Euro declines as market caution lifts USD

The post Canadian Dollar weakens on risk-off mood, dovish BoC’s tone appeared on BitcoinEthereumNews.com. USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. The geopolitical landscape remains fluid as diplomatic channels between Washington and Tehran experience ongoing activity. Iranian Foreign Minister Abbas Araghchi confirmed that talks and message exchanges with the United States are currently underway. However, Araghchi maintained a cautious stance, emphasizing that it remains impossible to properly evaluate the trajectory of these negotiations until a definitive and clear outcome is officially reached. Adding momentum to these diplomatic efforts, US President Donald Trump has requested specific r

The post Markets Diverge: Nasdaq Soars to Records While Bitcoin (BTC) ETFs Bleed $2.97B appeared on BitcoinEthereumNews.com. TLDR Spot Bitcoin ETFs in the United States experienced an unprecedented 10-day withdrawal period, shedding $2.97 billion from May 15 through May 29 Bitcoin dropped 4.6% across seven trading days, settling at $73,397; major altcoins including Ethereum, Solana, and Tron similarly retreated Equity markets reached unprecedented levels fueled by Nvidia’s expansion into portable computing and SoftBank’s artificial intelligence portfolio gains Crude oil surged past $93 per barrel as diplomatic negotiations with Iran stagnated and shipping route concerns intensified Hyperliquid’s HYPE token bucked the trend with an 18.7% weekly surge, supported by its newly launched ETF’s unbroken inflow streak Digital assets faced significant headwinds throughout the previous week as spot Bitcoin exchange-traded funds in the United States logged their most extended withdrawal period ev

The post Senator Lummis Says CLARITY Act Will Decide Whether America Leads the Future of Finance appeared on BitcoinEthereumNews.com. The post Senator Lummis Says CLARITY Act Will Decide Whether America Leads the Future of Finance appeared first on Coinpedia Fintech News The race to define crypto regulation in the United States is entering a critical phase. Senator Cynthia Lummis has warned that the CLARITY Act is about more than digital assets, arguing that the legislation will determine whether America leads the next generation of global finance or falls behind competitors such as China, Singapore, and the … Source: https://coinpedia.org/news/senator-lummis-says-clarity-act-will-decide-whether-america-leads-the-future-of-finance/

The post Euro holds losses against British Pound after Germany’s Retail Sales data appeared on BitcoinEthereumNews.com. The EUR/GBP cross trades in negative territory near 0.8655 during the early European trading hours on Monday. The Euro (EUR) remains weak against the British Pound (GBP) following the upbeat German Retail Sales data. The preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone will be released on Tuesday.  Data released by Destatis on Monday showed that German Retail Sales, a key measure of consumer spending, fell 0.3% MoM in April. This figure followed a fall of 0.3% (revised from -2.0%) and came in better than the market expectation of a 0.4% decrease.  On an annualized basis, Retail Sales dropped 0.3% in April, versus the prior release of a 0.2% decline (revised from -2.0%). The German economic data fails to boost the EUR in an immediate reaction.    On the UK’s front, BoE governor Andrew Bailey said on Friday that the UK central bank

The post Euro: Moves with yields and energy prices against US Dollar – Danske Bank appeared on BitcoinEthereumNews.com. Danske Research Team notes that EUR/USD ended last week around 1.1650 after a sharp drop in Oil prices, with US and Euro area yields both moving lower. They highlight upcoming United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI), labor data and the Euro area HICP as key drivers. Euro area unemployment and PMI figures are expected to confirm a still-soft but stable recovery. Labor data and oil-driven swings “EUR/USD ended the week around 1.1650 following the big drop in oil prices. US interest rates fell back last week with the 10Y Treasury yield falling to 4.43% down more than 20bp from the top in mid-May. The impact on EUR/USD FX swaps was limited as interest rates in the euro area also fell.” “In the euro area, May flash inflation data from Germany, France, Italy and Spain (around 75% of the aggregate print) showed headline inflation rising mainly o

Europe's reliance on dollar-pegged stablecoins could undermine its economic sovereignty, necessitating a robust euro-denominated alternative. The post Animoca Brands’ Yat Siu warns Europe about dollar dominance through stablecoins appeared first on Crypto Briefing.

The post WTI US Oil Price Forecast: Rises to near $88.50 as Kuwait under attack, uptrend remains intact appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.45 during the early European trading hours on Monday. WTI price attracts some buyers following the Kuwaiti military reports of a missile and drone attack. Traders will closely monitor the Middle East developments and the US-Iran peace deal progress.  The Guardian reported on Monday that Kuwait’s armed forces said that the country’s air defense systems were intercepting hostile missiles and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide. Minutes after Kuwait reported coming under attack, US Central Command (Centcom) said it had conducted “strikes on Iranian radar and command and control sites for drones” over the weekend. Meanwhile, Iran’s Islamic Revolutionary Guards Corps (IRGC) said that it targeted an airbase used by the US

The post Pound Sterling Price News & Forecast: GBP/USD lacks any firm intraday directional bias appeared on BitcoinEthereumNews.com. GBP/USD Price Forecast: Consolidates around mid-1.3400s amid firm USD, cautious setup The GBP/USD pair struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and oscillates in a narrow range around mid-1.3400s at the start of a new week. The US Dollar (USD) regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve (Fed) bets. This, in turn, is seen as a key factor acting as a headwind for spot prices. The British Pound (GBP), on the other hand, is undermined by expectations for a delayed rate hike from the Bank of England (BoE), especially after softer inflation figures and an unexpected rise in the Unemployment Rate. Traders, however, opt to wait for this week’s important US macro releases and BoE Governor Andrew Bailey’s appearances before positi