The market had been expecting +0.2% MoM
Q1 completed contruction work +5.5% QoQ (+3% expected)
AUD/USD dipped to .9780 on the retail sales headline
The market had been expecting +0.2% MoM
Q1 completed contruction work +5.5% QoQ (+3% expected)
AUD/USD dipped to .9780 on the retail sales headline
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Govt shutdown odds hit 80%! Bitcoin slides as fears mount. Traders eye risk assets.
Bitcoin drops 30% from ATH, testing $87K support. CME futures gap at $89K, watch for revisit. Bearish momentum persists.
Ark Invest buys $21.5M in COIN, CRCL, BLSH on dip. CRCL down 10% wkly, COIN/BLSH off 2-3% Fri. Crypto faces bearishness.
Gold futures hit $5,013.40, up 0.7%, driven by tariff threats & safe-haven demand. 1-yr gain hits 81.7%.
S&P 500 surged 16% in 2025, defying forecasts. High P/E ratios (CAPE 40.42) signal AI bubble risk. Traders eye 2026 targets.
Fed holds rates steady, signaling patience. Traders eye inflation data for future cuts; 50bps easing eyed in H2 2026.
UK 10-yr gilt yields dip to 4.47% as Starmer blocks Burnham, easing fiscal policy fears. Bond market relief.
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