Commodities (Crude Oil & Copper) & Macro Outlook

Track prices and supply events for commodities such as crude oil and copper. Explore how energy costs and industrial cycles influence crypto mining, risk-on/risk-off sentiment, and global macro forecasts.
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Ahead of the July FOMC meeting: the probability of a Fed rate hike rises to 31.5%—how will Bitcoin, gold, and the U.S. dollar respond?

The Fed will release its July interest rate decision at 12:00 a.m. Beijing time on July 30. This was widely seen by the market as a “transitional meeting”—a policy window between the June pause and the expected action in September. However, a series of events over the past three weeks has completely changed the tone of the meeting. As of July 27, the CME FedWatch tool shows that the market is pricing a 68.5% probability that rates will be kept unchanged in July, while the probability of a 25 bps
XBRUSD-1.65%
XTIUSD-1.95%
BTC-0.19%
XAUUSD-1.05%
GateInstantTrends·07-27 09:38
Ahead of the July FOMC meeting: the probability of a Fed rate hike rises to 31.5%—how will Bitcoin, gold, and the U.S. dollar respond?

Insurers Halt Red Sea Coverage for Saudi Ships Amid Houthi Blockade

Insurers have ceased providing coverage for ships with Saudi connections in the Red Sea, according to information from @solidintel_x. The decision is linked to the ongoing Houthi blockade in the region. The Iran-aligned Houthi movement has been targeting commercial shipping routes, particularly
LucasBennett·07-27 09:21
Insurers Halt Red Sea Coverage for Saudi Ships Amid Houthi Blockade