US strike on Iranian railway bridge puts global trade corridors and crypto risk sentiment in focus

The post British Pound gains traction above 1.3400 as markets bet on BoE rate hikes appeared on BitcoinEthereumNews.com. The GBP/USD pair gathers strength to around 1.3430 during the Asian trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) on the UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes. Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader. Bloomberg reported on Thursday that 322 of 403 Labour members of Parliament voted for Burnham at the end of the first day of the party’s leadership contest to replace Keir Starmer. Burnham is expected to formally become Prime Minister on July 20. Traders increased bets on BoE interest rate hikes amid escalating tensions between the US and Iran. Markets are now fully pricing in a 25 basis points (bps) BoE rate hike by year-end, most li

Record insider buying in the tech sector suggests executives anticipate future growth, potentially signaling market stabilization or acceleration. The post US technology sector ETF sees record insider buying as 28 executives purchase stock appeared first on Crypto Briefing.

Heightened cross-strait tensions could destabilize global markets, impacting technology supply chains and increasing geopolitical uncertainties. The post Taiwan’s radar system tracks PLA ballistic missile launch, raising fresh geopolitical risks for markets appeared first on Crypto Briefing.

The deployment could stabilize regional tensions, impacting global markets by reducing volatility and influencing capital flows in emerging markets. The post Trump’s plan to deploy 20,000 peacekeeping troops to Gaza could reshape Middle East risk calculus for markets appeared first on Crypto Briefing.

The post US official says it remains committed to resolution with Iran, technical discussions ongoing appeared on BitcoinEthereumNews.com. A US official signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trump’s declared earlier this week that the framework deal to end the Iran war was “over” after Tehran carried out strikes against vessels in the Strait of Hormuz and against neighboring countries, the Times of Israel reported on Thursday. “The United States is still committed to finding a resolution, and technical talks continue,” said the White House. The statement acknowledges Trump’s comments against the MOU but signals that the US is still prepared to adhere to its terms so long as Iran does the same. Market reaction At the time of writing, the West Texas Intermediate (WTI) is down 3.78% on the day at $71.75. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Interm

The post Gold recovers above $4,100 as traders assess US-Iran conflict appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East. The White House signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trump’s declared earlier this week that the framework deal to end the Iran war was “over” after Tehran carried out strikes against vessels in the Strait of Hormuz and against neighboring countries. However, uncertainty remains high as Trump said that strikes would “get much worse” if Tehran again attacked ships in the strait. On Thursday, the Islamic Republic targeted US bases in Bahrain, Kuwait and Qatar. Jordan intercepted eight Iran-launched missiles, according to Axios. Escalating tensions between the US and Iran could drive crude oil prices higher, stoking inflation fears

Rising US-Iran tensions could destabilize global markets, prompting shifts to safe assets and impacting energy prices and inflation expectations. The post Israel warns US of Iranian assassination plot against Trump, rattling crypto markets appeared first on Crypto Briefing.

The post GBP/JPY Price Forecast: Bullish amid respected higher-high structure appeared on BitcoinEthereumNews.com. The British Pound advances some 0.50% against the Japanese Yen on Thursday, as risk appetite improves after US President Donald Trump said that Iran had reached out and that it wants to make a deal badly. At the time of writing, GBP/JPY trades at 217.76, near year-to-date (YTD) highs. GBP/JPY Price Forecast: Technical outlook The GBP/JPY has reached 18-year highs, last seen in February 2008, opening the door to challenging the January 2008 monthly peak levels. Price action shows the market is respecting a series of higher highs and higher lows, an indication of further upside. Momentum favours buyers, as the Relative Strength Index (RSI) is bullish and about to enter overbought territory, indicating further upside. The first resistance for GBP/JPY is 218.00. Once cleared, it opens the door to challenge key psychological levels like 219.00, 220.00 and the January 2008 high