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Sunday, 23 August 2026

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Donald Trump invokes US senator’s death to push crypto bill

With the death of Senator Lindsey Graham and another senator hospitalized, Republicans’ current majority in the chamber has been reduced to 51-47, likely requiring more Democratic support to pass crypto market structure.

Revival of Oil Turbulence Puts These Energy ETFs in Focus

A relative period of calm in the oil market may well be over, following last week’s goings on in the Middle East. Most notably, the U.S. renewed military strikes against Iran, with President Trump potentially unnerving …

Fed: Inflation risks and policy hold – TD Securities

TD Securities economists Oscar Munoz and Eli Nir highlight that the June FOMC minutes were hawkish, with most participants ready to hike if supply-driven inflation persists. They still project the Fed will keep rates on…

Equities: Positioning signals recovery optionality – BNY

BNY’s Geoff Yu highlights that Emerging Markets (EM) equity positioning is heavily skewed toward South Korea and Taiwan, with the rest of EM seeing historically low allocations. China’s weakness and poor EM data have al…

Oil: Strait of Hormuz risks reshape macro mix – BNY

BNY's Geoff Yu notes that renewed U.S.-Iran tensions have lifted Brent and WTI, with markets reassessing energy supply risks and broader risk sentiment. Yu stresses that the Strait of Hormuz is now the key macro channel…

Chinese Yuan: Stronger fix guides gradual RMB gains – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH dipped after a stronger USD/CNY fix below 6.80, the first such level since February 2023. They read this as policymakers being comfortable with …

Japanese Yen: Higher energy prices pressure JPY – MUFG

MUFG’s Lee Hardman reports the Japanese Yen has weakened again, pushing USD/JPY back above 162.00 as higher energy prices and fading impact from last week’s verbal intervention weigh on the currency. He explains that un…