International Economic
US small business confidence near lowest level in almost a decade
A closely-followed gauge of small businesses' optimism in the US plumbed its lowest level since January 2013 in June, dragged lower by a fall in expectations for short-term business conditions and sales.
Bitcoin price focus on $20,000, "but $18,500 and $17,500 are more important"
Bitcoin succumbs to downward pressure in recent days as 'bears' regained momentum after the digital currency failed to consolidate above $22,000. It left a session low below $20,000 on Monday, which it extends on Tuesday to its worst swing in the past week, despite the efforts of whales and shrimp to keep the price afloat.
Yellen says Forex intervention only warranted in 'rare circumstances' - WSJ
The head of the US Treasury Department showed reluctance to intervene in foreign exchange markets in support of the yen.
German investor expectations slump amid worries about energy supply
German investor expectations slid in July amid worries about energy supply, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
"$20,000 has become the new battle front for Bitcoin"
This week starts with falls for the cryptocurrency market, with Bitcoin returning to $20,000 after failing to consolidate price levels above $22,000. Last Friday, the dean coin of the digital token market leapt above that mark, however, it has failed to consolidate its advance, which opened the door for it to stretch the rally above resistances at $23,000 and $25,000. The outlook for Ethereum is similar, falling back to $1,150, with a chance of retesting the $1,000 resistance level.
ECB's Holzmann argues for 125bp of ECB hikes by September
The head of Austria's central bank argued in favour of a faster pace of monetary policy tightening should the outlook for inflation not improve.
Chinese producer price inflation eases in June, but CPI gains accelerate
Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.
US non-farm payrolls growth slows to 372,000 in June
US non-farm payrolls growth slowed to 372,000 during the month of June. , although some economists noted that an alternate measure of labour demand contained within the same report came in much softer.
Bitcoin and cryptocurrencies rally, are they headed to $23,000 and $25,000?
Bitcoin (BTC), Ethereum (ETH) and the cryptocurrency market in general embarked on a bullish rally that has seen more than $60 billion in purchases enter the digital tokens in 24 hours, bringing the total value of these assets to $970 billion, a rise of 5%. This advance translates into gains for Bitcoin of around 8% and a rise to $22,000, a resistance level it has broken to set three-week highs, opening the door for a continued bull run to $23,000 and then $25,000.
Too soon to position aggressively for interest rate cuts, BofA says
Strategists at BofA Securities highlighted the recent "big rotation" into technology issues, those of the biotechnology sector in particular.
BofA thinks euro-dollar parity 'likely', recommends US investors hedge
Foreign exchange strategists at Bank of America Securities thought euro at parity against the US dollar was "likely".
US trade deficit narrows a tad less than expected in May despite jump in exports
America's shortfall on trade with the rest of the world narrowed a tad less than expected last month despite a jump in exports.
US secondary weekly jobless claims rise slightly
US unemployment claims moved slightly higher during the preceding week.
Bitcoin consolidates at $20,000, but institutional investors remain bearish on cryptos
The cryptocurrency market is in for another day of trying to consolidate recent moves in major tokens, with their total capitalization nearing $920 billion, according to data from CoinMarketCap. Bitcoin clings to $20,000, while Ethereum advances above $1,150, but experts warn that crypto assets are not remotely far from danger yet, as more selling and further downward pressure is expected.
German May industrial production rises less than expected
German industrial production rose less than expected in May as supply chains constraints worsened due to the war in Ukraine and Covid lockdowns in China, according to official data released on Thursday.
US services sector acitivity slows less than expected in June, ISM says
Activity in America's services sector slowed by less than expected last month, the results of a key survey revealed.
'Technically speaking' it's highly unlikely US is already in a recession, BofA says
It was "highly unlikely", technically speaking, that the US economy was in a recession, Bank of America Securities said, although there were some caveats.
European Commission raids online food delivery cos amid cartel concerns
The European Commission said on Wednesday that it had carried out unannounced inspections at the premises of online food and grocery delivery companies in two member states.
Bitcoin´s determined to consolidate at $20,000 as JP Morgan anticipates the end of cryptowinter
The cryptocurrency market recovers $900 billion global capitalization on Wednesday, during the heat of Bitcoin (BTC) and Ethereum (ETH), as they cut Tuesday´s losses and tried to consolidate at $20,000 and $1,100, respectively. Digital assets left a day of high volatility on July 5th, with rises as high as 6% for BTC and 10% for ETH, but which ended up being diluted to the point where the main cryptos turned around and moved into declines.
Eurozone construction PMI falls further in June
Activity in the eurozone construction sector fell further in June, according to a survey released on Wednesday.