Bitcoin's Gold-Like Trading Pattern Becomes Its Weakness
Bitcoin and gold fell in tandem after Fed Chair Warsh's hawkish Jackson Hole speech raised rate-hike odds, weakening the debasement trade.
Bitcoin and gold fell in tandem after Fed Chair Warsh's hawkish Jackson Hole speech raised rate-hike odds, weakening the debasement trade.
USDCAD fell after failing to break above the 100-day moving average, remaining between key technical levels.
Germany's preliminary August CPI rose 2.9% y/y, below 3.0% forecast; HICP also missed at 2.9% vs 3.1% expected.
Oil holds gains after US-Iran strikes; European yields climb; dollar soft; German state inflation beats expectations.
US dollar strengthens after Warsh's hawkish speech; NZD/USD pulls back. RBNZ expected to hike to 2.75%. Markets eye upcoming data and RBNZ decision.
Gold fell sharply after Fed Chair Warsh's hawkish Jackson Hole speech, erasing most gains from the US Treasury announcement.
August CPI in key German states rose, pointing to a national print near 2.9-3.0%, reinforcing ECB rate hike expectations.
All Swiss bankers surveyed expect the SNB to hold its policy rate at 0% through 2026; 60% see it staying through 2027. The rest anticipate rate hikes in 2027.
S&P 500 beat inflation in 16 of past 20 calendar years. 2026 gain of 13.5% outperformed CPI, aided by AI-driven earnings.
Eurozone CPI data, RBNZ and BoC policy decisions, and US employment figures are the key events for the week of August 31-September 4.
Germany's state-level CPI data due today; headline inflation expected to rise to 3.0%.
Oil prices jumped after US strikes on Iran prompted retaliation, while Asia markets fell on Mideast tensions and rate fears.
Asian stocks fell on Monday as renewed US-Iran fighting boosted oil prices and bond yields stayed elevated. Japan and South Korea posted significant declines,…
Bank of America says Warsh's Jackson Hole speech raises pressure for a September rate hike unless data turns soft.
China's official manufacturing PMI rose to 49.8 in August, beating expectations but remaining below the 50-point expansion threshold for a second month.