Market news
Crypto, stocks, forex and macro, aggregated for traders.
Copper futures aim for fresh highs after bullish run
Copper futures are extending a bullish impulse from late March, with weekly higher highs supporting a push toward fresh peaks.
Trump Says US Controls Strait of Hormuz With 'Wall of Steel' Blockade
Donald Trump says the US has total control over the Strait of Hormuz and will keep it, dismissing Iran's military and economic capacity.
Russia’s Supreme Court Bars Anti-War Yabloko Party from Elections
The Russian Supreme Court has banned the anti-war Yabloko party from participating in September’s parliamentary elections. Despite holding no Duma seats, the party’s pro-peace campaign had been gaining public support as President Putin’s approval ratings declined.
Iranian General Warns of Protracted War, Threatens US Economic Assets
General Mohammad Reza Naqdi said Iran would continue launching rockets even if a war lasts years, and warned that America's global economic interests are vulnerable.
Gold Futures Surge Past $4,500 for First Time Since June
Gold futures climbed above $4,500 per ounce, a level not seen since early June, adding to a 14% rally since mid-July.
China's Oil Import Rebound May Push Prices Higher: NBC
A sharp recovery in Chinese petroleum imports in July could boost oil prices after months of soft demand, according to National Bank of Canada analyst Jocelyn Paquet.
September Rate Hike Odds Fall to 34% After US CPI Drops to 3.4%
Market-implied probability of a September Federal Reserve rate increase tumbled to 34% as U.S. consumer price inflation slowed to 3.4% year-over-year, the lowest since mid-July.
US Inflation Slows to 3.4% in July, Crypto Unmoved
US consumer price growth eased to 3.4% year-on-year in July, matching forecasts. Core CPI fell to 2.5%, but the crypto market showed little reaction to the data.
US July CPI rises 3.4%, core at 2.5%, both in line with forecasts
Headline CPI rose 3.4% year-over-year in July, matching expectations, while core CPI printed at 2.5%. Futures pointed higher on the data.
OPEC Trims Oil-Demand Forecast Again, Strait of Hormuz Talks Stalled
OPEC has revised down its oil demand outlook once more, while negotiations over the Strait of Hormuz remain stalled, heightening market uncertainty.
US Inflation Data Meets Expectations in July
Headline CPI rose 0.1% month-over-month and core CPI increased 0.2%, both in line with forecasts. Annual inflation eased to 3.4%.
Saudi Crude Shipments Darken Red Sea Tracking Amid Houthi Attacks
Recent Saudi crude oil shipments through the Red Sea have been loaded with ship tracking systems turned off, as Yemen's Houthis intensify attacks on vessels, raising security concerns along critical energy routes.
Iran's Missile Production Outpaces Daily Launches, Says IRGC Commander
IRGC Commander Mohammad Reza Naqdi claims Iran manufactures more missiles each day than it launches, and that rockets will continue until the war's end.
Global Lawmakers Push Teen Social Media Bans Amid Expert Warnings
Lawmakers in multiple countries are moving quickly to prohibit teenagers from using social media platforms, but experts caution that such measures may prove ineffective and carry unintended side effects.
Markets Churn Ahead of CPI Data Amid Geopolitical and Fed Uncertainty
Financial markets remain range-bound as traders weigh geopolitical tensions, oil price swings, and Federal Reserve policy expectations ahead of the upcoming Consumer Price Index report.
Long-End US Yields Hit Multi-Year Highs as Oil Swings on Iran Headlines
US long-dated yields rose to multi-annual highs while crude oil prices whipsawed between $88 and $90 on conflicting geopolitical signals regarding Iran.
UK Urged to Restore Direct Military Talks with Russia Amid Escalation Fears
British defence officials face calls to resume direct communication with Russian military chiefs after years of silence, as recent encounters raise concerns of unintended clashes.
Why Gold Price Is Rising Today as XAU/USD Tests Breakout Toward $4,855
Gold rose 1.08% to $4,415.51, reclaiming key moving averages as it tests a falling-wedge breakout. Confirmation requires a daily close above $4,550.
South Korea Rules Out Supplying Lethal Weapons to Ukraine
Seoul remains firm on humanitarian aid only, condemning North Korea-Russia military ties.
Global Automakers Adopt China Playbook in India with Local Partners
Honda, Stellantis, and other global carmakers are forming local partnerships in India, mirroring strategies used in China to penetrate the competitive market.
Commodities in Focus: Copper, Gold, Platinum, and Oil Diverge on Differing Drivers
Copper, gold, platinum, and oil prices have seen sharp moves this week, each driven by distinct fundamental and macro forces.
US July CPI Forecast: 0.2% MoM, Core 2.5% YoY
US July CPI data is expected to show headline inflation at 0.2% month-over-month and 3.4% year-over-year, with core inflation at 0.2% m/m and 2.5% y/y, setting the tone for Fed policy expectations.
WTI Crude Oil Bulls Eye Break Above $83.00, Supported by 38.2% Fibo
WTI crude oil prices rise for a third session, holding near two-week highs just under $83.00. Bulls target a breakout above this level, supported by the 38.2% Fibonacci retracement.
Gold Eyes $4,400 as Traders Brace for US CPI Data
Gold prices are rising back toward the $4,400 level in Asian trading, with all focus on the upcoming US CPI release that could set the next direction.