Commodities (Crude Oil & Copper) & Macro Outlook

Bitcoin (BTC) remains weak on its rebound, trading at around $63,950 as of August 5. The CLARITY Act has been shelved over ethical concerns arising from the massive losses suffered by investors in Trump’s memecoin, TRUMP, and senators have asked the U.S. SEC to investigate it. Ethereum researchers proposed burning validator rewards and halting net reward issuance when the staking rate reaches 50%. Macro Events & Crypto Hotspots CoinDesk reported that U.S. Democratic Senators Elizabeth Warren and

According to reports on Thursday (August 4), copper prices surged to a two-month high, briefly touching $14,000 per ton on the London Metal Exchange (LME). The surge coincides with a record influx of copper into the U.S., with over 200,000 tons arriving at American ports in July alone, according to

According to Financial Times, the Trump administration has issued approximately $100 billion in tariff refunds following the U.S. Supreme Court's rejection of its emergency tariff authority.

The Shanghai Containerized Freight Index (Europe Route) main contract declined 7.0% intraday today, closing at 1,670 points.

WTI crude oil rose 1% intraday to $75.08 per barrel on August 5. Brent crude oil gained 1% to $79.31 per barrel during the same session.

According to consensus forecasts from major South Korean brokerages on August 5, Korea Electric Power Corporation's operating profit for Q2 2026 is expected to fall 12.19% year-over-year to 1.8755 trillion won, while sales are projected at 21.95 trillion won. The decline reflects delayed

South Korean stocks surged on August 5, with the KOSPI index jumping 4.54% to 6,647.68 and the KOSDAQ rising 2.52% to 800.37 as of 9:32 AM. The rally was driven by strong overnight gains in US equities following reports of progress in US-Iran negotiations over the Strait of Hormuz. Foreign

According to Jin Lian Create, on August 5, the reference crude oil price averaged $82.34 per barrel with a change rate of -7.90%, indicating domestic gasoline and diesel retail prices should drop 350 yuan/ton. The next price adjustment window is set for August 14 at 24:00, following the "ten

Seoul's bond market on August 5th saw 3-year Korean government bond yields break below 3.75% as foreign investors purchased over 105,000 contracts of 3-year bond futures over nine trading days. The buying surge included 17,000 contracts on the 3rd and 15,000 on the 4th. Brent crude spot prices

According to Yonhap Infomax, on August 5, South Korea's 3-year government bond yield broke below the 3.75% psychological level amid declining international crude oil prices. Foreign investors have purchased approximately 105,000 contracts of 3-year government bond futures over nine consecutive

According to Federal Reserve Vice Chair Schmid, as of June, the Fed is cautioning against interpreting a single month of inflation data as grounds for near-term policy loosening. The central bank targets 2% inflation, which the official noted is the level that avoids materially impacting household a

Korea Gas Corporation is expected to report operating profit of 420.4 billion won for Q2, up 3.91% year-over-year, driven by strong performance in overseas exploration and production (E&P) operations. The consensus forecast from eight major securities firms surveyed by Yonhap Infomax shows revenue o

According to a Yonhap Infomax survey of consensus forecasts from eight securities firms on August 5, South Korea's Korea Gas Corporation (KOGAS) is expected to post Q2 operating profit of 420.4 billion won, up 3.91% year-over-year, with revenue declining 8.44% to 6.99 trillion won. Strong

According to Jin10, Federal Reserve official Schmidt recently warned that the recent easing in energy prices may be temporary.

According to Korea Exchange, copper-tracking exchange-traded notes (ETNs) delivered double-digit returns over the past month through August 4. The surge was driven by surging demand from artificial intelligence infrastructure investments, while global mining supply remained constrained.

According to Jin10 Futures, Malaysia's palm oil futures on the Bursa Malaysia Derivatives Exchange are expected to open lower on Wednesday morning, August 5, tracking declines in crude oil and soybean oil. A survey shows July palm oil exports rose 14.8% month-over-month with production up 7.4%,

According to Iran Foreign Ministry, US and Iranian negotiators made progress on reopening the Hormuz Strait on August 5, with officials signaling potential agreement announcements could come within hours or days. US Secretary of State Rubio stated Washington is making progress with Iran on

According to Seoul Bond Market data reported by Yonhapinfomax, South Korea's 10-year government bond futures rose 45 ticks to 106.41 in overnight trading on August 5, while 3-year futures climbed 11 ticks to 103.44. U.S. Treasury yields fell sharply, with the 10-year yield down 6.40 basis points

According to Wall Street Breakfast, as U.S.-Iran tensions ease following diplomatic signals from Qatar and the U.S., oil prices declined sharply today (August 4). Meanwhile, the Standard & Poor's 500 and Dow Jones indices hit record highs, with the semiconductor index surging 6%. Iran reported