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The post USD/CAD Price Forecast: Weakens below 1.4200 as Oil gains, but technicals still favor upside appeared on BitcoinEthereumNews.com. The USD/CAD pair loses traction to near 1.4175 during the early European trading hours on Wednesday. Renewed US military strikes against Iran have boosted crude oil prices and provide some support to the commodity-linked Canadian Dollar (CAD) strengthens against the US Dollar (USD). Reuters reported on Wednesday that the Islamic Revolutionary Guard Corps (IRGC) said they attacked US military sites in Bahrain and Kuwait after the US launched a wave of strikes against Iran in response to attacks on tankers in the Strait of Hormuz. It is worth noting that Canada is a major oil-exporting country, and high crude oil prices generally have a positive impact on the Loonie. “For now, the market is keeping to the playbook that Tehran and Washington are still in a high-stakes game to gain leverage during the temporary truce, and that Tuesday’s incident would n
Read full articleUS-Iran tensions heighten market volatility, impacting oil prices and crypto dynamics, while increasing regulatory scrutiny on global exchanges. The post US strikes on Iran rattle geopolitical landscape as Hegseth scraps Israel visit appeared first on Crypto Briefing.
Trump's claim may heighten perceptions of instability in Iran, potentially influencing international relations and market dynamics. The post Trump claims Iran killed 54,000 protesters amid ongoing unrest appeared first on Crypto Briefing.
The post Is crypto heading for another Q1-style sell-off amid macro FUD? appeared on BitcoinEthereumNews.com. Market FUD is back in focus, even though broader sentiment hasn’t fully priced it in yet. From a macro perspective, the U.S. is revoking Iran’s newly issued general license to export oil after Iran reportedly struck three commercial vessels in the Strait of Hormuz. The U.S. called Iran’s actions “wholly unacceptable” and warned it would respond with consequences. Naturally, this puts oil supply back in focus, raises the risk of higher crude prices, and adds another macro headwind for the crypto market, setting up conditions similar to the early Q1 risk-off rotation. Notably, the technicals are already hinting that this rotation may be underway. Source: TradingView (TOTAL/USDT) As the chart above shows, Brent crude has jumped 6%+ in less than 48 hours, while the crypto market has shed around $50 billion in market cap. We’ve seen this setup before. In Q1, Brent rallied 73%+ over
Oman's condemnation highlights regional instability, impacting global maritime safety and market perceptions amid escalating Iran conflict. The post Oman condemns tanker attacks in Strait of Hormuz amid Iran conflict appeared first on Crypto Briefing.
Rising oil prices signal increased geopolitical instability, potentially affecting global markets and energy security amid U.S.-Iran tensions. The post Oil prices jump 5% as Trump declares Iran ceasefire over appeared first on Crypto Briefing.
The post Gold: Rallies face headwinds from Oil and rates – OCBC appeared on BitcoinEthereumNews.com. OCBC Bank’s Sim Moh Siong and Christopher Wong explain that the precious-metals complex has come under renewed pressure following the recent spike in Oil prices. Gold is down nearly 2% and Silver more than 4% week-to-date, as geopolitics work mainly through the Oil, inflation and rates channel. Near term, rallies in Gold and Silver may struggle unless Oil stabilises or Federal Reserve/rates concerns ease. Non-yielding metals pressured by macro “The precious-metals complex has come under renewed pressure, following the recent spike in oil prices.” “While geopolitics would normally offer some support for gold, the latest move has worked more through the oil, inflation and rates channel.” “That has weighed on non-yielding assets, with gold down nearly 2% week-to-date and silver falling more than 4%.” “Silver’s underperformance is not surprising given its higher-beta profile. Near term, unl
The post US President Trump: I think MoU with Iran is over appeared on BitcoinEthereumNews.com. United States (US) President Donald Trump said during European trading hours on Wednesday that the memorandum of understanding (MoU) with Iran, aimed at ending the war in the Middle East, is over. Additional comments I don’t want to deal with Iran; they are sick people. On NATO, Trump says not happy with NATO over Greenland and Iran. Spain is a terrible partner in NATO. Tells Treasury Secretary Scott Bessent to cut off all trade with Spain. I want no business with them. Greenland is a big problem for us. We are treated unfairly in NATO, we pay disproportionately. Market Reaction Significant buying interest is seen in the US Dollar (USD) and oil prices after remarks from US President Trump. The US Dollar Index (DXY) rebounds from the day’s low of 100.95 to near 101.15. The WTI Oil price surges almost 3% to near $74.00. US Dollar FAQs The US Dollar (USD) is the official currency of the United
The post EU Foreign Affairs Chief Kallas condemns Iran’s attacks on Bahrain and Kuwait appeared on BitcoinEthereumNews.com. European Union (EU) Foreign Affairs Chief Kaja Kallas said during the European trading session on Wednesday that exchanges of fire between the United States (US) and Iran further complicate already fraught talks to end the war. Additional remarks Next Monday, EU foreign ministers will meet with Gulf counterparts to discuss how they can support implementation of the agreement and preserve freedom of navigation in the strait as well as the Red Sea. Iran’s attacks on Bahrain and Kuwait are unacceptable. Market Reaction No immediate reaction was seen in the US Dollar (USD) following remarks from EU’s Kallas. At press time, the US Dollar Index (DXY) tardes 0.15% lower at around 100.95. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period
