Bitcoin's bullish momentum spluttered in Q2 as spot ETF buying was outpaced by cash sellers. However, Q3 could facilitate a bullish continuation on speculation of further institutional adoption
The outlook for US indices is still bullish, but headwinds like stubborn inflation data, inflation expectations, a less inclusive rally, and a seasonal consolidation limit the extent that indices are likely to rise in Q3
US inflation cooled in Q2 as did economic growth, opening the door to a rate cut later this year. US yields have likely peaked, leaving the dollar vulnerable to a dovish repricing
The latest Core PCE data met market estimates across all readings leaving the US dollar rudderless going into the weekend.
The US dollar slipped lower today after data showed a slight softening of demand in the US economy.
