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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ CPIโ€“PPI Week Takes Center Stage

๐Ÿ—“ This week, markets will focus on the two key U.S. inflation reports ahead of the Fed meeting:
๐Ÿ–ค August PPI: released on Sep 10
๐Ÿ–ค August CPI: released on Sep 11 (around 19:30 Vietnam time)


โšก๏ธ After the โ€œhotโ€ Nonfarm Payrolls print of +162K, these two inflation readings could determine whether the Fed holds rates steady or hikes again in mid-September.

The labor market has had its say โ€” now inflation gets the final word for the Fed.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ IRAN THREATENS TO COUNTER ECONOMIC WARFARE WITH MARITIME RESTRICTION ZONES

๐Ÿ”ด Tehran has announced plans to establish new restricted zones in the Gulf, extending from the perimeter of the U.S. blockade.
๐Ÿ–คVessels entering these areas could face Iranian sanctions.
๐Ÿ–คIran has also threatened to tighten control over shipping lanes around the Strait of Hormuz.

๐Ÿ‡บ๐Ÿ‡ธ - ๐Ÿ‡ฎ๐Ÿ‡ท The U.S. tightens the economic screws while Iran constricts maritime accessโ€”the two-pronged squeeze around Hormuz is heating up again.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ BRENT CRUDE NEARS $100 AS MIDDLE EAST CONFLICT SPREADS

๐Ÿ”ด U.S.โ€“Iran tensions continue to escalate.
๐Ÿ–ค Brent crude has been pushed close to $100 per barrel.
๐Ÿ–ค Supply risks in the Middle East remain the main driver supporting oil prices.


๐Ÿ›ข The more tensions rise, the more expensive oil gets โ€” $100 is becoming a key level for markets to watch.

@BackcomGlobal
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๐Ÿ™ STRATEGY STAYS ON THE SIDELINES WITH BTC, BITMINE KEEPS ACCUMULATING ETH

๐ŸŸข Strategy neither bought nor sold BTC during the week.
๐Ÿ–ค The company used cash to repurchase $176 million worth of STRC preferred stock.

๐ŸŸข Bitmine accumulated an additional 28,086 ETH (around $81 million).
๐Ÿ–ค Bitmine has now completed roughly 97% of its target to own 5% of ETHโ€™s total supply.

One is prioritizing balance-sheet strength, while the other keeps racing to accumulate ETH โ€” the two treasury giants are taking very different paths.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ CANADAโ€™S 50% TARIFF ON U.S. GOODS OFFICIALLY TAKES EFFECT

๐Ÿ–คCanadaโ€™s 50% tariff on certain U.S. goods has officially come into effect.
๐Ÿ–ค The measure is a retaliatory response to U.S. tariffs imposed on Canadian goods.
๐Ÿ–ค President Trump responded by excluding Canadian goods from U.S. government procurement.


๐Ÿ‡บ๐Ÿ‡ธ - ๐Ÿ‡จ๐Ÿ‡ฆ THE U.S.โ€“CANADA TRADE WAR IS NO LONGER JUST ABOUT TARIFFS โ€” IT HAS NOW EXPANDED INTO GOVERNMENT PROCUREMENT CONTRACTS.

@BackcomGlobal
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JAPANโ€™S 10-YEAR GOVERNMENT BOND YIELD BREAKS ABOVE 3% FOR THE FIRST TIME SINCE 1996

- The yield on Japanโ€™s 10-year government bond has risen above 3%.
- This is the first time it has reached that level since 1996.
- Key drivers: the BOJ is reducing bond purchases, while expectations for further rate hikes are increasing.

๐Ÿ‡ฏ๐Ÿ‡ต Japanโ€™s era of ultra-low interest rates is coming to an end โ€” 3% is no longer a โ€œforbidden zone.โ€

@BackcomGlobal
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@BackcomGlobal
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๐Ÿ”ฅ CHINAโ€™S AUGUST CPI RISES TO 0.8%

๐Ÿ–ค Chinaโ€™s CPI inflation rose to 0.8% year-on-year in August.
๐Ÿ–ค The reading matched expectations and was higher than Julyโ€™s 0.5%.
๐Ÿ–ค August PPI also increased 3.8%, reflecting price pressures from energy and commodities.
๐Ÿ–ค Food prices continued to decline, while non-food prices rose more strongly.


๐Ÿ‡จ๐Ÿ‡ณ Chinaโ€™s inflation is gradually picking up from very low levels, but it is still far from being as โ€œhotโ€ as in the U.S.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ TODAY AT 12:30 UTC: U.S. AUGUST PPI TAKES CENTER STAGE

๐ŸŸฃ PPI Y/Y: forecast 5.3% (previous = 4.7%)
๐Ÿ–ค Core PPI Y/Y: forecast 4.6% (previous = 4.2%)


โšก๏ธ This is the key producer inflation report ahead of tomorrowโ€™s CPI release and will directly influence expectations for the Fedโ€™s September policy decision.

๐Ÿ‡บ๐Ÿ‡ธ The hotter the PPI, the harder it will be for the Fed to โ€œpauseโ€ โ€” markets are likely to react immediately after the data.

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๐Ÿ“ˆ OIL BREAKS ABOVE $100, BITCOIN SLIDES BELOW $78K

๐Ÿ–ค Oil prices surged above $100 following renewed attacks between the U.S. and Iran.
๐Ÿ–ค Risk-off sentiment spread across the market.
๐Ÿ–ค Bitcoin was pushed below the $78,000 level.

The hotter oil gets, the stronger the risk-off mood becomes โ€” BTC is finding it hard to stay unaffected as geopolitical tensions flare up again.

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BESSENT: โ€œNOW Iโ€™M THE HOUSEโ€

๐Ÿ™ U.S. Treasury Secretary Scott Bessent declared: โ€œNow Iโ€™m the houseโ€ฆ and you can bet against me if you want.โ€
๐Ÿ–ค The remark was aimed at the possibility of U.S. Treasury intervention to support the Yen.
๐Ÿ–ค The U.S. will increase the size of its bond buybacks to $6 billion tomorrow.
๐Ÿ–ค Future buyback operations will be at least $4 billion each.
๐Ÿ–ค Even so, the U.S. 10-year Treasury yield has climbed to its highest level since 2023.


Bad news has piled up for two straight weeks, but BTC is still holding on โ€” at least it hasnโ€™t โ€œcollapsedโ€ alongside stocks yet.


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TRUMP: IRAN WAR COULD END AFTER THE MIDTERM ELECTIONS

๐Ÿ™ President Trump said the war with Iran could end shortly after the midterm elections.
๐Ÿ–ค He left the door open to negotiations, but said they are not a priority.
๐Ÿ–ค According to Trump, Iran is trying to influence the U.S. election and cannot withstand economic pressure for much longer.
๐Ÿ–ค Trump also said oil prices could cool once the conflict ends.

โœŠ This is not a ceasefire order yet, but it is the clearest signal from the White House that November 3 is becoming a key deadline for the war.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ CHINA ADDS 20 TONNES OF GOLD IN AUGUST

๐Ÿ“Œ The Peopleโ€™s Bank of China added around 20 tonnes of gold to its reserves in August.
๐Ÿ–ค This was the largest monthly purchase since October 2023.
๐Ÿ–ค China is continuing its multi-month gold-buying streak.

๐Ÿ‡จ๐Ÿ‡ณ Beijing is still quietly accumulating gold โ€” adding another layer of protection each month against USD volatility and geopolitical risks.

@BackcomGlobal
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