🛢 Oil prices fell by more than 5% below $81 amid reports that the US and Iran have reached a ceasefire. Brent, meanwhile, dropped 2% to $85.
🇮🇷Iran and Oman are now aiming to establish a permanent shipping route through the Strait of Hormuz within 60 days.
🇺🇸The US said there are no ongoing talks with Iran.
⚠️Event of the day: The core personal consumption price index in the US. Forecast 3.3%; if the reading is below this level, it will boost the markets.
⚡️Report of the day: Nvidia. The stock price is ending its 7-day losing streak within hours ahead of today’s earnings report.
↗️Shares rose ahead of earnings reports in each of the last 5 quarters. Then they fell the next day after each of the last 4.
🪙Bitcoin dropped to $78.8K. ETF inflows on 25.08 totaled $314 million.
$BTC $ETH
🇮🇷Iran and Oman are now aiming to establish a permanent shipping route through the Strait of Hormuz within 60 days.
🇺🇸The US said there are no ongoing talks with Iran.
⚠️Event of the day: The core personal consumption price index in the US. Forecast 3.3%; if the reading is below this level, it will boost the markets.
⚡️Report of the day: Nvidia. The stock price is ending its 7-day losing streak within hours ahead of today’s earnings report.
↗️Shares rose ahead of earnings reports in each of the last 5 quarters. Then they fell the next day after each of the last 4.
🪙Bitcoin dropped to $78.8K. ETF inflows on 25.08 totaled $314 million.
$BTC $ETH
