US Construction Spending Contracts Unexpectedly in June
US construction spending declined by 0.1% in June, falling short of expectations and revising down the prior month's figure.
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US construction spending declined by 0.1% in June, falling short of expectations and revising down the prior month's figure.
US manufacturing activity grew at its fastest pace in over four years in July, with the ISM Manufacturing PMI surpassing forecasts.
US manufacturing activity maintained its expansion pace in July, with the S&P Global PMI at 53.9, though new orders softened.
Despite US overtures regarding the Strait of Hormuz, Iran maintains its stance on keeping the vital shipping lane closed until regional conflicts conclude.
USDCAD has seen renewed upward pressure after finding support near 1.4000, yet key moving averages cap further advances.
A former White House economic advisor recently commented on US inflation figures, while also addressing efforts to mitigate oil market impacts.
Deutsche Bank strategists highlight ongoing inflation concerns and potential for further rate hikes from the Federal Reserve, with labor data in focus.
Bitcoin's quadrennial supply halving event is imminent, poised to reduce new coin issuance and potentially impact market dynamics.
Global markets are navigating a complex landscape, influenced by fluctuating oil prices, manufacturing data, and technology sector movements.
Bitcoin futures yields have consistently fallen below US Treasury note returns since February, impacting carry trade strategies.
Cryptocurrencies, including Ethereum and Bitcoin, experienced shifts amid US-Iran developments and various global economic reports.
The US dollar experienced a broad sell-off last week, driven by significant joint foreign exchange interventions by several nations.
Gold prices are consolidating after an initial weekly rise, influenced by mixed reports on US-Iran relations and expectations for Federal Reserve policy.
Federal Reserve official John Williams stated the Fed's current policy is well-aligned to reach its 2% inflation target, while acknowledging market pricing but emphasizing the central bank's independence.
New York Fed President John C. Williams expressed confidence in current monetary policy, expecting inflation to cool gradually.
Gold saw a modest increase following President Trump's statements on a potential Iran deal, though market skepticism limits significant gains.
Gold futures are experiencing downward pressure, testing a crucial support area around $4,100 after an unsuccessful attempt to rally earlier in the week.
AUD/JPY cross experiences significant selling pressure, reaching multi-month lows as market dynamics influence its trajectory.
Gold (XAUUSD) shows subdued movement as market participants assess US economic data and potential Federal Reserve interest rate adjustments.
Global market sentiment shows signs of improvement this week, influenced by significant economic releases and central bank commentary.
Iran's foreign ministry spokesperson stated there are no plans for direct talks with the US in the near term, despite recent US claims.
The Japanese Yen extended its upward trend against the US Dollar early this week, reflecting evolving market sentiment.
Competition among retail forex brokers in the UK and Australia has largely moved beyond headline spreads to focus on commissions and execution quality.
Euro area manufacturing output reached a 52-month high in July, driven by Germany, despite persistent weak demand and supply chain issues.
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