the past three industrial production releases, and this month will be no different.

The Federal Reserve cut interest rates by 25bp yesterday and hinted that they will pause when they meet again in June. In response to this shift, the market immediately priced in an 85 percent chance that interest rates will be left at 2 percent at the next two monetary policy meetings.

Canadian fundamental data will have the stage to itself, with no U.S. releases scheduled for Friday, which should provide trade worthy event risk.

Conditions in the UK housing and credit markets have steadily gone from bad to worse, and are becoming eerily reminiscent of the beginning of the collapse of the US housing sector.