Prior was +0.5% Private construction +0.5% Residential construction +1.5% Non-residential construction -0.7% Public construction -0.5% m/m Public construction +3.6% y/y Given the jumps in shares of CAT and DE, there better be some construction spending in the pipeline. The annualized rate in the report is $2,168.8 billion, which is down 0.4% from last December. Private construction was 2.9% below…
DXY fell about 0.2% on Friday, grinding back into 97.60 after a hotter-than-expected Producer Price Index (PPI) report amplified concerns that inflation is proving stickier than the Federal Reserve (Fed) would like, weighing on growth expectations and dragging the Greenback lower.
The USDCAD moved lower in the latest hourly bar, testing Monday’s low near 1.3649. The break lower has been modest so far, but sellers remain in control as downside pressure persists. Earlier in the session, the pair briefly moved higher following the PPI release, but that rally quickly faded after the price tested the 100-hour moving average at 1.3686,…
DBS Group Research expects Taiwan’s upcoming January export orders and industrial production to show strong double-digit growth, helped by last year’s low base and robust global AI-driven demand, alongside semiconductor and ICT inventory restocking. February CPI is forecast above 1.5% on holiday-related food and services prices. The statistics agency’s upgraded 2026 GDP and CPI forecasts broadly match DBS projections….
As the Israel-Iran war moves into its second day, the story is escalating fast, and markets are already treating it as a week-level event rather than a one-night shock. Reuters reported that Iranian state media confirmed the death of Iran’s Supreme Leader Ayatollah Ali Khamenei following US and Israeli strikes. (Reuters) In parallel, U.S. President Donald J. Trump posted…
United States CFTC S&P 500 NC Net Positions: $-193.5K vs previous $-177.8K
Silver is up nearly 6% as it looks to break out of a recent range. These are the best levels since the crushing rout on January 30. Notably, that was the final trading day of January and this is the final trading day of February. The chart suddenly looks more promising as it breaks above the early February highs….
United Kingdom CFTC GBP NC Net Positions: £-57.1K vs previous £-42.4K
There is no sense over-analyzing price action today across markets. Yes, there is the usual software anxiety in stock markets but the overarching theme across bonds, FX, commodities and precious metals is simple — angst about US strikes on Iran. That thinking has US 10-year yields below 4% for the first time since November while oil prices are up…
Eurozone CFTC EUR NC Net Positions fell from previous €174.5K to €156.9K
