U.S. housing data drops today: watch US10Y before gold
July Housing Starts and Building Permits are due today at 8:30 AM ET.
This is not just a housing data point. For traders, the first reaction may show up in yields, the dollar, gold and equity futures.
What I’m watching:
US10Y reaction
DXY direction
XAUUSD volatility
S&P futures risk tone
If the print is strong, rate-cut pricing may cool. If it’s weak, the market could lean harder into a Fed easing narrative.
What are you watching first today: yields, dollar, or gold?
u/GTC-Davin — 2 days ago