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The post USD/CAD Price Forecast: Buyers retain the upper hand even as momentum weakens appeared on BitcoinEthereumNews.com. USD/CAD edges lower on Tuesday even as the US Dollar (USD) holds firm, with the Canadian Dollar (CAD) drawing support from a modest rebound in crude Oil prices following renewed attacks on commercial vessels near the Strait of Hormuz. At the time of writing, the pair is trading around 1.4188. West Texas Intermediate (WTI) crude Oil is trading around $70.30, up nearly 2.50% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is treading water near 101.00. However, diverging monetary policy expectations between the Federal Reserve (Fed) and the Bank of Canada (BoC) could limit further gains in the Canadian Dollar (CAD). Markets continue to expect the Fed to raise interest rates later this year to bring inflation back to its 2% target, even as softer-than-expected US labor market data have red
Read full articleEscalating tensions near the Strait of Hormuz could disrupt global oil supply, impacting energy prices, inflation, and crypto market dynamics. The post US strikes Iranian military sites near Strait of Hormuz after cargo ship attack appeared first on Crypto Briefing.
The escalation in the Strait of Hormuz heightens geopolitical tensions, potentially destabilizing regional security and impacting global markets. The post US Central Command strikes Iran after attacks on ships in Strait of Hormuz appeared first on Crypto Briefing.
The post Vietnam: Supportive stance as inflation risks recede – DBS appeared on BitcoinEthereumNews.com. DBS Group Research economist Chua Han Teng expects the State Bank of Vietnam to keep its refinancing rate at 4.50% through end-2026. The report highlights a broadly stable Vietnamese Dong against the US Dollar, easing headline inflation, and strong GDP growth. DBS raises its 2026 growth forecast to 8.0% as supportive monetary policy is maintained. SBV seen holding rates to 2026 “The State Bank of Vietnam (SBV) kept its refinancing rate unchanged at 4.50% in 1H26, and we expect this steady stance to extend until the end of 2026.” “Although the Vietnamese dong has been hovering on the weaker end of its trading band against the US dollar in 2Q26, it has remained broadly stable with a slight appreciation bias, despite bouts of regional FX volatility driven by Middle East tensions and hawkish re-pricing of US Fed interest rate expectations.” “At the same time, headline inflation eased an
The post Silver Price Forecast: XAG remains bearish as ‘evening star’ forms appeared on BitcoinEthereumNews.com. Silver (XAG/USD) price tumbles nearly 3% on Tuesday as market mood turns dismal due to heightened tensions in the Middle East, following Iranian attacks on two vessels in the Strait of Hormuz. At the time of writing, XAG/USD trades at $60.26, after peaking at around $62.16. XAG/USD Price Forecast: Technical outlook Silver remains downward-biased as long as it fails to clear a downward resistance trendline in the $64.00-$65.00 range, which could open the door to further upside. Nevertheless, bulls are not out of the woods, as another key resistance level remains to be cleared, with the $70.00 psychological level up next, ahead of the crucial 200-day Simple Moving Average (SMA) at $70.13. If these key levels are broken, Silver could rally towards the 50- and 100-day SMAs, each at $70.79 and at $74.64. On the flip side, it’s worth noting that an ‘evening star’ formed, which op
The post Japanese Yen stays subdued below 161.90 as Fed caution limits Dollar weakness appeared on BitcoinEthereumNews.com. USD/JPY trades slightly negative below the 161.90 area as the Japanese Yen (JPY) finds modest support, while the US Dollar (USD) remains underpinned by cautious remarks from New York Fed President John Williams and lingering inflation concerns. The latest United States (US) labor data showed that the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to a softer pace of private hiring. The figure suggests that labor market momentum is cooling, which could normally weigh on the Greenback. However, the USD avoided a deeper pullback as investors continued to price in a Federal Reserve (Fed) focused on supressing inflation. Williams said the US economy continues to expand at a steady, trend-like pace, while the labor market remains stable. However, he warned that inflation is still elevated, reinforcing the need for the Fed to keep policy restrict
The post Gold stalls below $4,200 as inflation fears rise appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price retreats by 0.44% on Tuesday as the yellow metal fails to clear $4,200 amid rising US consumer inflation expectations and threats of a resumption of hostilities in the Middle East, following reports of attacks in the Strait of Hormuz. The XAU/USD pair trades at $4,146 after peaking at $4,180. Bullion retreats as yields climb and Hormuz risks return The yellow metal seems poised to consolidate after failing to clear a downward-sloping resistance trendline near $4,200, which exacerbated XAU’s drop towards the $4,150 area. Recent data from the NY Fed showed that inflation expectations rose to their highest level since September 2023. The NY Fed Survey of Consumer Expectations indicated increasing concern among Americans about the high cost of living, with one-year inflation expectations climbing from 3.5% in May to 3.7% in June. Further data showed that the Goods and Service
The post Pound Sterling Price News and Forecast: GBP/USD slips as Hormuz attacks revive USD demand appeared on BitcoinEthereumNews.com. British Pound slips as Hormuz attacks revive USD demand The Pound Sterling (GBP) retreats against the US Dollar (USD) on Tuesday as tensions in the Middle East rise, following reports of attacks on two ships in the Strait of Hormuz. The GBP/USD pair trades at 1.3373, down 0.11%. Read More… British Pound gains as easing Fed hike bets weigh on US Dollar GBP/USD continues its winning streak for the ninth consecutive day, trading around 1.3390 during the Asian hours on Tuesday. The currency pair rises as the US Dollar (USD) faces headwinds as market participants scale back expectations for Federal Reserve (Fed) rate hikes this month and in September. This shift in sentiment followed a cooling employment report that revealed fewer jobs added across April, May, and June than Wall Street had anticipated. Read More… Pound Sterling rallies into its own coronati
The post Gold Price Outlook For July 2026 appeared on BitcoinEthereumNews.com. Gold trades near $4,140 on Tuesday, down 26% from January’s record high of $5,598 per ounce. This gold price prediction for July 2026 examines why the metal keeps falling and where it could bottom. Five fundamental forces continue to weigh on the metal. Meanwhile, the weekly and daily charts point to deeper downside targets. Why is Gold Going Down? Gold’s decline started with the Strait of Hormuz. Iran has blocked the waterway since late February, driving up energy prices worldwide. As a result, US inflation reached 4.2% in June, its highest level in three years. That inflation spike flipped the Federal Reserve narrative. Markets no longer expect rate cuts and now lean the other way. According to CME FedWatch data, traders are pricing a 47.1% chance of a 25-basis-point hike in September. Another 11.1% expect a 50-basis-point move, so tightening odds total roughly 58%. Higher rates hurt gold because the metal
