FlipLegend 🍉

🌕 Wells Fargo has revised its gold price forecast for the end of 2026, lowering it to $4,900-$5,000 from a previous range of $5,400-$5,600. Despite the adjustment, the institution maintains a bullish long-term outlook on the precious metal.

🗞️ Hedge funds and managers have increased short positions in Nasdaq 100 futures to a record high.

🇺🇸 Evercore suggests that the S&P 500 could potentially rise to 9,000 within the next 12 months.

📉 Kazakhstan's production of oil and gas condensate decreased by 8.8% year-on-year from January to July, according to the statistics bureau.

🔍🛢️🇷🇺 Western sanctions and attacks on oil infrastructure are expected to cause Russia to reduce oil production to 8.60 million barrels per day in 2027, down from an anticipated 8.95 million barrels per day at the end of 2026, according to Rystad Energy's forecast.

🔺 Tehran has set a deadline of several weeks for the full implementation of the memorandum of understanding by the United States. Otherwise, Tehran is ready to escalate the conflict if the U.S. does not meet the deal's conditions in the coming weeks, reports RTRS.

⚠️🇮🇷 The IRGC has denied Trump's claims of supporting unofficial contacts with the U.S. An IRGC spokesperson, speaking to Tasnim agency, stated that Trump's assertion about unofficial talks with the IRGC is a misconception born out of defeat.

🇷🇺 The share of non-resident investments in Russian sovereign eurobonds rose to 32.1% in the second quarter of 2026, reports the Central Bank.

🇨🇳 Chinese humanoid robot manufacturer Robotera is preparing for an IPO in Hong Kong. The company expects the offering to raise between $800 million and $1 billion, according to BBG.

🇷🇺 Kanye West is scheduled to perform in St. Petersburg on October 10 and 11, with a possible follow-up concert in Moscow.

🇷🇺 On August 18, OZON will conduct a Board of Directors meeting to discuss financing tools.

📰 Harmony plans to roll back 109,000 transactions following a hack. Last week, it was reported that Harmony was compromised, with attackers minting 4 billion ONE tokens, around 26% of the total supply.

✴️🇺🇸 BitMine, led by Tom Lee of Fundstrat, added 9,926 ETH to its holdings last week. The company now possesses over 5.82 million ETH, accounting for approximately 4.8% of the total supply.

📰 Russia achieved a reduction in discounts on its oil in August, with Russian oil prices rising across all bases, according to Argus.

📊 Canada's consumer inflation for July shows a monthly rise of 0.5%, exceeding expectations of 0.4% and reversing from June's -0.4%. Annually, inflation stood at 3%, higher than the anticipated 2.9% and previous 2.8%. The core CPI increased by 2.3%, improving from the prior 2.1%.

🔥🇮🇷 In a significant geopolitical shift, a high-ranking Iranian official revealed to Reuters that Iran is changing its policy from defensive to "fully offensive." All Iranian structures are prepared for escalation in the Strait of Hormuz and the region if diplomacy fails. Iran will not wait for the US to continue the maritime blockade indefinitely.

⚠️ Ahead: Canada - Consumer Inflation CPI (July) - 15:30 MSK.

🇷🇺 Russia's Federal Antimonopoly Service has sent inquiries to manufacturers to assess the economic justification for pricing and reasons for the rise in prices of rebar. More details can be found here.

⚠️ NATO has developed a detailed plan called the "Nato Land Warfighting Concept" for potential conflict with Russia, according to Bild. Led by U.S. Major Andrew Pingree, the initial phase targets Russian air capabilities and infrastructure in Kaliningrad. An "autonomous zone" along Belarus and Russian borders will feature drones. The subsequent phase includes strikes on military sites in Russia, targeting airfields, defense plants, bridges, and rail stations.

✴️ Tether, known for its stablecoin, is planning to develop artificial intelligence (AI) applications, according to its CEO.