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Month: June 2023

Cryptocurrencies

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

The Weekly Bottom Line: Consumer Updraft Supports Hawkish BoC

U.S. Highlights Housing starts rose 21.7% month-on-month (m/m) in May, hitting its highest level in 13 months as both single-family and multi-family construction picked up. Existing home sales grew 0.2% m/m in May with elevated Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

Weekly Economic & Financial Commentary:

Summary United States: Economic Resilience Suggests the Fed Has More Work to Do Chair Powell noted this week in Congressional testimony that economic activity has been resilient in the face of higher interest rates, suggesting Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

Weekly Focus – Hawkish Surprise

Rates markets prepare for recession as yields curves inverted further this week. With a hawkish tilt to central bank decisions this week, Bank of Japan (BoJ) continues to stand in stark contrast supported by several Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0933; (P) 1.0972; (R1) 1.0995; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1011 is seen as the third leg of the corrective pattern from Read more…

By , 2 years ago June 23, 2023
Cryptocurrencies

ECB de Cos: Not appropriate to forecast rates after July hike

ECB Governing Council member Pablo Hernandez de Cos conveyed his anticipation of another interest rate hike. He underscored that ECB’s decisions would continue to rely on key data and inflation outlook. He stated today, “If Read more…

By , 2 years ago June 23, 2023

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