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The U.S. economy is slowing, but inflation remains sticky leaving Kevin Warsh with a difficult balancing act. The key question: will Jackson Hole bring clarity on the Fed’s next move? Read the Full analysis: https://www.equiti.com/sc-en/news/market-insights/yesterday-data-raised-the-stakes-for-jackson-hole/?utm_source=Telegram&utm_medium=Article&utm_content=en&utm_lpurl=warsh

Silver Analysis – 27/08/2026 📉Overview: Silver continues to trade above the 67.00 support zone and has rebounded toward 69.00, bringing the metal back near the key 70.00 resistance level, with buying momentum gradually returning.   ------------------------ 🟢Daily Outlook: If silver manages to hold above 67.00, the bullish momentum could continue, with another attempt to retest and break above 70.00. A successful breakout could open the door to higher levels. However, a close below 67.00 could signal renewed bearish momentum and extend the correction toward 65.00–64.00.   ------------------------   📊Key Economic Data Today: U.S. Initial Jobless Claims   ------------------------   🚨Risks: War-related developments and economic sanctions remain key risks, alongside Kevin Warsh’s speech at Jackson Hole tomorrow, which could influence interest-rate expectations and the U.S. dollar, and consequently impact silver prices.   ------------------------   Support: 67.00 – 66.00 Resistance: 70.00 – 70.50

Gold Analysis – 27/08/2026 📉Overview: Gold declined toward the 4,590 support zone following the release of the Personal Consumption Expenditures (PCE) Index, but managed to hold above the support level, keeping the potential for renewed positive momentum intact.   ------------------------ 🟢Daily Outlook: If gold manages to trade above the 4,590 support zone and records positive closes near the previous highs at 4,650–4,680, bullish momentum could continue toward 4,700–4,750. However, a close below the daily low at 4,590 could signal a continuation of the downside correction toward 4,550–4,520.   ------------------------ 📊Key Economic Data Today: U.S. Initial Jobless Claims   ------------------------ 🚨Risks: War-related developments and economic sanctions remain key risks, alongside tomorrow’s Kevin Warsh speech at Jackson Hole, which could influence monetary-policy expectations and gold prices. ------------------------   Support: 4,590 – 4,580 Resistance: 4,650 – 4,680

Things to know 27/08/2026 Japan 🇯🇵 Deputy Governor Ryozo Himinostated that the central bank needs to carry out "timely" interest rate hikes to avoid a future spike in inflation that would require abrupt tightening. U.S. shares 🇺🇸 Nvidia delivered a bullish sales outlook, signaling that artificial intelligence-driven demand could remain strong through 2028. Nvidia shares surged more than 4% following better-than-expected Q2 results and strong revenue guidance, with its outlook providing fresh evidence that spending on AI infrastructure remains robust. Salesforce also jumped nearly 13% after reporting higher-than-expected Q2 revenue, while Okta soared 20% after topping estimates and citing booming demand for agentic AI. Gold ⭐️ Gold prices fell toward $4,600, as investors assessed fresh US economic data for clues on the Federal Reserve’s interest-rate path. The PCE price index rose 0.2% in July, above expectations for a 0.1% increase, Markets are now pricing around a 60% chance of the Fed leaving rates unchanged next month, down from 64% before the data. Australia 🇦🇺 Australian dollar rose toward $0.72, extending its rally to a fresh three-month high amid growing expectations of an interest rate hike as early as next month. The shift in rate expectations followed hotter-than-expected July inflation print, which showed price pressures remained elevated and prompted several major banks to revise their RBA forecasts. National Australia Bank now expects the central bank to raise its cash rate to 4.6% at the September 28-29 meeting. Crude Oil 🛢️ Crude oil slipped below $81, amid signs of diplomatic progress in the Middle East. Iran and Oman reached an agreement over each country’s share of the Strait of Hormuz’s waters and related revenues, although Tehran cautioned that reopening the crucial waterway would require more than an agreement with Oman. Meanwhile, President Donald Trump said 10 million barrels of oil had passed through Hormuz on Tuesday, while reiterating claims that mines in the waterway had been cleared.

⚠️US CRUDE OIL INVENTORIES ROSE 95,000 BARRELS, EIA SAYS

Dollar Is Caught Between Growth and Credibility Higher real yields are giving the dollar a temporary lift as firm US data flattens the curve, though the currency is caught between resilient nominal growth and a lingering risk premium. Real yields moved higher across the curve after this morning’s data, led by the front end, with 2-year reals up roughly 4 bps. PCE was uncomfortable at the margin, while the broader activity picture remains firm enough to keep the growth side of the US exceptionalism argument alive. A rise in real yields accompanied by curve flattening and stronger data carries a very different signal from one driven by concerns over policy credibility and inflation risk. The former reinforces the carry and growth appeal of the dollar. The latter raises questions around the policy mix and weighs on the currency even as nominal yields climb. The dollar is stuck in that game of yoyo, with political concerns limiting the scope for sustained strength while robust nominal growth keeps a meaningful floor underneath it. Looking beyond the noise coming out of Treasury, real yields approaching 3% are exceptionally attractive for liability-driven participants, where the appeal of locking in long-duration real income is straightforward. For traders and bond vigilantes, the same yield can carry a very different message around term premium and inflation. That split helps explain why the long end can find demand even as the broader rates market questions where equilibrium really is.

Is the Hormuz risk premium finally fading? Oil prices are pulling back as part of the geopolitical risk premium starts to unwind. But the key question remains: has the Hormuz risk actually faded, or is the market getting ahead of itself? Read the full analysis: https://www.equiti.com/sc-en/news/trade-reviews/wti-oil-outlook-is-the-hormuz-risk-premium-finally-fading/?utm_source=Telegram&utm_medium=Article&utm_content=en&utm_lpurl=oil

Nvidia earnings face another major test. Beating expectations may no longer be enough. Investors want stronger guidance and clear evidence that AI demand can keep accelerating. Read the full analysis: https://www.equiti.com/sc-en/news/stock-market/nvidia-earnings-2026-will-beating-expectations-be-enough-this-time/?utm_source=Telegram&utm_medium=Article&utm_content=en&utm_lpurl=nvidia

Kevin Warsh heads to Jackson Hole under pressure. His first speech as Fed Chair could provide crucial clues on inflation, interest rates and the Fed’s policy direction. The key question: hawkish shift or more patience? Read the full analysis: https://www.equiti.com/sc-en/news/market-insights/kevin-warsh-jackson-hole-fed-speech-inflation-rat…

Gold Analysis – 26/08/2026 📈Overview: Gold continues to trade with a positive bias above previous lows. However, the 4,700 area represents a strong resistance zone, which could limit further upside in the short term. —————- 🟢Daily Outlook: If gold manages to hold above the 4,600 area, the bullish momentum could continue, with the price attempting to break above 4,700. However, a close below 4,600 could signal the beginning of a downside correction toward 4,550. ——————- 📊Key Economic Data Today: Personal Consumption Expenditures (PCE) Index Prelim GDP q/q ———————- 🚨Risks: Developments surrounding the war, economic sanctions, and upcoming economic data remain key factors that could influence gold prices and market volatility. —————— Support: 4,615 – 4,600 Resistance: 4,690 – 4,700

Silver Analysis – 26/08/2026 📈Overview: The 70.00 area remains a key resistance level for silver. The metal has made several attempts to break above this level without success, confirming weakening buying momentum at current levels. ——————- 🟢Daily Outlook: If silver manages to hold above the 67.00 support zone, it could make another attempt to break above 70.00. However, a close below 67.00 could signal the beginning of a downside correction toward 66.00, followed by 65.00. —————- 🚨Risks: War-related developments, economic sanctions, and economic data remain key factors that could influence silver’s price action and volatility. —————- 📊Key Economic Data Today: Personal Consumption Expenditures (PCE) Index Prelim GDP q/q —————— Support: 67.00 – 67.50 Resistance: 70.00 – 70.50

Things to know 26-08-2026   U.S. – Iran🇺🇸🇮🇷 Iran said it had restarted talks with neighbour Oman to manage the Strait of Hormuz as it faces heightened economic pressure from US President Donald Trump in the wider conflict. Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the strategic waterway, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. On the other hand, Rubio tells allies that US shifting from strikes to sanctions on Iran and that they are unlikely to launch new Iran strikes for time being.   Federal reserve 🪙 Fed's Barkin said that if debt rises at some point, investors will stop buying, and there will eventually be a reckoning on US debt and that comes after rising national debt (which crossed $40 trillion) and a $2.1 trillion fiscal budget deficit.   Australia🇦🇺 Annual inflation rate in Australia slowed to 3.5% in July 2026 from 3.8% in June but remained above both expectations of 3.3% and the central bank's 2–3% target range. It was the softest increase since November 2025, as goods inflation moderated to an eleven-month low of 3.2%, while services inflation also eased to 3.7% from 4.0%.   Crude Oil🛢️ Crude oil fell toward $80 per barrel, following reports that Iran and Oman discussed the establishment of a “temporary joint maritime corridor” in the Strait of Hormuz. Technical talks between the two sides are set to continue as they work toward a permanent maritime corridor covering the future administration of the strait, information-sharing mechanisms, traffic management, and the provision of maritime and security services. On the other hand, US crude oil inventories rose by 4.2 million barrels in the week ending August 21st, well above market expectations for a 1.9-million-barrel increase and reversing a 328,000-barrel decline in the previous week.   Gold⭐️ Gold traded around $4,650, as investors awaited the latest US PCE price index report, the Federal Reserve’s preferred measure of inflation. Attention is also turning to Fed Chair Kevin Warsh’s speech at the annual Jackson Hole symposium on Friday, although he is not expected to provide clear guidance on the central bank’s policy decision in September. Investors continued to assess the US Treasury’s decision to double liquidity-support buyback operations for longer-dated notes and bonds.

⚠️RUBIO SAYS US SHIFTING FROM STRIKES TO SANCTIONS ON IRAN: AXIOS ⚠️RUBIO TOLD ALLIES US WON'T INITIATE IRAN STRIKES FOR NOW: AXIOS

Brent Crude Falls as Bessent Focuses on Iran Sanctions Brent crude touched the day’s lows after US Treasury Secretary Scott Bessent kept remarks at his press conference mostly focused on Iran, saying the US would end dollar access to those laundering Iranian money and block every potential revenue source for the IRGC. The Bloomberg Dollar Spot Index ticked up slightly to a session high. He mostly steered clear of talking about the department’s plan, announced last week, to boost its buybacks of long-end bonds, saying the next operation is on Sept. 9 and “we’ll see” what happens then. CNBC reported earlier Monday that the Treasury could draw down some of its cash pile to fund those repurchases. BESSENT: US TO END DOLLAR ACCESS TO THOSE LAUNDERING IRAN MONEY BESSENT: TRUMP CALLING SPECIFIC NATIONS TO CEASE IRAN DEALINGS BESSENT: MAJOR FINANCIAL INSTITUTION TO BE SANCTIONED THIS WEEK BESSENT: NEXT BOND BUYBACK OPERATION IS SEPT. 9, WE’LL SEE

Silver is approaching a key $70 level. Could a breakout trigger the next bullish move, or will resistance hold? Read the full analysis: https://www.equiti.com/sc-en/news/trade-reviews/silver-next-move-may-depend-on-the-70-breakout/?utm_source=Telegram&utm_medium=Article&utm_content=en&utm_lpurl=silver