Euro bears return as surging oil prices test currency rebound

The post ECB’s Escrivá: Central bank to keep all options on a meeting-by-meeting basis appeared on BitcoinEthereumNews.com. European Central Bank (ECB) policymaker and Governor of the Bank of Spain, José Luis Escrivá, said on Wednesday that the central bank “will keep all options on the table and decide on a meeting-by-meeting basis.” Additional quotes If the recent decline in oil prices were to persist, the factors that had concerned policymakers would gradually ease. The rise in oil prices over recent months had started to be transmitted to other prices in the economy. Monetary policy would normally look through one-off energy price shocks, but we started to see indirect effects over recent months with rising services inflation, transport costs and food prices. We had to react by raising interest rates. The ECB should remain agile given the uncertainty. Market reaction As of writing, EUR/USD is defending 1.1400 following these comments, modestly flat on the day. Escrivá flags energy-

The post Swedish Krona: Weakens against Euro – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Kenneth Broux highlights EUR/SEK reclaiming its 200-day moving average and breaking above a base, signalling a short-term uptrend towards 11.11. The analysis points to first support at 11.00 and suggests that defending this level could extend gains, with next objectives at the upper boundary of a longer-term descending channel around 11.30/11.33. EUR/SEK uptrend with channel objectives “EUR/SEK reclaimed the 200-DMA last month; this MA had acted as a crucial hurdle in previous rebound attempts.” “The pair recently broke out above the upper limit of a base denoting onset of a short-term uptrend and marched towards 11.11.” “The upper part of the base at 11.00 could be the first support. Defence of this may lead to a continuation of the up move. “ “Beyond 11.11, the next objectives could be located at the upper boundary of the descending channel drawn since 2023 at 11.30

Spain's reaffirmation of US ties may bolster energy market stability, yet geopolitical shifts could still unpredictably affect oil prices. The post Spain reaffirms strong US ties amid Trump’s Iran deal, oil prices drop appeared first on Crypto Briefing.

The post Euro rises against Japanese Yen as latter underperforms across the board appeared on BitcoinEthereumNews.com. The Euro (EUR) trades 0.1% higher to near 185.20 against the Japanese Yen (JPY) during the European trading session on Wednesday. The cross gains as the Japanese Yen (JPY) underperforms its peers despite clarification from Japan’s Growth Strategy Minister Minoru Kiuichi that the government is not prompting a low-interest rate environment. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.09% -0.04% 0.05% -0.15% -0.13% -0.62% -0.15% EUR 0.09% 0.05% 0.15% -0.06% -0.04% -0.53% -0.06% GBP 0.04% -0.05% 0.09% -0.12% -0.10% -0.55% -0.13% JPY -0.05% -0.15% -0.09% -0.21% -0.17% -0.68% -0.22% CAD 0.15% 0.06% 0.12% 0.21% 0.03% -0.47% -0.01% AUD 0.13% 0.04% 0.10% 0.17% -0.03% -0.48% -0.05% NZD 0.62% 0.53

The post LAB Price Crashes 80% in a Week: Capitulation or Market Manipulation? appeared on BitcoinEthereumNews.com. The post LAB Price Crashes 80% in a Week: Capitulation or Market Manipulation? appeared first on Coinpedia Fintech News The LAB price has witnessed one of the steepest declines in the crypto market this week, shedding more than 80% of its value after a spectacular rally just days earlier. The sharp reversal has caught traders off guard, triggering widespread speculation over whether the collapse marks a classic capitulation event or the result of deeper … Source: https://coinpedia.org/price-analysis/lab-price-crashes-80-in-a-week-capitulation-or-market-manipulation/

Rising oil prices due to Middle East tensions may lead to inflationary pressures, impacting global economic stability and market strategies. The post Gulf markets fall as Middle East tensions disrupt oil supply appeared first on Crypto Briefing.

The post Euro: Range trade around key supports against US Dollar – UOB appeared on BitcoinEthereumNews.com. United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD’s failure to extend its recent advance, with momentum fading after a retreat from recent highs. The pair is now seen oscillating between 1.1360 and 1.1450 in coming weeks, while intraday price action may test 1.1390 without threatening the more important 1.1360 support unless the 1.1430 resistance breaks. Momentum fades into sideways pattern “24-HOUR VIEW: Two days ago, EUR traded within a range of 1.1408/1.1444 and closed largely unchanged at 1.1440 (+0.04%). Yesterday, we stated that we “continue to expect range-trading, but the firmer underlying tone suggests EUR is likely to trade in a higher range of 1.1425/1.1470.” Our assessments turned out to be incorrect, as EUR fell to a low of 1.1407. Despite the relatively sharp decline, downward momentum has not increased much. However, there is scope for EUR to dip below

The post Euro gains as US Dollar moves sideways amid market caution appeared on BitcoinEthereumNews.com. EUR/USD maintains its position after registering modest losses in the previous day, trading around 1.1410 during the Asian hours on Wednesday. Traders’ attention is focused on Wednesday’s release of the US Federal Reserve (Fed) Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates. The EUR/USD holds minor gains as the US Dollar (USD) inches lower after experiencing volatility. The Greenback may regain its ground amid rising safe-haven demand and renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressur