Hello, wonderful traders! It’s the middle of the trading week, so let’s see what news is important to know for today!✨
🇺🇸Investors will be keeping a close eye on Fed Chairman Jerome Powell's speech at the Jackson Hole symposium on Friday to see how hawkish the US central bank will be in the situation of growing economic troubles.
🛢Crude oil surged above $93 per barrel, helped by declining US crude inventories and a possible cut in OPEC production. WTIUSD is $93.70 at the moment, and XBRUSD is $99.42.
🇨🇳China's already fragile economy has been plagued by some of the driest riverbeds since 1865, disrupting hydroelectric power generation and causing energy chaos.
🀄️The yuan fell to its lowest level against the dollar in 2 years. USDCNH is $ 6.8766 now.
☢️Bitcoin and other major cryptocurrencies were largely flat on Tuesday, even as investors remained anxiously excited ahead of the Fed Chairman Jerome Powell's scheduled announcements on Friday about the central bank's direction on monetary policy.
💰Billionaire Warren Buffett is auctioning off his autographed high-tech portrait to raise money for the charity, and bidding has already topped $30,000.
✨Have a fantastic trading day! ✨
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