Silver Price Forecast: XAG extends lower low sequence, eyes on $55

The post EUR/USD Price Forecast: Bears retain control within descending channel appeared on BitcoinEthereumNews.com. EUR/USD holds firm on Wednesday after reversing earlier losses triggered by renewed tensions between the United States (US) and Iran, while traders digest the June Federal Open Market Committee (FOMC) meeting minutes. At the time of writing, the pair is trading around 1.1427 after hitting an intraday low of 1.1391. The US Dollar (USD) saw little immediate reaction to the minutes, suggesting much of the Federal Reserve’s (Fed) message was already reflected in market pricing. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.97, easing from an intraday high of 101.27. Officials remained cautious about inflation, which remains well above the central bank’s 2% target, while describing labor market conditions as balanced. Policymakers also signaled that the future path of interest rates will depend on

The post Gold slips as Trump’s Iran warning lifts US Dollar appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price dives over 1.30% on Wednesday as tensions in the Middle East bolstered the Greenback after US President Donald Trump said that the agreement to end the war with Iran was “over.” At the time of writing, XAU/USD trades at $4,059 after hitting a four-day low of $4,021. XAU/USD falls as Oil spike revives Fed tightening risks The yellow metal is feeling the strength of the US Dollar (USD) and also of rising US Treasury yields. US President Trump’s doubts about making a deal with Iran increased the chances of a resumption of attacks, exerting pressure on Oil prices. Western Texas Intermediate (WTI), the US crude Oil benchmark, gains over 3%, with the barrel quoting at $74.50 at the time of writing. This boosted the Greenback as high energy prices pose the risk of high inflation, fueling bets for higher interest rates. The US Dollar Index (DXY), which tracks the buck’s perform

This decision may strain U.S.-Iran relations, complicating future negotiations and peace talks, while impacting regional stability and diplomacy. The post Iraq agrees to halt US dollar flows to Iran-backed militias: WSJ appeared first on Crypto Briefing.

The post Japanese Yen falls near multi-decade lows appeared on BitcoinEthereumNews.com. USD/JPY trades higher near 162.50 on Wednesday, after nearing a four-decade high earlier in the day, as the US Dollar (USD) remains supported by geopolitical risk and caution ahead of the Federal Open Market Committee (FOMC) Minutes. The Japanese Yen (JPY) remains under pressure near multi-decade lows, keeping traders alert to possible intervention from Japanese authorities. Support for the Greenback increased after United States (US) President Donald Trump announced that the interim memorandum of understanding with Iran was “over,” indicating his unwillingness to engage with Tehran. This statement boosted safe-haven demand for the USD and caused a rise in oil prices, which heightens concerns over inflation and global risk sentiment. The focus now shifts to the FOMC Minutes from the meeting held on June 16-17, which was the first under Fed Chair Kevin Warsh. If the tone is hawkish, it could reinforc

The post US Dollar: Fed repricing after hawkish pivot – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret report that the US Dollar (USD) is trading mixed as renewed Iran tensions hit risk appetite, with stocks falling and Oil (Brent) jumping 6%. They argue markets are overreacting to June’s hawkish Federal Open Market Committee (FOMC) pivot, noting Chair Warsh’s criticism of the dots and his reluctance to front-run Federal Reserve (Fed) reform task forces, while 37 bps of tightening priced by December still looks excessive. Iran tensions and FOMC expectations “Risk appetite has slumped, with global stocks down sharply.” “The dollar picked up some support earlier in London trade following the president’s ceasefire comments, but gains are limited and the DXY is still trading at a small net loss on the day.” “Developments leave markets pondering whether this is a brief and temporary rupture in the peace process or a prelude to another s

The post Asia FX: Diverging paths under Dollar strength – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Lloyd Chan highlights that external pressures on Asia FX persist as the US Dollar and US Treasury yields stay firm, with markets fully pricing another Fed hike by October. He notes that most Asian currencies have weakened against the Dollar since the June FOMC, but domestic fundamentals and central bank actions are set to drive divergent performances across the region. Regional currencies under external pressure “Most Asian currencies have weakened against the US dollar since the 18 June FOMC meeting.” “In Indonesia, rupiah volatility has eased considerably following Bank Indonesia’s intensified support measures, including policy rate hikes and higher SRBI yields. Nonetheless, the rupiah remains sensitive to higher US yields.” “Meanwhile, the domestic macro backdrop has become somewhat less supportive. Manufacturing activity contracted in June, exports fell 5.8%yoy, the trade bala

The post Euro: Energy repricing shapes outlook against US Dollar – ABN AMRO appeared on BitcoinEthereumNews.com. ABN AMRO’s Georgette Boele notes that the Euro’s relationship with energy prices has evolved, with recent Oil and Gas gains again weighing on EUR/USD. Earlier in the US-Iran conflict, higher energy prices hurt the Euro (EUR), but later the pair became more driven by Federal Reserve (Fed) and European Central Bank (ECB) expectations. She now sees EUR/USD guided by central bank expectations, yield spreads and Eurozone energy risks. Euro sensitivity returns to energy moves “At the start of the US-Iran conflict, higher energy prices weighed on the euro against the US dollar. During the conflict, however, EUR/USD became less sensitive to energy prices and more sensitive to expectations for the Fed and the ECB.” “When a Memorandum of Understanding was announced, energy prices fell sharply, but the euro gained little against the US dollar because markets were focused on expectation

The post Australian Dollar remains pressured amid Trump comments appeared on BitcoinEthereumNews.com. AUD/USD trades under pressure near 0.6920 on Wednesday, following the US Dollar (USD) holding firm amid geopolitical risk and caution ahead of the Federal Open Market Committee (FOMC) Minutes. The Australian Dollar (AUD) struggled to gain traction as investors moved toward the Greenback after United States (US) President Donald Trump said the interim memorandum of understanding with Iran was “over,” adding that he did not want to engage with Tehran. Trump also added to broader uncertainty after saying he had ordered Treasury Secretary Scott Bessent to cut off all trade with Spain, calling Madrid a “terrible partner” in NATO. Although the direct impact on AUD/USD is limited, the comments reinforced a risk-off tone across markets, weighing on growth-sensitive currencies such as the Aussie. On the China side, investors will keep a close eye on the upcoming Consumer Price Index (CPI) data,