đ° Key Events This Week:
đAugust CB Consumer Confidence data - Tuesday
đJuly New Home Sales data - Tuesday
đJuly PCE Inflation data - Wednesday
US Q2 2026 GDP data - Wednesday
đNvidia, $NVDA, Reports Earnings - Wednesday
đAugust MI Consumer Sentiment data - Friday
đAugust MI Inflation Expectations data - Friday
âą BTC trades near $77,000, down about 0.9% on the day after surging roughly 23% over the past week to near $78,000 highs. The advance was fueled by spot ETF demand, short covering, and a broader 'debasement trade' as the dollar weakens and Treasury buyback fears mount; Fear & Greed Index sits at 67 (Greed).
âą The DXY has fallen near 98.80, its lowest in roughly three months, after Treasury Secretary Bessent pledged to double long-bond buybacks to cap surging yields. Markets read the move as fiscally destabilizing, driving haven flows into gold and bitcoin instead of the greenback.
âą Bullion is up about 5% over the past week as investors flee dollar exposure amid Treasury debt strategy worries and geopolitical risk. Technicals show gold overbought (RSI near 72) but still trending strongly above all major moving averages.
âą Washington is set to unveil sweeping new sanctions targeting Iran's trade partners, prompting Tehran to threaten a full halt to Gulf oil exports. Simultaneously, Canada's retaliatory tariffs, effective September 8, are weighing on the loonie and adding to a mixed risk backdrop heading into a data-heavy week.