Canadian Dollar: Consolidation with stretched USD positioning – Scotiabank

The post British Pound slips as Hormuz attacks revive USD demand appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) retreats against the US Dollar (USD) on Tuesday as tensions in the Middle East rise, following reports of attacks on two ships in the Strait of Hormuz. The GBP/USD pair trades at 1.3373, down 0.11%. GBP/USD falls as Oil spike lifts Fed hike worries The Greenback remains steady after the Islamic Revolutionary Guard Corps (IRGC) attacked ships that attempted to pass through the Omani route, ignoring the IRGC’s repeated warnings. These developments underpinned Oil prices and consequently the US Dollar, as high energy prices could force the US Federal Reserve (Fed) to raise interest rates. The US Dollar Index (DXY), which measures the buck’s performance against six currencies, is up 0.05% at 100.93. Data from the US showed that the trade deficit widened in May, driven by a jump in imports and a decline in exports. The Goods and Services Trade Balance deficit came a

The post Euro: Upside bias against US Dollar as ECB repriced – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the US Dollar (USD) but supported by a sharp recovery in yield spreads and stronger German industrial production. Renewed hawkishness from European Central Bank (ECB) policymakers is lifting Euro area rate expectations. They see near-term upside for EUR/USD, with technicals pointing to a drift toward 1.15 within a 1.1400–1.1500 range and limited resistance before 1.1580. Hawkish ECB supports Euro “Bearish/neutral – the recovery in the RSI is important, reflecting a clear fade in bearish momentum and a drift back toward the neutral threshold around 50. The near-term balance of risk appears to favor gains and a drift toward 1.15 and we note the absence of any material resistance ahead of 1.1580. The medium-term trend is flat, and we look to a near-term range bound between 1.1400

The post Japanese Yen: Near historic lows against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret highlight the Japanese Yen (JPY) as the best-performing G10 currency on the day, though gains versus the US Dollar (USD) are marginal. Wage data disappointed but remains historically elevated, while USD/JPY trades just below its highest level since 1986 around 162.80. The RSI has eased from overbought territory but stays firmly bullish near 60, underscoring still-strong upside momentum. Yen stabilizes but trend still strong “The yen is outperforming all of the G10 currencies into Tuesday’s NA session, despite its marginal 0.1% gain vs. the USD.” “The stabilization is welcome following Monday’s decline that had had almost fully retraced last week’s (allegedly intervention-driven) rally.” “Labor cash earnings (wage) data released overnight disappointed relative to expectations while remaining elevated at the upper end of their

The post Canadian Dollar steady as trade surplus, Fed outlook cap USD/CAD appeared on BitcoinEthereumNews.com. USD/CAD trades around 1.4205 on Tuesday at the time of writing, virtually unchanged on the day, as investors balance encouraging Canadian economic data against a US Dollar (USD) that remains supported by monetary policy expectations and ongoing geopolitical tensions. Canada released stronger-than-expected trade figures. Merchandise exports rose 0.9% in May, while imports edged down 0.2%, allowing the trade surplus to widen to CAD$4.24B from an upwardly revised CAD$3.41B in April. This marks Canada’s third consecutive monthly trade surplus. Meanwhile, the Ivey Purchasing Managers Index (PMI) eased to 59.7 from 61.3 but remained firmly in expansion territory, signalling that economic activity continues to grow. Despite the upbeat domestic data, the Canadian Dollar (CAD) struggles to gain traction, although higher Oil prices are providing some support. West Texas Intermediate (WT

The post British Pound: Capped by layered resistance against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly softer against the US Dollar (USD) after encountering resistance near 1.3400, with limited fresh data and Bank of England (BoE) news. The RSI recovery suggests improving momentum, but multiple resistance levels between 1.3420 and 1.3520 constrain upside. They look for GBP/USD to trade in a 1.3350–1.3450 range in the near term. Momentum improves but upside capped “The pound is soft and also entering Tuesday’s NA session with a fractional 0.1% decline vs. the USD after finding some near-term resistance around 1.3400.” “Fundamental releases have been limited and developments out of the BoE have been limited to media reports of a proposed easing in bank capital rules. Political developments have been limited with markets waiting for fresh news on the looming leadership transiti

The post WEMIX Solidifies Global Reach with Listing on Kraken appeared on BitcoinEthereumNews.com. WEMIX, the Layer-1 blockchain ecosystem developed by gaming brand WEMADE, today announced that its native coin (WEMIX) has been officially listed on Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency exchanges. Trading is scheduled to commence on 7 July 2026, allowing Kraken’s global user base to deposit, withdraw, and trade WEMIX against the USD. Listing on Kraken represents a pivotal shift in liquidity and market exposure for WEMIX. While WEMIX has historically maintained an entrenched position within South Korea, South America, and regional Asian markets, this integration into Kraken vastly expands its global reach. It opens access for Western institutional and retail investors across regions including the U.S., Canada, the U.K., and Australia, which will serve as a base for international users interacting with WEMIX’s extensive digital economy. Shane Ki

The post 3,999,999,999 DOGE Moved to Binance in One of 2026’s Biggest Transfers appeared on BitcoinEthereumNews.com. In recent hours, nearly 4 billion Dogecoin has been moved in one of the biggest transfers so far in 2026. The massive Dogecoin figure was moved from major cryptocurrency exchange Binance to an unknown whale wallet at a fee of 1.5331 DOGE. “3,999,999,999 DOGE (299,505,966 USD) transferred from Binance to unknown wallet,” Whale Alert reported. The massive transfer follows a surge of network activity on the Dogecoin network. On July 5, Ali, a crypto analyst, reported a surge in Dogecoin network activity, with active addresses reaching nearly 50,000. It also comes as Dogecoin approaches a crucial support area that was instrumental to its strongest rallies in years. You Might Also Like Ali, in a previous tweet, pointed to $0.06 as the most important support level for Dogecoin. The analyst noted that this multi-year accumulation zone has historically marked the beginning of so

Binance has added spot trading for Strategy’s STRC perpetual preferred stock after the Bitcoin treasury firm sold 3,588 BTC for $216 million and increased its USD reserves to $2.55 billion. According to an official announcement published on July 6, Binance…