The post Euro: Geopolitics and ECB repricing supports EUR – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating around the low 1.14s, with mixed G10 performance as markets reassess Oil’s impact on Euro area terms of trade and the European Central Bank’s (ECB) rate path. They highlight a notable repricing of ECB tightening to about 35 bps by December, supporting EUR via yield spreads, while near-term EUR/USD is seen confined between 1.1380 and 1.1480. Oil risk and ECB repricing “The EUR is quietly consolidating in the low-1.14s and entering Wednesday’s NA session unchanged vs. the USD. The EUR is also a mid-performer among the G10, in mixed overall trade with dispersion offering a break from the broad USD-driven movement that has characterized overall performance through much of this year.” “The latest resurgence in geopolitical risk presents a clear potential headwind for the EUR as we assess the ren
The post Japanese Yen: Oil shock weighs JPY against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight renewed weakness in the Japanese Yen (JPY), which is underperforming G10 peers and threatening fresh multi-decade lows as USD/JPY trades at levels last seen in 1986. They stress that surging Oil prices are a clear downside risk via Japan’s terms of trade, while the chart offers little guidance on resistance after the recent powerful rally. Multi-decade highs and downside risks “The yen is soft, down 0.2% vs. the USD and underperforming most of the G10 currencies into Wednesday’s NA session.” “The renewed weakness is worrisome following last week’s failed recovery and the yen looks to be threatening a break to fresh multi-decade lows.” “The latest resurgence in geopolitical tensions presents a clear downside risk for the yen, as surging oil prices deliver a crushing blow to Japan’s terms of trade.” “The USD/JPY ch
The post British Pound: Recovery eyes 1.36 against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly softer but supported by a sharp repricing of Bank of England (BoE) tightening. Improving United Kingdom (UK)–United States (US) spreads and positive sentiment around the UK leadership transition underpin GBP, while technicians remain bullish, targeting an extension of gains toward 1.36 within a 1.3300–1.3400 near-term range. BoE repricing underpins Pound outlook “The pound is soft, down a fractional 0.1% vs. the USD and a mid-performer among the G10 currencies in mixed overall trade. The latest resurgence in geopolitical tensions has amplified the renewed tightening in BoE expectations that we had observed over the past week or so.” “The recovery in UK-US spreads is offering fundamental support to the GBP, and compounding the sentiment-related strength observed in response to the mar
The post Euro steadies above 1.1400 as traders assess US-Iran tensions appeared on BitcoinEthereumNews.com.
EUR/USD treads water above the 1.1400 mark on Wednesday, steadying after coming under selling pressure as traders assess renewed US-Iran tensions after both sides exchanged fire overnight following attacks on commercial ships near the Strait of Hormuz earlier this week. US President Donald Trump said the interim deal with Iran was “over,” although Reuters later reported that he did not repeat those comments during the closed NATO leaders’ meeting, citing a source familiar with the talks. Even so, risk sentiment remained fragile after Trump said the United States would “probably hit them again tonight” and added, “I don’t know if we’ll have an Iran deal.” The latest escalation has pushed Crude Oil prices higher, reviving energy-driven inflation concerns and reinforcing expectations that major central banks may need to tighten monetary policy further. According to the CME FedWatch
Market volatility underscores the fragility of geopolitical agreements, impacting global economic stability and investor confidence.
The post Oil prices surge and Bitcoin slides after Trump declares Iran ceasefire over appeared first on Crypto Briefing.
The dissolution of the US-Iran MOU heightens geopolitical tensions, impacting global markets and complicating energy and monetary policies.
The post Trump says Iran MOU ‘is over’, prompting stocks and bonds retreat as oil surges appeared first on Crypto Briefing.
The post Hormuz Tensions Jolt S&P 500 as Oil Reprices Inflation Risk appeared on BitcoinEthereumNews.com.
Oil just grabbed the steering wheel again. One weekend of headlines out of the Strait of Hormuz, and suddenly everyone who was trading chips and AI multiples is back to watching Brent ticks and gasoline spreads. This isn’t the 1970s, but energy shocks still punch through growth stocks, inflation expectations, and rate paths. The timing is awkward too, with equities priced for immaculate disinflation and a clean landing. Let’s walk through what changed, how it filters into the S&P 500, what to watch in the next few weeks, and where the trapdoors sit if this escalates.
Point
Details
New Hormuz flashpoint
U.S. forces struck Iranian targets on July 7 after attacks on commercial vessels, raising fresh supply risk in a critical oil chokepoint Al‑Monitor.
Policy shift on Iranian oil
U.S. Treasury revoked a general licence for Iranian crude sales following tanke
Geopolitical tensions may lead to increased oil price volatility, impacting global markets and highlighting the strategic importance of the Strait of Hormuz.
The post Oil prices surge as Trump ends cease-fire with Iran, raising supply concerns appeared first on Crypto Briefing.
