Wednesday 30 September 2026 07:00 UTC
The Iran war continues to drive energy price volatility, with UK energy price cap forecasts approaching £2,000 — a stagflationary signal that tightens the global risk appetite backdrop. US10Y at 5.26% remains an elevated headwind for risk assets, though DXY softness (-0.08% at 101.29) and a modest gold bid (+0.78%) suggest some safe-haven rotation rather than broad dollar strength. The key session risk is the 08:30 ET Core PCE print (forecast +0.3% vs prior +0.2%); a hot reading at the current yield level would be a direct negative for crypto, while in-line or soft would provide relief into the US afternoon. Final GDP (forecast 1.5%, unchanged from prior) is the secondary release.