πŸ“Š Market Snapshot

  • πŸ₯‡ Spot Gold: 4323.48 (-0.63%), intraday high 4364.13, low 4310.94
  • πŸ›’οΈ WTI Crude: 80.524 (+0.10%), intraday high 80.638, low 79.917

πŸ”₯ Key News This Hour

1. Trump Family Launches Truth API β€” $100K/Month for Early Access to President’s Posts The Trump family business launched a paid data API offering millisecond-level early access to Trump’s social media posts, with top-tier subscriptions at $100,000/month, raising potential legal concerns.

2. Canada-US Trade Talks Countdown, Brazil Initiates Retaliation Canada is in high-frequency negotiations with the US ahead of the August 19 deadline; Brazil has taken the lead in initiating trade retaliation against the US, signaling accelerating trade realignment in the Americas.

3. Trump and Musk Reconcile VP Vance, Donald Trump Jr., and others served as intermediaries. With SpaceX’s strategic importance and shared political interests, the two have patched up their relationship after a public falling-out.

4. Markets Bet on RBA November Rate Hike Swap market pricing puts the probability of a 25bp hike by the Reserve Bank of Australia in November at approximately 45%, up from earlier expectations, as inflation remains above the central bank’s target.

5. Iran Crisis Disrupts Energy Markets, Japan Power Futures Trading Surges Short-term contract trading volume on the European Energy Exchange (EEX) has grown for four consecutive months, as Japanese companies increasingly use power futures to manage fuel price volatility risk.

6. SanDisk’s Bullish Outlook Boosts Asian Memory Chip Stocks SanDisk (SNDK) issued an optimistic forecast, lifting Kioxia Holdings up to 8.7% and SK Hynix and other memory stocks, extending the AI-driven narrative.

🧭 Assessment

Gold pulled back from the 4364 intraday high to around 4323, down 0.63% for the session, indicating notable selling pressure above 4360.

Oil prices are trading in a narrow range around the 80 mark, with Iran-related risk premium offsetting demand uncertainty.

The Trump family’s Truth API venture further blurs the line between political power and commercial interests, potentially becoming a new political risk vector.

The Canada-US trade negotiation deadline is approaching, and Brazil’s initiation of retaliation procedures signals that trade frictions in the Americas are escalating from rhetoric to action.

In A-shares, ChiNext gained 0.65% while the Shanghai Composite fell 0.21%, with CPO and fiber optic concepts leading gains; JD.com’s HK stock dropped over 10%, weighing on tech sector sentiment.

⏰ Upcoming Key Events

  • August 19: Canada-US trade talks deadline
  • August (date TBD): RBA interest rate decision (market pricing 45% probability of November hike)