This week’s Jackson Hole speech by the Fed Chairman will give the market it’s answer; more from Forbes.com
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Reports that Iran targeted 4 American ships that attempted to cross the Straits of Hormuz
- Crude Oil futures settle up $0.22 at $88.90. Technical bias is to the downside.
- Bitcoin and Ethereum repair higher, but BTC bulls need 74,000 confirmation (BTC futures)
- Treasury Secretary Bessent: Oil prices will be lower than pre-conflict levels
- More from Musalem: Bond market is signaling a resilient economy/higher expected inflation.
- AUDUSD and NZDUSD as risk-on flows from MOU between US and Iran
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