Crypto
Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets
Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.
Denarius Prime
Geopolitics
The world’s approach to sovereign debt needs to change - Financial Times
The world’s approach to sovereign debt needs to change - Financial Times
Energy
Natural Gas and Oil Forecast: Gulf Supply Risks Rise as WTI and Brent Break Higher - FXEmpire
Natural Gas and Oil Forecast: Gulf Supply Risks Rise as WTI and Brent Break Higher - FXEmpire
macro
Chinese Oil Buying Jumps, Central Banks Add 23 Tonnes of Gold, Study Finds Elevated Toxins in Autistic Kids
Today's Digest covers China's $100 crude, $4.15 gas, central-bank gold, $14k copper, Liquid BTC hack, Army readiness, autism toxins, protein snacks, Dutch carbon-capture facility, Greenland ice gain, and Chinese robots.
Crypto
Bitcoin slips under $79,000, Zcash leads losses as Fed hike odds hold near 60%
Every major token fell on Tuesday, though most keep weekly gains, with traders pricing a 60% chance of a Fed hike next week.
Geopolitics
The world’s approach to sovereign debt needs to change - Financial Times
The world’s approach to sovereign debt needs to change - Financial Times
Energy
Global Diesel Supply Crunch Is Set to Last Through Winter
Global diesel fuel supply will remain tight into next year for lack of enough refining capacity to pick up the slack from Middle Eastern and Russian facilities, Reuters has reported, citing refining and commodity trading industry executives. “There's really a shortage of products because we're missi
macro
Argentina: Can Milei Wake a Dead Economy?
Argentina is perhaps the most fascinating economic experiment taking place anywhere in the Western Hemisphere. This was once among the wealthiest nations in the world. Generations of political corruption, socialism, currency destruction, defaults, subsidies, and government intervention turned that e
Markets
China’s central bank boosts gold reserves by most since 2023 - Investing.com
China’s central bank boosts gold reserves by most since 2023 - Investing.com
Geopolitics
New York Fed Analyzes Global Dollar Reserves: Dollar Share Declines, but 'De-dollarization' Narrative Is Overstated - Moomoo
New York Fed Analyzes Global Dollar Reserves: Dollar Share Declines, but 'De-dollarization' Narrative Is Overstated - Moomoo
Energy
Oil prices surge as US-Iran strikes intensify in Strait of Hormuz - Al Jazeera
Oil prices surge as US-Iran strikes intensify in Strait of Hormuz - Al Jazeera
Markets
By Dumping US Treasuries to Prop Up the Yen, Japan’s Foreign Currency Reserves Plunged by $95 Billion in August. But Don’t Cry for Japan. These Interventions Are Hugely Profitable
The government is already busy fighting over what to do with the $31 billion in profits on its foreign exchange interventions last fiscal year.