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Prior was -8.4%For background on the permits data, Statistics Canada's building permits series is a key leading indicator of construction activity, capturing the value of permits issued for new buildings, renovations, and alterations across roughly 2,400 municipalities representing 95% of the national population. Because permits precede actual construction spending, the data offer an early read on investment trends in both the residential and non-residential sectors. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior week 4 week average 33KCurrent week's 4 week averageEmployment remains solid or at the very least, not reversing hard. The ADP NER Pulse is a newer high-frequency labor market indicator tied to the ADP National Employment Report (NER). It is designed to give traders and economists a more real-time look at hiring trends in the U.S. private sector between the traditional monthly payroll reports.Unlike the standard monthly ADP report, the NER Pulse tracks the week-over-week change in private employment using a four-week moving average. The goal is to smooth out weekly volatility while still giving markets an earlier read on whether hiring is accelerating or slowing.The data is pulled directly from ADP’s payroll processing system, which covers millions of workers across the country. Because it is updated weekly, it can provide clues about labor market momentum well before the government’s monthly nonfarm payroll report is released.Why does it matter to markets?The labor market remains one of the most important drivers for Federal Reserve policy. A stronger NER Pulse can suggest businesses are still hiring aggressively, which may support consumer spending and economic growth but could also keep inflation pressures elevated. That would tend to support higher yields and a firmer U.S. dollar.On the other hand, a weakening pulse may signal slowing labor demand, softer economic activity, and a labor market that is beginning to cool. That could increase expectations for Fed rate cuts and weigh on yields and the dollar.One important thing to remember is that the ADP NER Pulse only measures private-sector employment. It does not include government jobs and does not always match the official nonfarm payroll numbers exactly. Still, because it offers one of the earliest looks at hiring trends, it has become an increasingly important labor-market indicator for traders watching Fed expectations and overall economic momentum. This article was written by Greg Michalowski at investinglive.com.

BNY’s Bob Savage notes the Reserve Bank of Australia (RBA) sees elevated risks that inflation expectations drift higher, potentially requiring a deeper slowdown. Oil-driven price pressures and three rate hikes to 4.35% frame the backdrop for AUD/USD.

Gold (XAU/USD) trades on the back foot on Tuesday as traders closely monitor developments surrounding the US-Iran negotiations and amid a broad macroeconomic background linked to the prolonged conflict that continues to weigh on the precious metal.

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD has given back part of its gains as weaker United Kingdom (UK) labor market data dampens Bank of England (BoE) tightening prospects.

ING’s Francesco Pesole expects a sharp rise in Canada’s April Consumer Price Index (CPI), but sees limited pressure on the Bank of Canada (BoC) to hike.

Gold price (XAU/USD) trades 0.55% lower at around $4,540 during the European trading session on Tuesday. The yellow metal faces selling pressure as United States (US) Treasury Yields remain broadly firm due to expectations that the Federal Reserve (Fed) will not cut interest rates this year.

Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil remains directionless as the Gulf conflict oscillates between negotiation and potential escalation.

A spokesperson from Qatar’s Foreign Ministry said that communication between leaders in the region is ongoing and with conflict parties to prevent a return to escalation.

The self-custodial wallet platform integrated Kraken-backed xStocks infrastructure, adding more than 130 tokenized stocks and ETFs for users.

The crypto market structure bill saw a high-stakes, 11th-hour gambit to get Democrats on board for a bipartisan committee vote, but it might carry a cost.

U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.

A joint venture between Google and Blackstone isn’t “immediately problematic” for CoreWeave, but rather a sign that the market could get more crowded, according to a Bernstein analyst.

Nasdaq's bullish momentum stalls as downside risks mount: pause or start of a correction?Euro area trade surplus narrows in March as energy deficit widens on Middle East conflictOil prices remain persistently elevated amid prolonged US-Iran stalemateThere is potential for a strong dollar rally this week - BarclaysExclusive Crypto Event for Finance Professionals at FMAS:26 in Cape TownUSD/JPY keeps erasing intervention losses as macro backdrop remains skewed to the upsideJust 4% of fund managers see a hard landing - BofA surveyWhat are the main events for today?Iran reaffirms that latest proposal to US includes lifting naval blockade and sanctionsUK labour market eases with dark clouds from Middle East conflict hanging overFX option expiries for 19 May 10am New York cutCaution still up in the air as the US-Iran conflict drags onNVDA Stock Prediction before Earnings on Wed, 20 MayIt's been a rather uneventful session with only the UK jobs report on the agenda. The data was mixed, but overall softer than expected as the unemployment rate ticked higher and the early estimate for April showing a 100K drop in payrolls. The ONS did put out a caveat though in saying that: "the April 2026 estimate should be treated as a provisional estimate and is likely to be revised when more data are received next month. The early April estimate is more uncertain because of the change of tax year." In the markets, there's still some caution in the air even if Trump called off a large-scale military strike against Iran. For context, he said that the suspension was at the request of Gulf leaders, to allow for peace talks to continue. He added that there is a "good chance" of a deal now that the strike has been called off. The US dollar recouped yesterday's losses as the greenback remains supported amid the US-Iran stalemate, the persistently elevated oil prices, the resilient US data and the potential for Fed rate hikes. These forces are now weighing on the markets more broadly after Treasury yields broke above March highs on Friday. We might have reached a pain point where the only solution is to quickly reopen the Strait of Hormuz.In the American session, we get the Canadian CPI report. Headline CPI is expected to increase to 3.1% vs 2.4% prior, while the more important Trimmed-Mean CPI Y/Y is seen remaining unchanged at 2.2%.We recently got the Canadian employment report and the data showed once again a soft labour market. Governor Macklem stressed that while the Bank would be “looking through the war’s immediate impact on inflation”, if it spills into the broader economy, “there may be a need for consecutive increases in the policy rate”. The central bank will likely be watching the Trimmed-Mean CPI for signs of spillovers.Lastly, we have Fed's Waller speaking. I think it's worth highlighting it today because we are approaching the June FOMC meeting and it will contain the SEP and the dot plot. These meetings are generally more important for policy signals.Fed's Waller has been a great "leading indicator" for Fed policy in this cycle and I think the market would react in a big way if he were to change his stance now. He's been worrying about the labour market but the data has been pointing to resilient conditions. What is more in tension now is inflation and if he switches his focus back to that, it might be taken as a signal of potential rate hikes. This article was written by Giuseppe Dellamotta at investinglive.com.

HYPE soared as the SEC opened the door to third-party tokenized stocks. Strategy bought another $2B in BTC, and price still went lower.

Your day-ahead look for May 19, 2026