Saudi Arabia and GCC condemn Iran’s attacks as oil surge rattles crypto markets

The post SK Hynix IPO Sees Oversubscription by 7x as Tech Stocks Rally Amid Geopolitical Tensions appeared on BitcoinEthereumNews.com. Key Highlights Technology stocks powered indices higher with the Nasdaq advancing 1.2%, S&P 500 up 0.8%, and Dow rising 0.4% Thursday Investor appetite for SK Hynix’s Friday Nasdaq listing reached seven times the number of shares being offered Military conflict between the U.S. and Iran intensified with American forces hitting 90 Iranian locations, prompting Iranian retaliation against allied targets Crude oil retreated Thursday, reversing part of the previous session’s advance despite Middle East hostilities PepsiCo earnings revealed weakening consumer demand as Americans tighten budgets, though overall sales exceeded analyst forecasts American equity markets posted solid advances Thursday, with technology shares leading the charge as market participants shrugged off geopolitical uncertainty and focused attention on SK Hynix’s upcoming artificial intel

Escalating US-Iran tensions could disrupt trade routes, spike oil prices, and intensify crypto market scrutiny amid heightened sanctions. The post US military strikes hit Iran’s Konarak port city as crypto markets brace for oil-driven volatility appeared first on Crypto Briefing.

The post United States Dollar Index falls as Middle East calm cools inflation fears appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.14% to 100.93 on Thursday as tensions in the Middle East ease, driving Oil prices lower and trimming Federal Reserve (Fed) hawkish bets spurred by the energy shock. DXY slips as Hormuz calm drags Oil, Fed bets lower Geopolitics grabbed the attention after the US and Iran exchanged attacks during the last two days. The US President Donald Trump is growing impatient about the outcome of the negotiations with Iran, adding that the agreement was “over.” The US military attacked 90 military positions near the Strait of Hormuz on Wednesday, intending to weaken Iran’s ability to attack vessels transiting through the strait. Meanwhile, Iran targeted US bases in Bahrain, Kuwait and Qatar. The US Central Command (CENTCOM) announced the completion of the task, which weighed on

The post Dow Jones rebounds on a phone call and borrowed semiconductor strength appeared on BitcoinEthereumNews.com. The Dow Jones Industrial Average (DJIA) trades near 52,484 on Thursday, higher by roughly 0.28% and recovering only a modest slice of Wednesday’s rout of more than one percent, after President Donald Trump said Iran had called to make a deal. The bounce is real; the conviction underneath it is rented. The index sits some 470 points below Wednesday’s early peak and roughly 850 beneath the record printed at the start of the week, and buyers have needed two sessions of dip defence just to stabilize the tape, with the afternoon push only now grinding back toward the top of the two-day range. A ceasefire that only exists between airstrikes The United States launched a second consecutive day of strikes on Iran, according to Central Command, after Tehran attacked commercial shipping in and around the Strait of Hormuz and slowed traffic through the waterway to a crawl. President

The post South Korean Won: Oil-linked range view into BoK meeting – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Charlie Lay argues that elevated South Korean inflation strengthens the case for a 25bp Bank of Korea (BoK) hike to 2.75% on 16 July. USD/KRW has fallen from 1560 to 1506 on earlier Oil weakness, but the bank now expects the pair to trade in a 1500–1520 range, with Oil prices and global risk sentiment remaining key drivers. Won pressured by inflation and Oil “South Korea’s inflation remained elevated in June, reinforcing the view that the Bank of Korea (BoK) is on course to hike rates next week. Headline CPI inflation was slightly higher at 3.2% yoy from 3.1% in May, marking the highest reading since December 2023. It remained well above BoK’s 2% target.” “Other factors expected to keep inflationary pressures firm include the weak won and robust wage growth linked to the AI-driven semiconductor boom.” “The latest inflation report strengthens the case for Bo

The post Australian Dollar rises as US Dollar softens, tensions in focus appeared on BitcoinEthereumNews.com. AUD/USD trades around 0.6940 on Thursday at the time of writing, up 0.16% on the day, as the weaker US Dollar (USD) supports the pair despite persistent tensions in the Middle East. Investors continue to view the latest exchange of attacks between the United States (US) and Iran as an attempt by both sides to strengthen their negotiating positions ahead of a potential return to peace talks, limiting demand for safe-haven assets for now. The US Dollar remains under pressure on Thursday, with the US Dollar Index (DXY) down 0.11% near 100.95 at the time of press. The Greenback struggles to benefit from stronger-than-expected US economic data, as the US Department of Labor reported that Initial Jobless Claims fell to 215K in the week ending July 4, down from 217K previously, while Continuing Jobless Claims edged up slightly to 1.814M. The US Dollar also remains weighed down by the

The post European Central Bank: September hike prospects stay firm – Nordea appeared on BitcoinEthereumNews.com. Nordea’s Jan von Gerich argues that the European Central Bank (ECB) is likely to continue tightening policy, with the outlook heavily dependent on Middle East developments and energy prices. He notes that a July move is now unlikely after lower inflation and falling Oil, but sees a September rate hike as probable, in line with current market pricing. ECB path tied to energy risks “The ECB outlook still hinges to a large extent on the developments in the Middle East and in energy prices.” “While a July hike is likely to be off the table without a significant jump in energy prices, a September rate move looks much more likely.” “However, the account supported the view that even a quick end to the conflict would not automatically mean that the ECB would be done hiking rates.” “The major fall seen in energy prices on the back of hopes of a peace in the Middle East and lower-than

Ambiguous terms in the US-Iran deal risk destabilizing oil markets, as Iran could exploit control over a key shipping lane, impacting global supply. The post Trump’s Iran deal faces strain over poorly worded paragraph that could reshape oil markets appeared first on Crypto Briefing.