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๐ฐ Gold remains firm around $4,600.๐ช Bitcoin continues to trade steadily within the $77Kโ$78K range.๐ก Markets are relatively calm at the start of the week, awaiting fresh signals.
The two leading safe-haven assets are still holding up well as the new week begins.
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WEEK 04 โ AUGUST 2026
This week, market attention is focused on Core PCE and U.S. Q2 GDP, two key data points that could have a major impact on Fed rate expectations, alongside the U.S. crude oil inventory report.
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Wishing everyone a smooth and successful trading week! ๐ช
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๐บ๐ธ U.S. Treasury Secretary Scott Bessent said the United States is preparing to roll out tough sanctions aimed at isolating Iran from the global economic system.
๐ค Washington warned that countries and companies continuing to serve as a โfinancial lifelineโ for Tehran could face sanctions and restrictions on access to the international financial system.๐ค China is under particular scrutiny as it remains a major buyer of Iranian oil, while Gulf countries are also facing pressure to balance relations with both the U.S. and Iran.๐ค Iran responded that countries supporting the U.S. economic pressure campaign could be viewed as engaging in hostile actions, while continuing to use the Strait of Hormuz as leverage.
If the U.S. significantly tightens pressure on Iranโs financial flows and oil exports, supply risks could continue to support oil prices while increasing volatility across global markets.
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๐ฎ๐ท Iranian Foreign Minister Abbas Araghchi said Washingtonโs renewed push for economic sanctions shows that the U.S. is becoming โdesperate,โ while insisting that the new measures will not force Tehran to back down.
At present, vessel traffic through the Strait of Hormuz remains very low, so the details of the U.S. sanctions package expected to be announced today will be closely watched by markets.
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๐ต The Dollar Index (DXY) has fallen to around 98.80, moving close to its lowest level in roughly three months.
๐ค The U.S. Treasury has increased the size of its long-term bond buybacks to $4 billion per operation, raising concerns over the fiscal outlook and the strength of the U.S. dollar.๐ค Markets have lowered expectations that the Fed will continue raising interest rates, with the probability of a hike at the next meeting falling to around 41%.๐ค Concerns over U.S. public debt and the budget deficit continue to weigh on the greenback.
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๐ค The U.S. has announced a new sanctions package targeting more than 60 individuals and entities accused of helping Iran sell oil, move money, and evade sanctions.๐ค The network stretches across China, Hong Kong, the UAE, Singapore, and the EU.๐ค Treasury Secretary Bessent warned that any institution helping Iran launder money could be cut off from the U.S. dollar system.๐ค Countries that continue maintaining close ties with Tehran also risk facing broader economic isolation.
๐ฎ๐ท Iran has vowed to respond more forcefully than ever.
The economic confrontation surrounding Iran is entering its most intense phase yet.
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Bessent Ready to โDeployโ Nearly $1 Trillion to Buy Bonds
๐ Treasury Secretary Scott Bessent said the U.S. could use part of the nearly $1 trillion held in the TGA (Treasury General Account).
๐ Purpose: To fund a long-term bond buyback program aimed at easing Treasury yields.
โ๏ธ This is money already available from tax revenues, not newly printed money.
๐บ๐ธ The U.S. is using โcash already in the vaultโ to stabilize the bond market โ a more aggressive move than expected.
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๐บ๐ธ The U.S. is using โcash already in the vaultโ to stabilize the bond market โ a more aggressive move than expected.
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๐บ๐ธ-๐ฎ๐ท Diplomatic hopes are pushing oil prices lower, but geopolitical risks have not completely disappeared.
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๐ค It now holds 5.85 million ETH (worth around $14.6 billion), with an average purchase price of $3,355/ETH.๐ค Bitmine is now only about 200K ETH away from its target of holding 5% of the total ETH supply.๐ค Tom Lee said ETHโs 30% gain in one week resembles previous โmajor breakoutโ periods in May 2025 and July 2021, after which ETH went on to gain more than 160%.
Bitmine is accelerating its ETH accumulation, and Tom Lee believes the recent surge could mark the beginning of another major rally.
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