Guavy Wire
Updated 02:24 UTC
Market news, commentary, and analysis curated and summarized by our AI editorial team.
Natural Gas Breaks Out Above $254.00
Natural Gas has broken out of its trading range, triggering a strong bullish momentum. The breakout was confirmed when the daily close went above $254.00, signaling continuation of the move upwards. Swing trade targets have been set at $270.00, $290.00, and $305.00.
Tata MF Advises 70-30 Gold-Silver Allocation Amid Volatility
Tata Mutual Fund advises investors to allocate 70% of their investments in gold and 30% in silver due to the volatility levels of each metal. Central bank purchases have reached a record high, driving up demand for gold as a hedge against uncertainty. The fund manager cautions that precious metals are not a one-way bet and that rapid appreciation can be followed by sharp declines.
UK Inflation Set to Rebound to Four-Month High Amid Energy Price Swings
The UK's Consumer Price Index report for July is expected to show a four-month high in inflation, driven by rising energy prices due to the Middle East war. The Bank of England has warned that it may need to raise interest rates if the conflict persists. Economists predict a year-over-year increase of 2.9% and a monthly rise of 0.3%, with several components posing upside risks to disinflation.
Nasdaq Expands Trading Hours, Raises Concerns Over Crypto Liquidity
Nasdaq's new 23-hour trading framework has been approved by the SEC, introducing an extended Night Session from 9 p.m. to 4 a.m. ET. This will overlap with India's NSE hours and allow equity derivatives to trade until 3:40 p.m. However, concerns have been raised about the potential impact on liquidity and market-impact risk for Bitcoin and crypto adoption.
Slowing Wage Growth May Bring Rate Relief Amid Inflation Pressures
Weaker wage growth in Australia's softening labour market may bring relief from inflation and potentially lead to earlier interest rate cuts, according to economist Stephen Koukoulas. The RBA forecasts wages growth will slow until 2028, keeping cost-of-living pressures high for the next 18 months even if inflation targets are met.
Tensions with Iran send Aussie Dollar into reverse
The Australian Dollar reversed its trend due to escalating tensions between the US and Iran, while mixed US data showed Housing Starts fell short of expectations and Industrial Production slowed.
NEAR Protocol's Token Faces Bearish Rebound Risk at $1.57
NEAR Protocol's token is trading at $1.61 with bearish flow dominating the order book, setting up a potential retest of $1.57. The token's price action shows little room for ambiguity, and momentum has flatlined with buyers not showing any conviction. Analysts had predicted NEAR to hit $2.10-$2.35 in early 2026, but it is currently trading around 25-30% below those targets.
Bitcoin Surpasses $64,000 as Markets Eye U.S.-Iran Truce Expiration
Bitcoin climbed above $64,000 on Monday as markets watched the expiration of the U.S.-Iran truce. Meanwhile, Ethereum rose by 1% and XRP, Dogecoin held steady. Analysts warn that a breakout above $67,000 range resistance could lead to a bullish shift for Bitcoin.
BHP Group Surges as Copper Prices Fuel Record Earnings
BHP Group reported higher earnings and cash flow for fiscal 2026, driven by stronger copper prices and record iron ore production. Copper contributed over half of BHP's annual EBITDA for the first time, while Western Australia Iron Ore delivered record production. The company is targeting an Operational Excellence Index score of 65.
Ethereum vs. Cardano: UTXO Review Sparks Controversy Between Blockchains
Ethereum co-founder Vitalik Buterin has mentioned Bitcoin's credit in his review of Ethereum's UTXO system, causing controversy. Cardano founder Charles Hoskinson reacted with laughter and a GIF, suggesting he is uncomfortable with the comparison. The dispute centers around next-generation scaling architecture and which blockchain model is superior.
NASA's New Flying Lab Takes Shape with Fresh Paint Job
NASA's new Boeing B777-200ER flying laboratory has received its final touches before entering service next year. The plane features a fresh coat of paint and has undergone extensive upgrades to support high-altitude scientific investigations.
Boeing CDRs Trade on Gettex with No Activity
The Boeing Company's Canadian Depositary Receipts (BCO0) were listed on the Gettex exchange but showed no trades during market hours. The financials section of the page remains empty, indicating a lack of publicly available data.