BitcoinEthereumNews·
The post Oil: Risk premium returns on Gulf supply concerns – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Thu Lan Nguyen argues that recent US policy towards Iran has reversed market expectations of a rapid normalisation in Gulf energy supplies, challenging earlier pricing of an Oil supply glut. With the Iran deal apparently called off by President Trump, she notes that Middle East risks remain unresolved, implying a renewed risk premium and potential volatility in energy prices. US stance revives supply risk “Over the past few days we had expressed scepticism about the rapid decline in the oil price, not least because shipping traffic through the Strait of Hormuz has picked up but still remains well below pre-war levels. The market, however, appeared to look straight through this and was already pricing in supply glut on the oil market.” “It turns out that the US administration shares our sceptical assessment of the oil supply situation rather than the market’s. And
Read full articleThe collapse of US-Iran talks heightens geopolitical tensions, impacting global markets by driving oil prices up and causing crypto volatility. The post US-Iran clashes sink interim deal, send oil surging and crypto sliding appeared first on Crypto Briefing.
The strike on Iran's railway bridge could escalate geopolitical tensions, impacting global trade routes and causing market volatility. The post US strike hits Iranian railway bridge on major China-Russia trade corridor, rattling risk assets appeared first on Crypto Briefing.
The ongoing conflict highlights the potential for cryptocurrencies to serve as alternative safe-haven assets, influencing global financial dynamics. The post Executives express cautious optimism as Iran war continues, Bitcoin sends mixed signals appeared first on Crypto Briefing.
US-Iran tensions persist, but crypto markets remain stable; potential oil supply disruptions could impact global inflation and risk assets. The post US strikes hit military bunkers near Bushehr as crypto markets shrug appeared first on Crypto Briefing.
Geopolitical tensions heighten market volatility, prompting a shift to safer assets and challenging crypto's resilience amid economic uncertainty. The post US launches new strikes against Iran as ceasefire collapses, Bitcoin slides to $61K appeared first on Crypto Briefing.
The post Japanese Yen gains against US Dollar despite renewed geopolitical risks appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks between the United States (US) and Iran has de-anchored United States (US) inflation expectations again. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.15% -0.23% -0.16% 0.07% -0.15% -0.69% -0.29% EUR 0.15% -0.07% -0.04% 0.22% 0.03% -0.51% -0.13% GBP 0.23% 0.07% 0.04% 0.29% 0.10% -0.43% -0.05% JPY 0.16% 0.04% -0.04% 0.22% 0.05% -0.52% -0.12% CAD -0.07% -0.22% -0.29% -0.22% -0.19% -0.73% -0.34% AUD 0.15% -0.03% -0.10% -0.05% 0.19% -0.54% -0.15% NZD 0.69% 0.51% 0.43% 0.52% 0.73% 0.54% 0
The post Euro: Early gains against US Dollar at risk on Fed story – ING appeared on BitcoinEthereumNews.com. Chris Turner at ING highlights that EUR/USD has held up despite higher Oil, as Euro swap rates outperformed US rates on expectations of an ECB hike in September. However, he argues the Fed narrative will dominate, with EUR/USD likely to surrender gains and fall below 1.14. ECB minutes and energy prices should keep September hike expectations alive. Resilience questioned as Fed dominates “On the eurozone calendar today is the release of the ECB minutes for the 11 June meeting. We assume this will be pitched as hawkish and, combined with higher energy prices, keep expectations alive for a follow-up hike at the September meeting. That is currently priced at +22bp by money markets.” “EUR/USD has held up remarkably well given the jump in oil prices yesterday. Yield spreads did narrow in favour of the euro, where euro swap rates rose around 7-8bp more than short-dated US rates on the
The post Forex Today: Markets overlook escalating tensions in Middle East appeared on BitcoinEthereumNews.com. Here is what you need to know on Thursday, July 9: The US Dollar (USD) struggles to find demand early Thursday despite a further escalation of tensions in the Middle East. The US economic calendar will feature weekly Initial Jobless Claims and Existing Home Sales data for June. Investors will also keep a close eye on comments from central bank officials. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.14% -0.20% -0.15% 0.06% -0.09% -0.54% -0.22% EUR 0.14% -0.06% 0.00% 0.20% 0.08% -0.36% -0.06% GBP 0.20% 0.06% 0.07% 0.26% 0.14% -0.30% 0.00% JPY 0.15% 0.00% -0.07% 0.19% 0.09% -0.38% -0.06% CAD -0.06% -0.20% -0.26% -0.19% -0.12% -0.57% -0.26% AUD 0.09% -0.08% -0.14% -0.09% 0.12% -0.44% -0.12% NZD 0.54% 0.36% 0
