BTCUSD Analysis: Price Has Updated High of the Year, What's Wrong With That?

Fink's words were received with enthusiasm by the crypto community, which gave the market a bullish mood. The price of BTC/USD yesterday updated the maximum of the year.

Canadian Dollar on a Roll ahead of US, Canada Job Reports

It has been a good week for the Canadian currency, which is up about 1% against its US cousin. We can expect some significant movement from USD/CAD in the North American session, as both Canada and the US release the June employment reports.

Canada's Labour Market Roars Back into Action in June 

A June rebound in hiring keeps Canada's job market resilience intact. The rise in the unemployment rate over the past two months is coming against a backdrop of job gains, and full-time positions no less, but the labour force growth has been even stronger. Month-to-month swings in job gains are volatile in Canada, but looking at three and six-month trends in hiring, job gains have slowed, in line with our forecast for the unemployment rate to rise towards 6% by the end of this year.

US: Job Growth Slows in June, Remains Elevated on a Trend Basis 

The U.S. economy added 209k jobs in June, slightly below the consensus forecast of 225k. Revisions to the two prior months were negative, subtracting 110k jobs from the previously reported figures.

Sunset Market Commentary

Markets: After yesterday’s US-data inspired bond market sell-off, (bond) markets temporary shifted into a lower gear, awaiting confirmation from the US payrolls report. Still, in the this ‘wait-and-see pause’, the natural drift in yields remained north. ECB speakers in the meantime held to their recent mantra. ECB de Guindos repeated that underlying price pressures remain […]

Week Ahead – US Inflation Report, BoC and RBNZ Meetings Eyed

Another exciting week lies ahead for FX markets, before trading conditions start to wind down for the summer. The spotlight will fall on the latest US inflation report, which could help the dollar break out of its recent stalemate. Central bank meetings in New Zealand and Canada will also be closely watched, especially the Bank of Canada rate decision, which is currently priced as a coin toss.  

Will Upcoming UK Data Allow the Pound to Keep its Crown?

Following the 50bps hike by the Bank of England in June, many market participants are now convinced that another increase of that size will be delivered in August, while they are anticipating several more hikes before the Bank calls the end of this tightening crusade. So, as they try to better assess how the Bank will move forward, next week, investors are likely to pay attention to Tuesday’s jobs data for May (06:00 GMT) and Thursday’s monthly GDP for that same month (06:00 GMT).

Research US

The persistent strength of the US economy's service sector combined with steady labour market and too fast wage inflation call for one more Fed hike in July.

Weekly Economic & Financial Commentary: Light Still Green for the Fed to Hike Despite Soft Jobs Report

June hiring data came in short of expectations and signal the recent trend in hiring is clearly lower. But continued economic resilience and generally robust incoming data still give the Fed the green light to resume monetary policy tightening on July 26.

Bitcoin Holds Its Range, But Pressure Mounts

Bitcoin starts the week near $30.20K, having fended off attempts to break below a meaningful round level since the second half of last week. However, Bitcoin failed to break out of its range at the beginning of last week, where it has been consolidating for the past three weeks. We should be prepared for BTCUSD to go deeper into a correction just below $29.0K.