Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, China's commodity futures markets closed mostly higher overnight on August 21, with black metals leading gains. Coking coal surged 3.51%, while chemical products advanced, including soda ash up 2.62%. Energy commodities rose across the board, with liquefied petroleum gas gain

According to Guru Club, coke futures main contract rose 3% intraday today (August 21).

The U.S. Treasury announced on August 21 that it would expand long-term government bond buyback operations from approximately $2 billion to at least $4 billion, which pushed long-term bond yields lower. As government bond yields decline, investors increasingly shift toward alternative assets like

Kalshi, a prediction market platform, filed with the U.S. Commodity Futures Trading Commission to launch a perpetual futures contract for copper. The proposed COPPERPERP contract would track the spot price of copper in U.S. dollars per pound using a price feed from Pyth Network, a blockchain-based d

According to a Commodity Futures Trading Commission filing, prediction market platform Kalshi seeks approval to launch COPPERPERP, a perpetual futures contract tracking spot copper prices in U.S. dollars per pound. The proposed contract would use Pyth Network's XCU/USD price feed and employ a

The US dollar declined on the 21st at 8:08 AM Eastern Time, with the Dollar Index (DXY) falling to 98.657, down 0.227 points or 0.230% from the previous close of 98.884. The dollar faced downward pressure as the euro and British pound strengthened following improved private sector activity data from

According to Yonhap Infomax, the U.S. Dollar Index (DXY) fell to 98.657 on Aug 21 at 8:08 a.m. ET, down 0.227 points or 0.23% from the previous close. The euro and pound strengthened amid signs of economic improvement in the eurozone and UK, with the eurozone's August composite Purchasing Managers I

CME Group CEO Terry Duffy stated on Thursday that allowing prediction market platforms to self-certify event contracts without prior CFTC approval could make markets vulnerable to manipulation. Under the Commodity Exchange Act, platforms can propose, submit, and certify event contracts without

According to Axios, oil prices are showing diminishing sensitivity to Trump's social media posts about the Iran war as of August 21. Oil analyst Ben Cashil noted that during the initial weeks of conflict, a "information vacuum" and high uncertainty around U.S. policy led markets to "overreact" to so

The three major US stock indices opened higher on the New York Stock Exchange at 9:51 AM local time August 21, driven by bargain buying. The Dow Jones Industrial Average rose 356.67 points (0.68%) to 53,115.88, the S&P 500 gained 26.24 points (0.34%) to 7,667.40, and the Nasdaq Composite

According to Xinhua News Agency, President Trump announced on August 21 a temporary 90-day exemption allowing the U.S. to import up to 300,000 tons of ground beef without tariffs. Trump stated the beef would be priced approximately 25% below current market rates, aiming to lower consumer costs

On Thursday, the CFTC Innovation Committee held its first meeting, bringing together executives from Coinbase, Robinhood Markets Inc., Kalshi Inc., and Polymarket to discuss emerging market risks. CFTC Chairman Michael Selig said the 30-member committee will provide guidance on regulatory

According to the German Energy Storage Initiative, gas storage levels in Germany fell to a historic low on August 21, marking the lowest level for this time of year since records began in 2011. Sebastian Heinemann, head of the initiative, told the German News Agency that Germany's current storage ra

According to Hyperliquid Policy Center, a new research report titled "Perpetual Futures as Complements to Dated Futures" found that perpetual contracts extend market risk management tools and enhance price discovery without cannibalizing traditional futures markets. The study analyzed Bitcoin and on

According to CIBC economist Andrew Grantham, Canadian retail sales grew 0.6% in June, but preliminary estimates suggest a 0.8% month-over-month decline in July. Grantham noted that the final reading could be weaker, as gasoline prices rose following U.S. military strikes on

Saudi Aramco has directed liquefied petroleum gas (LPG) buyers to load cargo from inlets within the Persian Gulf, marking the first such requirement since port infrastructure was damaged before regional conflicts began in

From 12:30 to 12:45 UTC on August 21, 2026, BTC surged rapidly over the 15-minute period, reaching a high of 77,438.4 USDT and ultimately closing above 77,000. Its return for the period was +0.97%, with prices ranging from 76,636.1 to 77,438.4 USDT and an amplitude of 1.05%. Market volatility intensified significantly, as safe-haven sentiment and short covering jointly drove the rapid rebound. The primary driver of this move was the sharp escalation in geopolitical risks. The U.S.-Iran conflict

CME CEO Terry Duffy told the CFTC Innovation Advisory Committee that perpetual futures and 24/7 trading are unavoidable trends for traditional finance. According to Duffy, decentralized platforms such as trade.xyz are directly challenging the U.S. market through around-the-clock trading, even

According to Ukraine's Agricultural Ministry, grain exports from August 1-21, 2026 dropped to 540,000 tons from 1.73 million tons in the same period of 2025, representing a 69% decline year-over-year.

According to reports on August 21, Iraq's Prime Minister announced plans to increase the country's daily oil production to 8-10 million barrels within six years. Additionally, Iraq has dispatched a ministerial committee to Saudi Arabia to discuss expanding Iraq's Organization of Petroleum