Housing starts were very firm in the April report (1143K vs. est. 1064K), marking a strong bounce after pent up activity through a difficult winter. As the US strategists point out, what's also important is that this lif…
Housing starts were very firm in the April report (1143K vs. est. 1064K), marking a strong bounce after pent up activity through a difficult winter.
As the US strategists point out, what's also important is that this lift does not look ready to fade next month as building permits have continued to march steadily higher suggesting there is a decent amount of activity in the pipeline.
Tonight we get the FOMC Minutes for the April 29 meeting. Recall the Fed did a good job of making the April press statement a non-event by simply marking-to-market as many expected. They described Q1 weakness as a one-off rather than the beginning of a trend and looked past the March weakness in NFP.
"We think tonight's Minutes will reflect these sentiments and should be consistent with a September start to tightening",said RBC Capital Markets in a report on Wednesday.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
