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United States Baker Hughes US Oil Rig Count dipped from previous 452 to 447
Fri, Aug 28
Bitcoin and Gold Outlook: BTC and XAU slide as Fed Chair goes hawkish
Bitcoin (BTC) and Gold (XAU/USD) are broadly retreating on Friday as investors reevaluate their positions after recent price gains. Bitcoin approached $81,500 earlier in the day but faced rejection, fueling the ongoing correction.
Fri, Aug 28
Silver Price Forecast: False breakout and hawkish Fed sinks XAG
Silver price makes a U-turn after reaching a two-month high of $71.12, then dives below the $69.00 figure as Fed Chair Kevin Warsh leaned hawkish in his Jackson Hole speech, pushing US Treasury yields higher. Consequently, the white metal edged lower, as XAG/USD trades at $66.76, down 3.60%.
Fri, Aug 28
Australian Dollar retreats from highs as Warsh’s hawkish message lifts US Dollar
AUD/USD retreats 0.30% on Friday to trade around 0.7170 at the time of writing, correcting after reaching its highest level since mid-May at 0.7206 earlier in the day.
Fri, Aug 28
Dow Jones Industrial Average round-trips a Fed that promised nothing
The Federal Reserve chair used the largest speaking slot on the calendar to commit to nothing and the futures market repriced September anyway.
Fri, Aug 28
Tokyo reaching 2% is not enough for the Japanese Yen
Japan delivered the inflation and labour data the Bank of Japan needs to move next month and the Japanese Yen is weaker for a fifth consecutive session.
Fri, Aug 28
US Dollar Index rallies as Warsh puts September rate hike back on the table
US Dollar Index (DXY) rallies on Friday, gaining 0.36% to trade around 99.50 at the time of writing, as Federal Reserve (Fed) Chair Kevin Warsh’s hawkish remarks at the Jackson Hole Symposium prompt investors to sharply reassess the outlook for US interest rates.
Fri, Aug 28
The Canadian Dollar falls on the best quarter since 2023
Canada produced the strongest growth figure of the cycle and the Canadian Dollar is weaker for it.
Fri, Aug 28
Dogecoin Price Forecast: DOGE pullback extends after August rally to three-month high
Dogecoin (DOGE) edges lower on Friday, as prices in the broader cryptocurrency market moderate following last week’s rally. The meme coin trades at $0.086, down nearly 14% from August’s peak of $0.100.
Fri, Aug 28
Gold slides as Warsh hawkish tilt lifts US Dollar and US yields
Gold price drops over 0.42% on Friday as Fed Chair Kevin Warsh confirms the Fed is focused on tackling inflation, pushing the US Dollar and US Treasury yields higher, while money markets have begun to price in a potential rate hike in 2026.
Fri, Aug 28
Natural Gas: Hormuz risks and Qatari LNG disruption – BNY
Geoff Yu at BNY highlights that Middle East tensions and constrained traffic through the Strait of Hormuz are keeping key energy supply routes at risk.
Fri, Aug 28
British Pound tumbles as Warsh revives Fed hike bets
The Pound Sterling tumbles versus the Greenback on Friday as the Federal Reserve Chair Kevin Warsh puts inflation as the priority on the Fed, increasing the likelihood of an interest rate hike later in the year. The GB/USD trades at 1.3538, down 0.40%.
Fri, Aug 28
Euro slides below 1.1600 as Warsh brings Fed rate hike back into play
EUR/USD falls sharply toward 1.1595 on Friday at the time of writing, losing 0.48% on the day, as the US Dollar (USD) rallies following Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole Symposium.
Fri, Aug 28
Poland: Growth supported by investment rebound – ING
ING’s Adam Antoniak expects Poland’s 2Q26 GDP flash estimate to be confirmed at 3.8% year-on-year, with fixed investment rebounding strongly thanks to EU and RRF-funded projects. Private consumption is seen slowing slightly as higher fuel prices and weaker wage growth weigh on purchasing power.
Fri, Aug 28
Japan: Tokyo CPI data supports BoJ hawkish stance – Societe Generale
Societe Generale’s Reo Sakida and Jin Kenzaki note that August Tokyo CPI was broadly in line with expectations, with renewed energy subsidies weighing on inflation and likely to drag on CPI through October.
Fri, Aug 28
United States UoM 5-year Consumer Inflation Expectation in line with forecasts (3.3%) in August
Fri, Aug 28
United States UoM 1-year Consumer Inflation Expectations came in at 4% below forecasts (4.3%) in August
Fri, Aug 28
United States Michigan Consumer Expectations Index came in at 51.5, above expectations (50.6) in August
Fri, Aug 28
United States Michigan Consumer Sentiment Index came in at 51.7, above expectations (51) in August
Fri, Aug 28
Germany: Growth recovery stays moderate – Commerzbank
Commerzbank’s Dr. Ralph Solveen and colleagues say German GDP has surprised on the upside, expanding around 0.35% per quarter over the last three quarters, driven mainly by stronger exports to EU partners.
Fri, Aug 28
