US And Iran Fail To Finalize MOU As Mistrust Lingers, Iranian State Media Reports

This is a novel form of propaganda.

Iran's Foreign Ministry says no deal is imminent despite a framework existing. US-Iran agreement by June 7 sits at 57.5% YES, down from 86%. The post Iran’s Foreign Ministry says framework reached with US but no deal imminent appeared first on Crypto Briefing.

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, OFAC sanctions Sinaloa Cartel’s crypto laundering group, the Venezuelan government shuts down a 4,000 ASIC mining farm, and Brazil’s Bradesco enters the crypto custody business. US Sanctions Sinaloa Cartel Network for Laundering Drug […]

A short but busy week lies ahead on the US economic calendar, with more inflation reports due while markets digest the latest from the Middle East.

The post AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA appeared on BitcoinEthereumNews.com. The AUD/JPY cross gains ground to around 113.80 during the early European trading hours on Monday. Hopes of a deal to reopen the Strait of Hormuz buoyed risk appetite, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY).  The United States (US) and Iran signaled progress in efforts to resolve the conflict, but key details of a framework agreement are still under negotiation, and a US official said it could take a few more days to finalize. However, US President Donald Trump stated that a deal is close, but the US blockade on Iranian ships in the Strait of Hormuz would “remain in full force” until an agreement was signed.  On the other hand, markets slash the chance of more interest rate hikes from the Reserve Bank of Australia (RBA) after a surprise rise in the jobless rate. This, in turn, might cap the upside for the Aussie. Unemployment Rate i

The post Gold sticks to gains as Iran talks weigh on USD, upside seems limited appeared on BitcoinEthereumNews.com. Gold (XAU/USD) builds on its modest bullish opening gap and climbs to a four-day high, around the $4,580 region, during the Asian session on Monday. Developments over the weekend spurred hopes for a potential US-Iran peace deal, which undermines the US Dollar’s (USD) reserve currency status and provides a goodish lift to the commodity. The US and Iran, however, remain at odds over key issues. This, along with hawkish US Federal Reserve (Fed) expectations, helps limit the USD losses and keeps  the non-yielding yellow metal capped below the top boundary of a range held over the past week or so. Axios reported late Saturday, citing a US official, that the US and Iran are close to signing an agreement that involves a 60-day ceasefire extension during which the Strait of Hormuz would be reopened. Adding to this, US President Donald Trump said that the framework for a peace dea

The post White House Adviser Hassett says ending Iran war may create room for Fed rate cut appeared on BitcoinEthereumNews.com. US President Donald Trump’s chief economic adviser at the White House, Kevin Hassett, said on Monday that he is confident that an eventual drop in oil prices will create space for the US Federal Reserve (Fed) to cut the interest rates. Hassett stated that the White House expects energy prices to drop once there’s a deal with Iran, adding that negotiations with Tehran “are proceeding in an orderly and constructive manner.” “Again, we expect energy prices, as soon as there’s a deal, to plummet,” said Hasset “And when that happens, then there will be a lot of room for the Fed to do the right thing at lower rates,” he added. Market reaction   At the time of writing, the US Dollar Index (DXY) is trading 0.30% lower on the day at 99.05. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a signi