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The post Euro rises against Canadian Dollar due to lower oil prices, risk-on mood appeared on BitcoinEthereumNews.com. EUR/CAD extends its winning streak for the fourth consecutive day, trading around 1.6080 during the European hours on Monday. The currency cross is gaining ground as the commodity-linked Canadian Dollar (CAD) struggles due to lower oil prices, a direct result of Canada’s status as the largest crude exporter to the United States (US). Crude oil prices have dropped as supply fears ease, driven by rising optimism over a potential US-Iran agreement. Reports indicate that the United States and Iran are close to signing a deal involving a 60-day ceasefire extension. Under this proposed agreement, the Strait of Hormuz would be reopened, and Iran would clear mines it deployed in the waterway to allow ships to pass freely. In exchange, the United States would lift its current blockade on Iranian ports. Meanwhile, traders are awaiting speeches from European Central Bank (ECB) po
Read full articleRising long-term unemployment in Canada signals potential future productivity challenges and pressures on consumer-driven economic sectors. The post Bank of Canada reports highest long-term unemployment since early 2000s appeared first on Crypto Briefing.
Robinhood's acquisition of WonderFi could significantly enhance its crypto market presence in Canada, leveraging established regulatory frameworks. The post Robinhood gets Canadian regulator nod for WonderFi acquisition appeared first on Crypto Briefing.
At a record $322 billion, the total market value of stablecoins is more than the foreign currency reserves of 95 nations, including a number of developed nations. Their current market capitalization exceeds that of developed economies like the UK, Canada, and the oil-exporting behemoth UAE, as well as emerging markets like Mexico,
The post USD/CAD Forecast: Holding near 1.3800 as strong supply zone caps gains appeared on BitcoinEthereumNews.com. The USD/CAD pair extends its sideways consolidative price move for the second straight day on Tuesday and holds steady near the 1.3800 mark through the first half of the European session. Mixed signals over a potential US-Iran peace deal revive demand for the safe-haven US Dollar (USD), acting as a tailwind for the currency pair. However, a goodish recovery in Crude Oil prices underpin the commodity-linked Loonie and cap spot prices. From a technical perspective, the USD/CAD pair hovers just below the 1.3810-1.3815 confluence – comprising the 50% Fibonacci retracement level of the November 2025-January 2026 downfall and the 200-day Simple Moving Average (SMA). This tight overhead resistance suggests upside attempts remain vulnerable while those levels cap on a closing basis, despite improving momentum indicators. In fact, the Relative Strength Index sits around 63, and t
The post Euro struggles against Canadian Dollar as oil prices rebound appeared on BitcoinEthereumNews.com. EUR/CAD depreciates after four days of losses, trading around 1.6060 during the European hours on Tuesday. The currency cross loses ground as the commodity-linked Canadian Dollar (CAD) remains firm amid higher crude oil prices. It is important to note that Canada is one of the world’s largest producers and exporters of crude oil, with its energy sector making up a massive portion of its economy. West Texas Intermediate (WTI) oil price gains ground after four days of losses, trading around $92.50 per barrel at the time of writing. Crude oil prices advance on renewed supply concerns after the United States (US) forces conducted self-defense strikes in southern Iran on Monday. A US Central Command spokesperson said that the strikes targeted missile launch sites and Iranian vessels attempting to deploy mines. While the US military emphasized its commitment to protecting its forces and
Iraq's output collapsed to 1.39M bpd amid US-Iran conflict, down from 4.1M bpd. Crude oil all-time high by Sept 30 at 26.5% YES. The post Iraq oil output collapses to 1.39M bpd amid US-Iran conflict appeared first on Crypto Briefing.
A blockchain based storytelling project begins its first public rollout across the United States Wadoozie, an Ethereum based project combining narrative worldbuilding with blockchain infrastructure, will begin its first public activation phase on May 27, 2026. Centred around a concept called “The Drift,” Wadoozie explores the fragmentation of online communities and digital culture through a […]
Insider Brief GE Vernova announced an agreement to aquire Canadian robotics and automation integrator Robotech Automation. The energy technology company did not disclose the financial details of the deal, but said the acquisition will expand its robotics capabilities and automation efforts across its manufacturing and supply chain operations. GE Vernova said the transaction is expected […]
