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🔥🔥🔥 DXY Falls Below 99 as USD Faces Pressure From U.S. Fiscal Concerns 💵 The Dollar Index (DXY) has fallen to around 98.80, moving close to its lowest level in roughly three months. 👉 Key reasons:

🖤 The U.S. Treasury has increased the size of its long-term bond buybacks to $4 billion per operation, raising concerns over the fiscal outlook and the strength of the U.S. dollar. 🖤 Markets have lowered expectations that the Fed will continue raising interest rates, with the probability of a hike at the next meeting falling to around 41%. 🖤 Concerns over U.S. public debt and the budget deficit continue to weigh on the greenback.

📉 A weaker USD is supporting gold, Bitcoin, and several major currencies. @BackcomGlobal

🔥🔥🔥 Iran Says New U.S. Sanctions Will Fail 🇮🇷 Iranian Foreign Minister Abbas Araghchi said Washington’s renewed push for economic sanctions shows that the U.S. is becoming “desperate,” while insisting that the new measures will not force Tehran to back down. At present, vessel traffic through the Strait of Hormuz remains very low, so the details of the U.S. sanctions package expected to be announced today will be closely watched by markets. @BackcomGlobal

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🔥🔥🔥 U.S. Prepares Major “Financial Strike” Against Iran 🇺🇸 U.S. Treasury Secretary Scott Bessent said the United States is preparing to roll out tough sanctions aimed at isolating Iran from the global economic system. 📌 Key points:

🖤 Washington warned that countries and companies continuing to serve as a “financial lifeline” for Tehran could face sanctions and restrictions on access to the international financial system. 🖤 China is under particular scrutiny as it remains a major buyer of Iranian oil, while Gulf countries are also facing pressure to balance relations with both the U.S. and Iran. 🖤 Iran responded that countries supporting the U.S. economic pressure campaign could be viewed as engaging in hostile actions, while continuing to use the Strait of Hormuz as leverage.

If the U.S. significantly tightens pressure on Iran’s financial flows and oil exports, supply risks could continue to support oil prices while increasing volatility across global markets. @BackcomGlobal

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🔴 U.S. ECONOMIC CALENDAR (UTC) WEEK 04 – AUGUST 2026 This week, market attention is focused on Core PCE and U.S. Q2 GDP, two key data points that could have a major impact on Fed rate expectations, alongside the U.S. crude oil inventory report. 📌 Key events to watch: 🟣 12:30 UTC, Wednesday, Aug 26: Core PCE Price Index (MoM) – July 🟡 12:30 UTC, Wednesday, Aug 26: U.S. GDP (QoQ) – Q2 🟡 14:30 UTC, Wednesday, Aug 26: U.S. Crude Oil Inventories (EIA) 📈 The main focus this week is Core PCE and U.S. GDP on Aug 26. PCE is an inflation gauge closely watched by the market when assessing the Fed’s policy outlook, while GDP provides further signals on the health of the U.S. economy. These data releases could trigger significant moves in USD, gold, U.S. equities, and Treasury yields. View News Source Wishing everyone a smooth and successful trading week! 💪 @BackcomGlobal

📈 Start-of-Week Market Update

💰 Gold remains firm around $4,600. 🪙 Bitcoin continues to trade steadily within the $77K–$78K range. 🟡 Markets are relatively calm at the start of the week, awaiting fresh signals.

The two leading safe-haven assets are still holding up well as the new week begins. @BackcomGlobal

🇺🇸 U.S. Yields Rebound – Services PMI Beats Forecast 🟣 U.S. Services PMI for August jumped to 56.8, well above the 54 forecast. 🟣 U.S. Treasury yields rebounded across the curve: 2Y rose to 4.24%, 10Y to 4.474%, and 30Y to 5.276%. 🟣 The U.S. Treasury increased long-term bond buybacks from $2B to $4B, but the move was still not enough to push yields lower. ➡️ Strong U.S. economic data is making markets more cautious about the outlook for Fed interest rates. @BackcomGlobal

Asian Currencies Head for Weekly Gains – USD Near 3-Month Low 🔴 The USD continues to weaken, hovering near its lowest level in 3 months. 👉 Despite the U.S. Treasury increasing buybacks of long-term bonds, concerns over U.S. public debt continue to dominate, pushing yields higher again and putting pressure on the greenback. ⚡️ Asian and European currencies are benefiting: 🖤 The South Korean won is rising strongly. 🖤 The Japanese yen and several other currencies are also performing positively. 🖤 The Indian rupee remains under pressure due to high energy costs. 📈 The market is seeing a week of gains for many Asian currencies thanks to a weaker USD. @BackcomGlobal

🇺🇸 63% of Americans: Trump’s Crypto Profits Have “Crossed the Line”

🟣 A Reuters/Ipsos poll shows that 63% of Americans believe the Trump family’s cryptocurrency profits are inappropriate. 🟣 Around half of Republicans also say his business interests are influencing policy decisions. 🟣 The results reflect growing concerns over potential conflicts of interest.

Even within his own party, Trump is facing major questions about the line between politics and the crypto business. 👍 @BackcomGlobal

🔥🔥🔥 Iran and China Both “Say No” to U.S. Sanctions 🇺🇸 The U.S. is preparing to announce the strongest sanctions package in history targeting Iran. 🇮🇷 Iran has strongly voiced its opposition. 🇨🇳 China has also opposed the move, saying sanctions will not solve the problem and calling for dialogue. With both Iran and China pushing back, the economic battle surrounding the Strait of Hormuz is becoming even more complicated. 😄😄😄 @BackcomGlobal

📈 Green Weekend: BTC $78K – Gold $4,600 💰 Bitcoin is holding firmly in the $77K–$78K range. 💰 Gold has surpassed $4,600. 📈 U.S. stocks are slightly in the green heading into the weekend. ✅ A wave of altcoins is gaining momentum: 🖤 $BCH +32%, $ZEC +29%, $AAVE +24% 🖤 Memecoins: $PEPE +28%, $SHIB +23%, $TRUMP +18% ➡️ The market is “flying” into the weekend as capital inflows and positive sentiment continue to spread. @BackcomGlobal

Bessent “Doesn’t Understand” Why Oil Prices Are Surging 🏙 U.S. Treasury Secretary Scott Bessent admitted: “We’re seeing oil prices surge, and I really don’t understand why.” 🟣 He described the price movement over the past 24 hours as “noise.” 🟣 Meanwhile, markets are reacting to escalating tensions around the Strait of Hormuz and the increasingly aggressive sanctions strategy against Iran. When even the head of the U.S. Treasury says he “doesn’t understand,” uncertainty in the oil market only grows further. 😄😄😄 @BackcomGlobal

🔥🔥🔥 Japanese Yen Stays Flat Despite Rising Inflation 💴 The Japanese yen was little changed following Japan’s July CPI report. 🟣 Inflation edged higher from the previous month, supporting expectations that the BoJ may raise interest rates. 🟣 However, the market remained cautious and has yet to push the yen meaningfully higher. 🇯🇵 Inflation supports the BoJ, but the yen still hasn’t “woken up.” @BackcomGlobal

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🔥🔥🔥 CFTC Begins Building Its Own Crypto Regulatory Framework 🟢 CFTC Chair Michael Selig said he has directed agency staff to begin developing a crypto regulatory framework. 🟢 The CFTC will use its existing authority, without waiting for Congress to act. 🟢 Goal: To prepare for the possibility that the CLARITY Act remains stalled in the Senate. 🇺🇸 The CFTC is taking the initiative instead of waiting for CLARITY — a positive signal for the U.S. crypto market. 🪙 @BackcomGlobal

🔥 U.S. Treasury Secretary to Hold Press Conference on August 24 🏙 Scott Bessent is expected to announce the toughest sanctions package in history targeting Iran. 🟣 This marks the next step in Washington’s strategy to intensify economic pressure. 🟣 The U.S. is maintaining its naval blockade and has ended negotiations. 🇮🇷 Economic pressure on Iran is being raised to an unprecedented level. @BackcomGlobal

🔥🔥🔥 BTC Breaks Above $75K, Gold Hits $4,500 – U.S. Stocks End in the Red 💰 Bitcoin surged by more than $10K (around 17%) in just two days, breaking above $75K. 💰 Gold climbed above $4,500. 📉 U.S. stocks closed the session in the red. Crypto and gold are clearly benefiting from recent liquidity and policy signals, while traditional equities remain under pressure. @BackcomGlobal

🔥🔥🔥 CFTC Brings Positive News for Crypto 🤝 During this morning’s meeting, the CFTC Chair delivered several positive signals:

🖤 The crypto market will soon have clearer market-structure rules — the CFTC is committed to moving forward whether or not the CLARITY Act is passed. 🖤 The agency is considering rules that would allow crypto exchanges to offer margin and leveraged trading. 🖤 The basic regulatory framework is already in place. 🖤 The CFTC Chair is optimistic that the CLARITY Act could pass the Senate in the September 15 vote. 🖤 The GENIUS Act has helped provide clearer distinctions between securities and commodities. 🖤 The U.S. is determined to lead in technology and crypto innovation.

🇺🇸 The U.S. is showing strong support for crypto. Bitcoin has surged sharply, nearly reaching the $74K–$75K range after two important days of meetings. @BackcomGlobal

👍 Is Trump Sending Positive Signals to the Market? 🏙 President Trump has just stated: 🖤 The U.S. has full control of the Strait of Hormuz. 🖤 Iran is actively negotiating, despite repeated denials from Iranian officials. 🖤 A new trade deal with Canada is close to being reached. 📈 Markets reacted quickly, with Bitcoin briefly posting a sharp flash pump. The story about “paying $100K to get early access to news on Truth Social” is once again being discussed. 😄😄😄 @BackcomGlobal