Europe’s gas prices can’t hold on any longer: TTF jumps 2.4% to stand above €73.63. Trump rejects Iran’s proposal to reopen the Strait of Hormuz for seven days. With Norwegian pipelines undergoing maintenance and Asia抢shipping cargo, EU inventories are only at 70%. The first bill for winter has already been issued.
On the other side, Asia-Pacific is turning in its homework. South Korea’s KOSPI falls 2.4%, Hong Kong stocks rebound by more than 150 points, Turkey’s 5-year CDS rises to 250 basis points—its highest since May—and nobody wants to take over the accounts of emerging markets.
Japan’s finance official, Tomohide Kimura, speaks out saying he is dissatisfied with the yen’s recent performance and doesn’t feel at ease. The moment the words land, USD/JPY drops by 30 pips. Carry-trade positions fear nothing more than this kind of verbal intervention handed off in sequence.
In crypto, BTC at 83,054 is “playing dead” down 1.9%. On the altcoin side, Harmony’s ONE silently surges 24%. Contract open interest rises 18% in a single day, but active buy-sell volume slips from 0.9 to 0.85—there are buyers who push the price up, but more people are handing over their chips.
On commodities, gold (4162) drops another 2.9% overnight, silver (61.17) falls 4.7%, and Brent crude (99.24) clings to the “just under $100” level in sleep mode. Gold still hedges in risk-off debt; gas is quoting for inflation; and oil is waiting for the clock at Hormuz.
Before Nonfarm Payrolls on October 2, somewhere between the carry-trade borrowing sheets and Brent’s $100 threshold, one will break first. #宏观分析 #原油 $BTC $XAU $BZ
On the other side, Asia-Pacific is turning in its homework. South Korea’s KOSPI falls 2.4%, Hong Kong stocks rebound by more than 150 points, Turkey’s 5-year CDS rises to 250 basis points—its highest since May—and nobody wants to take over the accounts of emerging markets.
Japan’s finance official, Tomohide Kimura, speaks out saying he is dissatisfied with the yen’s recent performance and doesn’t feel at ease. The moment the words land, USD/JPY drops by 30 pips. Carry-trade positions fear nothing more than this kind of verbal intervention handed off in sequence.
In crypto, BTC at 83,054 is “playing dead” down 1.9%. On the altcoin side, Harmony’s ONE silently surges 24%. Contract open interest rises 18% in a single day, but active buy-sell volume slips from 0.9 to 0.85—there are buyers who push the price up, but more people are handing over their chips.
On commodities, gold (4162) drops another 2.9% overnight, silver (61.17) falls 4.7%, and Brent crude (99.24) clings to the “just under $100” level in sleep mode. Gold still hedges in risk-off debt; gas is quoting for inflation; and oil is waiting for the clock at Hormuz.
Before Nonfarm Payrolls on October 2, somewhere between the carry-trade borrowing sheets and Brent’s $100 threshold, one will break first. #宏观分析 #原油 $BTC $XAU $BZ