Fewer jobs than expected, unemployment declining for the wrong reasons: June's NFP report gives markets the dovish reading they were waiting for. July's FOMC meeting becomes the pivotal issue under Warsh.
yesterday 7 9
Peter Kazimir (ECB) reaffirms a clear path toward further rate cuts. But each step depends on the data. The Fed/ECB divergence is becoming structural: ECB toward 1.75% by the end of 2026, Fed stable at 4.25-4.50%. German PMI at an 18-month low.
Jun 25, 2026 at 09:45 11 8
The ECB Governing Council member Peter Kazimir confirms the ECB's accommodative bias - without committing to the pace, as the Fed's Warsh shifts toward hawkishness.
Jun 23, 2026 at 21:45 11 6
147,000 jobs in June, below expectations - but unemployment falls due to contraction in the labor force. Markets have chosen their interpretation: dovish. The question remains whether this will hold until the FOMC on July 29-30.
22 h ago 8 8
In 48 hours, two signals confirm the same trend: tokenized data and instruments are entering the traditional institutional infrastructure.
Jul 1, 2026 at 09:38 9 9
For the first time, Nasdaq's proprietary data feeds are circulating natively on public blockchains—a further piece in the infrastructure of a hybrid TradFi/DeFi finance system.
Jun 30, 2026 at 23:26 5 9
As markets digest the worst monthly close for the Mag7 since 2022, U.S. Q2 2026 growth surprises on the upside. A macro paradox that reinforces the "higher for longer" stance and complicates any Fed pivot scenario before the end of the year.
Jun 30, 2026 at 16:49 8 9
One of America's largest clean hydrogen projects is being scrapped. Air Products records up to $2.9 billion in pre-tax charges—a strong signal about the economic limits of high-cost energy transition.
Jun 30, 2026 at 16:47 6 8
Kazimir (ECB) confirms the direction of rate cuts but conditions each step on data. Goldman anticipates a persistently restrictive Warsh Fed. The Fed/ECB divergence is emerging as the key macro theme of the summer-with direct implications for EUR/USD and peripheral bonds.
Jun 25, 2026 at 03:01 8 8
Goldman Sachs revises upward its Fed Funds forecast for 2026, confirming that Kevin Warsh is steering U.S. monetary policy with a structurally more restrictive philosophy than Powell. The implications for long-term rates, the dollar, and equity valuations are profound.
Jun 24, 2026 at 18:35 12 11
Funding rates on the rise, on-chain liquidity contracting, growing correlation with the Nasdaq tech. Bitcoin's microstructure points to $59,000 as the next liquidity support-but contrarian indicators also signal a floor zone.
Jun 24, 2026 at 18:35 11 10
Nvidia GPUs under embargo are trading at more than double their official price on China's gray markets-proof that Chinese AI demand far outstrips legal supply, and that sanctions create a scarcity market as much as they curb it.
Jun 24, 2026 at 10:00 10 8
