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Breaking Posted 2 hours ago

Canada Housing Starts Jul: 229.1K Miss Estimate 250.0K

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Canada housing starts fell to 229.1K in July, missing expectations of 250.0K and declining from the revised prior month of 240.8K. This soft housing data signals weakening Canadian economic momentum and may reinforce expectations for further Bank of Canada rate cuts, pressuring CAD across major pairs including USD/CAD and EUR/CAD.
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2 hours ago

US July housing starts fall 12.4%, miss consensus at 1.24M

US housing starts dropped to 1.239M in July, down 12.4% from June's 1.415M and well below the 1.350M consensus forecast. This weak housing data signals cooling construction activity and softer demand, reinforcing the Fed's dovish pivot narrative. USD weakness likely as the data supports expectations of rate cuts ahead.

https://x.com/DeItaone/status/2089691546878615579
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