Crude oil supply concerns have heated up again and caused oil prices to rebound. However, concerns on the demand side are still lingering, so it is necessary to be careful that oil prices fall from highs.

The Euro has rallied on the attitude of the ECB and its officials as well as the EU's moves to curb energy shortages. With the current situation in Europe, the euro will need the continued "cooperation" of the dollar to re-enter the upside. And August CPI could be an opportunity.

Japanese officials did verbally intervene in the depreciation of the yen as expected, and the recent expectation of aggressive interest rate hikes by the Fed has been digested. USDJPY is biased towards a further retracement in the short term.

BTC has risen close to $3600 since last week's rally. In the 4-hour time frame, there is room for a short-term pullback. In the 3-day chart, BTC is expected to finish building the bottom.

If the August inflation data is in line with market expectations, the market may hype the expectation of "peaking inflation", which may not affect the market's expectation of a 75-bps rate hike in September. However, it will affect the market's expectations for the follow-up policy path of the Fed. It is expected to have a bearish impact on the USD.

British economists raised their interest rate forecasts after Prime Minister Truss announced a huge energy bailout plan. The government's decision to freeze household gas and electricity prices will reduce headline inflation in the coming months but also stimulate the economy, as the BoE tries to contain rising domestic prices. On the other hand, Truss announced a two-year freeze on household energy costs and a favorable environment for businesses for six months. It is predicted that the British government will invest 80 billion GBP to stimulate the domestic economy, and this bill will most likely avoid a recession. For inflation, the peak is likely in October. In general, it will reduce the need for the BoE to raise interest rates ahead of schedule soon. However, since it increases the risk of economic overheating next year, it could also mean higher interest rates for longer.