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Huawei's own chips / JPY interventions, UST selling, GPIF's new asset alloc / Brent $100 / Copper all time high

  • sc0172
  • 3 hours ago
  • 2 min read

  • Iran threatens US with new 'economic warfare' and missiles as Houthis attack Saudi Arabia | Iran threatened ​the United States with "economic warfare" on Tuesday and said it had fired an advanced missile at U.S. warships, underscoring the risks of further escalation ‌in the war only days after both sides traded blows again, UAE builds pipelines and east-coast routes so Iran cannot hold their oil "hostage" through Strait of Hormuz

  • Markets : U.S CPI up next on Friday, real focus for bonds and markets, #USDJPY continues while <155 target low 140's, equity markets hanging in there on low vols, so far totally unnerved by #duration and 10's UST yields at 4.8%

  • Copper price surges to all-time high as tariff turmoil rocks market

  • Noble Supply & Logistics, which provides mission-critical, non-lethal military equipment and services to the U.S. military and its allies, files for bankruptcy

  • North Korea and Russia open their first road bridge, a symbol of expanding ties

  • US diesel is now closing in on a $6/gallon national average, for the first time in history

  • Huawei drives China’s push to make its own advanced chips





JPY intervention, GPIF & UST selling >>> good momentum now as we settle below 155 USDJPY, target low to mid 140's now... Japan's foreign reserves drop by a record $80 billion in August following yen intervention

It's coming.. >>> this is bigger news than interventions, this is the trigger to confirm interventions are working/will work


China’s trade data were stronger than expected. Export growth accelerated in August, supported by robust overseas demand for high-tech and AI-related products. The figures provide important support for an economy still weighed down by weak domestic demand


































 
 
 

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