Oil: Gradual downside with security premium – OCBC

Rising oil prices signal increased geopolitical instability, potentially affecting global markets and energy security amid U.S.-Iran tensions. The post Oil prices jump 5% as Trump declares Iran ceasefire over appeared first on Crypto Briefing.

The post Gold: Rallies face headwinds from Oil and rates – OCBC appeared on BitcoinEthereumNews.com. OCBC Bank’s Sim Moh Siong and Christopher Wong explain that the precious-metals complex has come under renewed pressure following the recent spike in Oil prices. Gold is down nearly 2% and Silver more than 4% week-to-date, as geopolitics work mainly through the Oil, inflation and rates channel. Near term, rallies in Gold and Silver may struggle unless Oil stabilises or Federal Reserve/rates concerns ease. Non-yielding metals pressured by macro “The precious-metals complex has come under renewed pressure, following the recent spike in oil prices.” “While geopolitics would normally offer some support for gold, the latest move has worked more through the oil, inflation and rates channel.” “That has weighed on non-yielding assets, with gold down nearly 2% week-to-date and silver falling more than 4%.” “Silver’s underperformance is not surprising given its higher-beta profile. Near term, unl

The post US Dollar: Reserve role questioned appeared on BitcoinEthereumNews.com. Rabobank strategist Michael Every discusses contrasting views on the Dollar’s global role. Every cites Adam Tooze’s argument that the USD is now a “profit dollar” backed by rising asset prices, and counters that dismissing Dollar holdings on that basis is odd without an alternative Hamiltonian neomercantilist framework, underscoring realpolitik between financialisation and production. Debate over Dollar’s reserve status “Contrast that with the argument made by Adam Tooze in the Financial Times that the USD is no longer a global reserve FX but just a “profit dollar” backed by rising asset prices.” “There’s a vast realpolitik difference between financialisation and production but arguing one shouldn’t hold dollars because US assets appreciate is rather odd absent a counterargument for Hamiltonian neomercantilism which many, if not all, critics of the US also reject as the solution.” “See the op-ed today in t

The post Oil Soars, Bitcoin Plunges as Trump Declares Iran MoU ‘Is Over’ appeared on BitcoinEthereumNews.com. USOIL just hit a two-week peak after Trump’s latest statement. The de-escalation in the Middle East appears to be threatened severely as US President Donald Trump just said the memorandum of understanding (MoU) with Iran ‘is over.’ Most assets opened for trading now reacted with immediate volatility: oil prices rocketed, while BTC dipped below $62,000. The report from CNN cited Trump, who said he believes the MoU with Iran is over after both parties failed to reach a permanent deal and resumed the airstrikes against each other across the region. Recall that the Islamic Revolutionary Guard Corps said it responded to a wave of US attacks by launching its own against American military targets in Bahrain and Kuwait. It added that its military has targeted an air base in Bahrain hosting US forces. The United States began its assault earlier and reimposed sanctions on Iranian oil s

USOIL just hit a two-week peak after Trump's latest statement.

The post Japanese Yen: Weak tone within defined trading band against US Dollar – UOB appeared on BitcoinEthereumNews.com. United Overseas Bank’s (UOB) Quek Ser Leang highlights that USD/JPY is trading firmly after a sharp rise, with intraday bias tilted higher toward 162.70 while major resistance at 163.00 is expected to hold. On a 1–3 week horizon, the bank sees a mixed outlook with the pair likely confined between 160.60 and 163.00, though the medium-term trend can extend if above 161.00. USD/JPY upside bias capped below 163.00 “24-HOUR VIEW: Two days ago, USD soared to a high of 162.42. Yesterday, we highlighted the following: “The rapid rise appears excessive, and the pullback from overbought conditions suggests limited further upside for USD. Today, USD could trade in a range between 161.50 and 162.45.” USD then traded within a narrower range than expected (161.66/162.18) before closing marginally higher by 0.01% at 162.09. USD traded on a firm note in the early Asian trade today,

The post WTI slips below $72.00 despite renewing supply concerns appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) oil price inches lower after paring daily gains, trading around $71.70 per barrel during the European hours on Wednesday. However, crude oil prices may rise amid renewed Strait of Hormuz tensions following US airstrikes against Iran, which came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Iran’s foreign ministry has condemned what it calls a “blatant violation” of its agreement with the US. Tehran accused Washington of breaking arrangements in the Strait of Hormuz, while also denouncing ongoing Israeli strikes in Lebanon. Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressure. Meanwhile, the country’s top joint military command denounced the attacks on southe

The post US attacks on Iran: Why did the US Dollar fail to rally this time? appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY) pulls back to levels a few pips shy of 101.00 during Wednesday’s European session, after being rejected at the 101.20 area earlier in the day, and has turned negative on daily charts. The Index rose amid the fresh hostilities in Iran but has remained within previous ranges as investors remain hopeful that the peace process will survive. The US military announced earlier on Wednesday the completion of the latest round of attacks on Iran, hitting more than 80 targets, in retaliation for alleged attacks by Iranian forces on commercial vessels crossing the Strairtt of Hormuz earlier this week. The US has also rescinded the authorization to export Iranian Oil. The Iranian Islamic Revolutionary Guard Corps (IRGC) said that they targeted 85 US military targets in Kuwait and Bahrain. The Bahrainian Interior Ministry confirmed sirens sounding in the country,