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Strategy makes first Bitcoin purchase since June, investing $370 million
Strategy (MSTR) splashed $369.7 million to acquire 4,603 Bitcoin (BTC) for its corporate treasury last week, its first purchase since June.
Mon, Aug 31
Japanese Yen: Supported below 160 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is modestly stronger versus the US Dollar (USD), helped by upbeat domestic data including robust retail sales and industrial production.
Mon, Aug 31
US President Trump says Iran strikes will be limited as Hormuz Oil flows
US President Donald Trump said that strikes on Iran will be limited, following a previous story reported by Axios, which said that he and his senior aides are considering waging limited strikes in Hormuz to prevent Iran from reconstituting its radar and missile capabilities to attack ships.
Mon, Aug 31
August was three good days for the Dow Jones Industrial Average
The Dow Jones Industrial Average closed just short of 53,300, roughly 250 points and about 0.5% lower, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with missile and drone attacks on bases in Jordan and the United Arab Emirates.
Mon, Aug 31
Mexican Peso appreciates as USD/MXN dives on USD weakness
The Mexican Peso appreciates by about 0.20% against the US Dollar, even as risk appetite deteriorated amid the escalation of the US-Iran conflict, which triggered a jump in energy prices. This exerted upward pressure on US bond yields on speculation that the Fed will raise rates.
Mon, Aug 31
China: Easing case strengthens on weak PMIs – Commerzbank
Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers' Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying pressure on Beijing.
Mon, Aug 31
Singapore Dollar: Near-term pressure against US Dollar - OCBC
OCBC’s Sim Moh Siong and Christopher Wong say the Singapore Dollar (SGD) slipped as the broad Dollar rebounded after Jackson Hole, but still retains relative resilience thanks to the S$NEER policy and firm domestic fundamentals.
Mon, Aug 31
Gold slips as Warsh Fed hike bets, Oil rally lift US yields
Gold (XAU/USD) price retreats some 0.40% on Monday after last Friday's hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh, which sparked speculation of a possible rate hike at the September meeting.
Mon, Aug 31
Silver Price Forecast: XAG/USD consolidates below 100-Day SMA as momentum fades
Silver (XAG/USD) is little changed on Monday, caught between a weaker US Dollar (USD) and lingering hawkish Federal Reserve (Fed) expectations, leaving the metal without clear direction after tumbling 4.11% on Friday in the wake of Fed Chair Kevin Warsh's hawkish Jackson Hole comments.
Mon, Aug 31
Australian Dollar holds firm amid hawkish Fed and RBA expectations
AUD/USD trades in a narrow range on Monday as markets weigh hawkish expectations from both the Reserve Bank of Australia (RBA) and Federal Reserve (Fed). At the time of writing, the pair trades around 0.7167, with a modest pullback in the US Dollar (USD) helping cushion the downside.
Mon, Aug 31
Euro: Limited downside, range defined against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is fractionally higher versus the US Dollar (USD), stabilizing after recent losses and attempting a modest recovery from upper-1.15 lows.
Mon, Aug 31
Forex Today: Attention shifts to US ISM, JOLTs and inflation in Europe
The US Dollar (USD) has faded part of Friday’s strong advance despite the geopolitical landscape seeming to have deteriorated a tad in the last few days, while market participants appear to have already digested the hawkish remarks from Chair Warsh in Jackson Hole.
Mon, Aug 31
Bitcoin and Gold Outlook: BTC clings to support, XAU slides as US-Iran tensions re-escalate
Bitcoin (BTC) maintains stability above $78,000 support on Monday as crypto prices broadly consolidate. Gold (XAU/USD), meanwhile, holds above $4,400, marking two consecutive days of declines.
Mon, Aug 31
British Pound edges higher as USD softens ahead US jobs data
The Pound Sterling advances during the North American session, up a modest 0.09%, as the Greenback edges lower despite last Friday’s hawkish remarks from Fed Chair Warsh, ahead of a packed week of economic data from the United States (US). The GBP/USD trades at 1.3549.
Mon, Aug 31
The Dollar Index falls through a war and a hawkish repricing
The Dollar Index trades just beneath 99.50 and 0.26% lower, on a session that handed it every input a currency is supposed to rally on.
Mon, Aug 31
Crude Oil prices the mines, not the barrels
Crude Oil trades near $85.00 and 2.5% higher on the session, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with missile and drone attacks on two air bases in Jordan.
Mon, Aug 31
The Dow Jones Industrial Average is short its own war
The Dow Jones Industrial Average trades near 53,250, roughly 300 points lower on the session, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with attacks on bases in Jordan and assets in the United Arab Emirates.
Mon, Aug 31
Japanese Yen advances as Bessent expects further strengthening
USD/JPY declines 0.21% on Monday and trades around 159.80 at the time of writing, after briefly moving above the psychological 160.00 level.
Mon, Aug 31
China: Uneven recovery and property reform support – BNY
BNY’s Wee Khoon Chong highlights that China’s factory slump is easing, with manufacturing PMI edging higher and export orders returning to expansion, while services and construction remain weak.
Mon, Aug 31
US Treasury Secretary Bessent says Oil prices to fall, Yen to strengthen
Scott Bessent, the US Treasury Secretary crossed the wires in an interview with CNBC, said that Oil prices will come down, and added that US President Donald Trump has been saying that Iran is not ready for a deal.
Mon, Aug 31
