The post Canada International Merchandise Trade registered at $4.24B above expectations ($2.7B) in May appeared on BitcoinEthereumNews.com.
Gold stages a rebound after dropping toward $4,100 earlier Tuesday and trades above $4,150 in the American session. Crude oil prices edge higher amid renewed tensions in the Strait of Hormuz, reviving inflationary concerns. This, in turn, triggers a fresh leg up in US Treasury bond yields, offering some support to the US Dollar, and making it difficult for the yellow metal to gain traction. Source: https://www.fxstreet.com/news/canada-international-merchandise-trade-registered-at-424b-above-expectations-27b-in-may-202607071230
The post British Pound: Capped by layered resistance against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly softer against the US Dollar (USD) after encountering resistance near 1.3400, with limited fresh data and Bank of England (BoE) news. The RSI recovery suggests improving momentum, but multiple resistance levels between 1.3420 and 1.3520 constrain upside. They look for GBP/USD to trade in a 1.3350–1.3450 range in the near term. Momentum improves but upside capped “The pound is soft and also entering Tuesday’s NA session with a fractional 0.1% decline vs. the USD after finding some near-term resistance around 1.3400.” “Fundamental releases have been limited and developments out of the BoE have been limited to media reports of a proposed easing in bank capital rules. Political developments have been limited with markets waiting for fresh news on the looming leadership transiti
Iran's actions highlight geopolitical instability, impacting global energy security and potentially reshaping maritime trade with crypto payments.
The post Iran’s tanker attacks near Strait of Hormuz expose leadership dilemma and rattle energy markets appeared first on Crypto Briefing.
The post Bitcoin Retraces As Oil Tanker Attacks in Strait of Hormuz Escalate U.S.-Iran Tensions appeared on BitcoinEthereumNews.com.
Bitcoin is down today, falling below the psychological $63,000 level after a rally above $64,000 yesterday. The drop below $63,000 today follows attacks on oil tankers in the Strait of Hormuz, a development that further escalates tensions between the U.S. and Iran. Bitcoin Falls Amid Attack On Oil Tankers In Strait of Hormuz In an X post, the UK Military Center revealed an attack on an oil tanker in the Strait of Hormuz, with the tanker sustaining minor structural damage. This marked the second attack on an oil tanker in the Hormuz Strait today. The UK Military earlier reported about an oil tanker that also suffered structural damage. Meanwhile, there have now been attacks on vessels in the Strait in the last 24 hours. Bitcoin has retraced amid this development that again escalates tensions between the U.S. and Iran, with Qatar accusing Iran of being resp
The post Oil: Deficits support higher prices – TD Securities appeared on BitcoinEthereumNews.com.
TD Securities’ Ryan McKay argues that Crude Oil is far from oversupplied, with high-frequency global and Chinese balances still pointing to tightness. McKay expects ongoing market deficits, inventory drawdowns and the rebuilding of buffers to keep prices elevated, projecting a recovery toward $90/bbl and possible extension toward $100/bbl as structural tightness persists. Structural tightness and deficit outlook “Our high-frequency estimates of global and Chinese supply-demand balances, along with Middle Eastern production, continue to point to market tightness despite increased flows through the Strait of Hormuz. Ongoing market deficits, inventory drawdowns, and longer-term rebuilding of market buffers should see prices recover toward $90/bbl, with potential for a move toward $100/bbl.” “Flows through the Strait of Hormuz have increased notably since the signing of the MoU [Memorandum of
The strikes in the Strait of Hormuz highlight vulnerabilities in global energy supply chains, impacting oil prices and crypto market stability.
The post British military reports strikes on three tankers in Strait of Hormuz appeared first on Crypto Briefing.
The post Iran Reportedly Hits Ships in Strait of Hormuz: Oil Price Jumps Again appeared on BitcoinEthereumNews.com.
Oil prices climbed on Tuesday after Iran reportedly fired at least two missiles at commercial ships crossing the Strait of Hormuz, reviving fears over the world’s key oil chokepoint and the fragile truce between Washington and Tehran. The rebound landed just days after crude erased its entire war premium and sank closer to pre-war levels. Oil Rebounds Following Sharp Slide Toward Pre-War Levels West Texas Intermediate (WTI) crude rose 1.50% to $69.575 on Tuesday. Brent crude gained 1.64% to $73.169. The wider energy sector also gained. Gasoline rose 0.17%, and heating oil added 0.62%, while natural gas climbed 1.48%. Follow us on X to get the latest news as it happens Oil Prices Rise on Tuesday. Source: TradingEconomics Both oil benchmarks sit far below their wartime highs. Brent has dropped more than 22% over the past month, and WTI has fallen nearly 24% in the same spa
The proposed pipeline could reshape regional alliances, reduce reliance on the Strait of Hormuz, and influence global oil market stability.
The post Israel proposes $10B oil pipeline to bypass Strait of Hormuz appeared first on Crypto Briefing.
Central banks' shift from the US dollar signals a move towards a multipolar monetary system, with increased reliance on gold and the euro.
The post OMFIF survey shows central banks planning to cut US Dollar exposure for first time ever appeared first on Crypto Briefing.
