18-Year Housing Cycle Points to Imminent Crash, Analyst Warns
Macro analyst Jason Pizzino uses the 18-year housing cycle to predict a market crash, with housing already showing signs.
Macro analyst Jason Pizzino uses the 18-year housing cycle to predict a market crash, with housing already showing signs.
The US jobs report beat expectations, the dollar initially jumped then fell back, and the yen showed signs of intervention.
Bitcoin slid below $80,000 after a stronger-than-expected US jobs report, with traders seeing roughly 50-60% odds of a Fed rate hike in September.
Cleveland Fed President Beth Hammack says Fed policy is not restrictive enough and argues for rate hikes to control inflation.
Trump demands lower rates, threatening to halt trade with deficit countries.
Bitcoin and gold fell after US August payrolls nearly tripled forecasts, reviving rate hike bets and sparking over $200 million in liquidations.
US non-farm payrolls rose 162K in August, well above the 56K expected, while the unemployment rate held at 4.1%.
Canada's economy lost 41,700 jobs in August, far below the 15,000 gain expected, while the unemployment rate held at 6.4%.
US and Canadian non-farm payrolls reports are due shortly. Markets focus on USD/JPY trading, fixed income yields, and Canada's employment after BOC held rates.
Eurozone retail sales fell 0.6% m/m in July; markets trade sideways ahead of US NFP data.
Retail traders lost money after relying on economic calendar impact labels, which fail to account for context and unscheduled events.
Eurozone retail sales fell 0.6% m/m in July, and EU sales declined 0.4%. Year on year, euro area rose 0.6% and EU rose 1.0%.
Analysis of forecast distribution for US non-farm payrolls, unemployment rate, and average hourly earnings data.
Asian markets were directionless as traders awaited US payrolls, with currencies recovering and commodities steady.
The RBNZ raised rates again but signaled the next hike is more likely in December than October.