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SpaceX shares surged after IPO amid thin float and Anysphere deal, while traders target volatile options premiums.
Redbook spending growth accelerated to 9.4%, reinforcing inflation risks, higher yields, hawkish Fed, and volatile equities.
RBA holds cash rate at 4.35% with tightening bias; BOJ hikes; traders eye AUD strength, hedges.
National Bank sees USD/CAD range-bound as Fed-BoC expectations balance, supported by oil, steady Canadian fundamentals.
Trump said Iran deal text will be released soon, sent to Congress, and Hormuz reopening to cut volatility.
US import price inflation surged to 6.7%, dampening rate-cut odds, raising volatility, supporting dollar, pressuring equities and bonds.
Canada turned net seller of foreign securities in April, signalling capital repatriation that could strengthen the loonie.
May US building permits slipped to 1.413m, signaling cooling housing demand; favors rate-neutral trades, hedges, and shorts.
US building permits slipped 0.7% in May, signaling cooling housing momentum and prompting defensive sector positioning.
May housing starts plunged 15.4%, signaling collapsing builder confidence, rate-driven demand destruction, and broader market downside risks ahead.
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