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US July PCE Price Index rises 0.2% M/M and 3.7% Y/Y, both exceeding estimates; Core PCE matches expectations at 0.2% M/M and 3.3% Y/Y
The US Personal Consumption Expenditures (PCE) Price Index for July increased by 0.2% month-over-month, surpassing the estimated 0.1% rise. Annually, the PCE Price Index climbed 3.7%, also above the 3
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Iran: Reached an agreement with Oman on the distribution of Strait of Hormuz revenues, oil prices fell more than 9% this week.
Hossein Mohbi, spokesperson for Iran's Islamic Revolutionary Guard Corps, stated on the 26th that Iran and Oman have reached an agreement on issues such as the distribution of revenues from the Strait
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Kalshi traders see rising odds for Strait of Hormuz traffic returning to normal, with a 68% chance before Jan. 1, 2028, following Iran's claim of a revenue-sharing deal with Oman.
Kalshi traders see rising odds for Strait of Hormuz traffic returning to normal, with a 68% chance before Jan. 1, 2028, following Iran's claim of a revenue-sharing deal with Oman. Specifically, the od
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Indonesia's sole central bank governor candidate Destry Damayanti outlines 'pro-growth' policies, vows close government synergy while maintaining independence
Damayanti underwent a parliamentary "fit and proper" hearing for the position on August 26.
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CME Group announced plans to launch wind power futures and options contracts in the fourth quarter, aiming to help market participants hedge renewable energy risks.
CME Group, the world's leading derivatives marketplace, plans to launch wind power futures and options contracts, which will be cash-settled and are awaiting regulatory review. These new instruments w
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U.S. July PCE inflation data will be released tonight, with core and overall inflation rates expected to remain above 3%.
The U.S. will release July Personal Consumption Expenditures (PCE) inflation data later on Wednesday (26th). The market expects annualized core and headline inflation rates to remain above 3%, far exc
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Brent crude oil fell over 2% to approximately $86 per barrel due to expectations of increased supply from the Strait of Hormuz.
Brent crude futures fell for a third consecutive session on Wednesday (26th), dropping over 2% to approximately $86 per barrel. Market optimism stemmed from Oman and Iran resuming talks on navigation
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China's Xi Jinping to visit Kyrgyzstan and Egypt from August 30 to September 3
Chinese President Xi Jinping will attend the Shanghai Cooperation Organisation (SCO) summit in Bishkek as part of a state visit to Kyrgyzstan, before travelling to Egypt. According to Beijing’s Minist
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Economist MacAdam from Capital Economics: European Central Bank (ECB) Governing Council member Schnabel emphasizes need for further rate hikes to tackle inflation risks
Simon MacAdam, Deputy Chief Global Economist at Capital Economics, stated on Bloomberg that European Central Bank (ECB) Governing Council member Isabel Schnabel emphasized the need for further interes
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Iranian Rial Hits New All-Time Low of 2 Million Per US Dollar, Driving Up Prices for Essentials by Over 70%
The Iranian rial has fallen to a new all-time low against the US dollar on the free market, dropping past 2 million rials to $1. This comes after Washington launched its toughest sanctions yet and ami
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Japanese PM Takaichi pressed German Chancellor Merz to include Japan in "Made in Europe" EV subsidies
Japanese Prime Minister Sanae Takaichi pressed German Chancellor Friedrich Merz to include Japan in "Made in Europe" EV subsidies during their summit in Tokyo on October 28. Tokyo's efforts to lobby f
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UK budget cuts household energy bills, raises bank surcharge to 6%, and allocates billions to defense, Ukraine, and AI
UK Finance Minister John Healey delivered his first fiscal budget on Wednesday, announcing measures to ease cost-of-living pressures, including removing standing charges on household gas heating bills
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Gulf States and Iran engage in diplomatic efforts for a regional security framework; Iran deems Qatar's proposal unacceptable.
Al Jazeera reported that Gulf states are strengthening diplomacy with Iran, seeking to de-escalate Middle East tensions, including the potential signing of a "non-aggression pact." On Monday, Saudi De
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According to POLITICO, the EU will revoke Canada's "quasi-member state" status.
According to POLITICO, the EU will revoke Canada's "quasi-member state" status.
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The UK has brought forward its defense spending target to 3% of GDP by 2030 and pledged an additional £10 billion in aid to Ukraine.
UK Chancellor of the Exchequer John Healey unveiled his first budget on Wednesday, announcing an accelerated defense spending target of 3% of GDP by 2030, and reiterating the NATO commitment to reach
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Brazil's market plummeted after President Lula's re-election, with investors reluctant to buy and major banks like Citi and Morgan Stanley recommending reducing positions due to concerns over his fiscal policies.
Brazil's market plummeted after President Lula's re-election, with investors reluctant to buy and major banks like Citi and Morgan Stanley recommending reducing positions due to concerns over his fisc
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Bank of Canada maintains interest rate at 2.5% (vs. forecast 2.5%, previous 2.25%)
Bank of Canada maintains interest rate at 2.5% (vs. forecast 2.5%, previous 2.25%)
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US Warns Gulf Allies of Possible New Iran Strikes After Midterms, WSJ Reports
The US has warned several Gulf Arab countries to prepare for a short, intense military campaign against Iran after the November midterm elections, according to The Wall Street Journal. US forces are r
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The U.S. military advises vessels to avoid unnecessary transit through the Strait of Hormuz, citing potential delays due to enforcement of blockades.
The U.S. military has advised vessels to avoid unnecessary transit through the Strait of Hormuz, citing potential delays due to enforcement of blockades. Iran has reportedly been involved in nearly 30
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Israeli markets fell across the board due to concerns over an election deadlock, with no clear path for any party to form a government.
Israeli markets fell across the board due to concerns over an election deadlock, with no clear path for any party to form a government.
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EQ9 Token Analysis: Project Positioning, Market Performance, and Future Development Prospects
The EQ9 (Equals9) token aims to revolutionize the traditional foreign exchange sector by providing low-cost, high-efficiency international currency management services through its Polygon-based technology platform. The project plans to transition to a proprietary chain in the future to further enhance performance. However, EQ9's current market performance faces challenges, with extremely low 24-hour trading volume, significant discrepancies in circulating market capitalization data, and severe price volatility. Investors need to be wary of its liquidity risks and closely monitor the project's subsequent technological developments and market dynamics.
GBP/USD Summary
The value of GBP/USD is a key barometer for the relative economic health of the United Kingdom and the United States. Its movements are primarily driven by the monetary policy decisions of their respective central banks, the Bank of England (BoE) and the U.S. Federal Reserve (Fed). The interest rate differential between the two economies is a significant factor, with higher rates in one country typically attracting foreign capital and strengthening its currency. Other major drivers include key economic data releases such as GDP growth, inflation rates (CPI), employment figures, and major political developments like elections or trade negotiations.
For participants in the cryptocurrency and broader macro markets, the GBP/USD pair offers crucial insights into the strength of the U.S. dollar, the world's primary reserve currency. A strengthening USD (a falling GBP/USD) can often exert downward pressure on risk assets, including cryptocurrencies like Bitcoin, which are predominantly priced in dollars. Conversely, a weakening USD may signal a "risk-on" environment, potentially benefiting digital assets. Therefore, crypto investors and macro traders closely monitor Cable's fluctuations for signals about global capital flows and shifts in market sentiment.
24H Trending
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1
South Korea's KOSPI index rose 5.18% from its previous close, now at 5,930.51.
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2
SK Hynix is up 6.86% from its previous close, now trading at ₩1,433,000.
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SK Hynix is up 5.26% from its previous close, now trading at ₩1,411,500.
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SK Hynix is up 8.72% from its previous close, now trading at ₩1,458,000.
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South Korea's KOSPI index rose 6.16% from its previous close, now at 5,985.55.
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Samsung Electronics rose 7.88% from its previous close, now trading at ₩239,500.
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7
Youngone wins 8.8 billion won refund in Scott acquisition dispute
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Bloomberg: Prices for "super metals" used in nuclear energy, semiconductors, and other fields are soaring, with Freeport, the world's largest producer, considering increasing output.
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Veir completes $110 million Series C funding round
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SK Hynix's third-quarter operating profit exceeded expectations, primarily driven by strong demand for AI chips, and the company also announced a share buyback.
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