🔥🔥🔥 CANADA’S 50% TARIFF ON U.S. GOODS OFFICIALLY TAKES EFFECT

🖤Canada’s 50% tariff on certain U.S. goods has officially come into effect.
🖤 The measure is a retaliatory response to U.S. tariffs imposed on Canadian goods.
🖤 President Trump responded by excluding Canadian goods from U.S. government procurement.

🇺🇸 - 🇨🇦 THE U.S.–CANADA TRADE WAR IS NO LONGER JUST ABOUT TARIFFS — IT HAS NOW EXPANDED INTO GOVERNMENT PROCUREMENT CONTRACTS.

@BackcomGlobal

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@BackcomGlobal

🔥 CHINA’S AUGUST CPI RISES TO 0.8%

🖤 China’s CPI inflation rose to 0.8% year-on-year in August.
🖤 The reading matched expectations and was higher than July’s 0.5%.
🖤 August PPI also increased 3.8%, reflecting price pressures from energy and commodities.
🖤 Food prices continued to decline, while non-food prices rose more strongly.

🇨🇳 China’s inflation is gradually picking up from very low levels, but it is still far from being as “hot” as in the U.S.

@BackcomGlobal

🔥🔥🔥 TODAY AT 12:30 UTC: U.S. AUGUST PPI TAKES CENTER STAGE

🟣 PPI Y/Y: forecast 5.3% (previous = 4.7%)
🖤 Core PPI Y/Y: forecast 4.6% (previous = 4.2%)

⚡️ This is the key producer inflation report ahead of tomorrow’s CPI release and will directly influence expectations for the Fed’s September policy decision.

🇺🇸 The hotter the PPI, the harder it will be for the Fed to “pause” — markets are likely to react immediately after the data.

@BackcomGlobal

📈 OIL BREAKS ABOVE $100, BITCOIN SLIDES BELOW $78K

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

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

@BackcomGlobal

BESSENT: “NOW I’M THE HOUSE”

🏙 U.S. Treasury Secretary Scott Bessent declared: “Now I’m the house… and you can bet against me if you want.”

🖤 The remark was aimed at the possibility of U.S. Treasury intervention to support the Yen.
🖤 The U.S. will increase the size of its bond buybacks to $6 billion tomorrow.
🖤 Future buyback operations will be at least $4 billion each.
🖤 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 — at least it hasn’t “collapsed” alongside stocks yet.

@BackcomGlobal

TRUMP: IRAN WAR COULD END AFTER THE MIDTERM ELECTIONS

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

✊ 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.

@BackcomGlobal

🔥🔥🔥 CHINA ADDS 20 TONNES OF GOLD IN AUGUST

📌 The People’s Bank of China added around 20 tonnes of gold to its reserves in August.
🖤 This was the largest monthly purchase since October 2023.
🖤 China is continuing its multi-month gold-buying streak.

🇨🇳 Beijing is still quietly accumulating gold — adding another layer of protection each month against USD volatility and geopolitical risks.

@BackcomGlobal

🔥🔥🔥 U.S. CPI RUNS HOT — FED RATE HIKE ODDS SURGE TO NEAR 90%

📈 Following the CPI data, markets raised the probability of a 25bps Fed rate hike to nearly 90%, up from around 72% beforehand.

⭐ The Fed’s interest rate decision will be announced at 18:00 UTC on Sep 16.

Inflation is still refusing to cool — and the Fed is moving increasingly closer to another rate hike.

@BackcomGlobal

🔥🔥🔥 POST-CPI: GOLD & BTC SPIKE THEN REVERSE, WALL STREET STAYS GREEN

💰 Gold futures touched the $4,400 area before cooling as expectations for another Fed rate hike remained high.
💰 BTC nearly reached $79K, then reversed back to around $77.8K.
🇺🇸 U.S. stocks still closed in the green:
Dow +0.98%
S&P 500 +0.86%
Nasdaq +0.96%

⚡️ Although CPI reinforced expectations for a Fed rate hike, cooler oil prices and dip-buying continued to support equities.

The market bounced strongly, but pressure from the Fed has not gone away.

@BackcomGlobal

TRUMP PROMISES $5,000 TO EVERY AMERICAN IF GOP WINS THE MIDTERMS

🇺🇸 Trump said that if Republicans retain control of both the House and Senate, every adult U.S. citizen would receive a $5,000 “Trump Dividend.”
💲 Estimated total cost: ~$1.35 trillion.
👉 Key conditions mentioned:
🖤 The money must be spent in the U.S.
🖤 JD Vance suggested wealthy Americans could be excluded
🖤 Tariff revenue has been mentioned as a potential funding source

🚨 However, the plan still lacks a clear funding mechanism and could require Congressional approval.

If implemented, it would be one of the largest direct cash-payment programs in U.S. history. 👨‍💼

@BackcomGlobal

🔥🔥🔥 BESSENT URGES SENATE TO MOVE CLARITY ACT FORWARD

🇺🇸 U.S. Treasury Secretary Scott Bessent urged the Senate to resume negotiations and advance the CLARITY Act immediately after the August recess.
🏙 According to Bessent, if the U.S. fails to establish a clear regulatory framework for digital assets, it would send a “troubling signal” to both allies and adversaries.
➡️ He also stressed that the CLARITY Act is not just about crypto — it would also give the U.S. stronger tools to combat money laundering, illicit financing, and the misuse of digital assets.

The U.S. increasingly views crypto regulation as both a technology race and a national security issue.

@BackcomGlobal

🔥🔥🔥 U.S. 10Y YIELD COOLS AFTER CPI, BUT THE FED REMAINS A MAJOR PRESSURE

🔴 The U.S. 10-year Treasury yield briefly surged above 5% right after the CPI release, before pulling back to around 4.93%.
👉 Markets calmed somewhat as headline CPI matched expectations, but:
🖤 Monthly Core CPI remains hot
🖤 The probability of another Fed rate hike is still very high
🖤 U.S. public debt and heavy Treasury supply continue to put upward pressure on yields
🚨 As a result, the current pullback in yields looks more like a short-term cooling move, rather than a clear reversal.

Yields have eased, but interest-rate pressure has not disappeared.

@Backcom_io