The post Euro hesitates above 0.8650 against the British Pound as Middle East tensions rise appeared on BitcoinEthereumNews.com.
The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far. Speculative demand for the common currency is faltering on Thursday as market sentiment sours and Oil prices jump with tensions between the US and Iran escalating again. The US military launched fresh strikes on Iranian military sites in the province of Bandar Abbas that, according to the US Central Command (Centcom), “posed a threat around the Strait of Hormuz.” Iran’s Islamic Revolutionary Guard Corps (IRGC) affirmed that they targeted US bases in the Gulf region, and Kuwait authorities reported interceptions of hostile drone and missile attacks. ECB-BoE monetary policy divergence The Euro, however, remains f
The post Equities: Pullback as Oil and yields rebound – Danske Bank appeared on BitcoinEthereumNews.com.
Danske Bank’s Danske Research Team notes that global equities paused and are set to open lower as Oil prices and yields move higher following renewed US-Iran tensions. They highlight profit-taking in momentum stocks after strong gains, with consumer sectors and heavily shorted names outperforming in what they describe as a catch-up move rather than data-driven rotation. Momentum unwinds, risk tone softer “US momentum stocks have rallied 5% in a week, and up almost 30% over the last month, so it makes sense to see days of profit-taking. In the absence of tech, consumer stocks led the market yesterday, across retail, staples, home builders etc.” “Equities took a breather yesterday and will decline further as markets open today. Instead of a peace deal, which investors are eagerly waiting for and pricing, the US carried out fresh strikes on Iran last night.” “Korean Kospi down 3% this
The post British Pound recovers against US Dollar; outlook remains weak due to Iran worries appeared on BitcoinEthereumNews.com.
The British Pound claws back half of its early losses and rebounds to near 1.3400 against the US Dollar (USD) during the European trading session on Thursday from the intraday low of 1.3367. The recovery move in the GBP/USD pair appears to be short-lived as Middle East conflicts have re-escalated. At press time, S&P 500 futures and Asian stock markets have also recovered significantly. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, retreats from its intraday high of 99.54, but is still 0.18% higher to near 99.40. A slight correction in the WTI Oil price has also been observed from the day’s high of $91.17 to near $90.14. Geopolitical tensions in the Gulf region have been reignited due to the exchange of attacks between the United States (US) and Iran. Earlier in the day, Iran’s Islamic Revolutionary Guard Corps (IR
Geopolitical tensions heighten market volatility, impacting global supply chains and inflation, while crypto markets show mixed resilience.
The post Stocks drop and oil spikes as renewed Middle East attacks rattle markets appeared first on Crypto Briefing.
Escalating tensions could destabilize global markets, impacting crypto volatility, energy prices, and regulatory scrutiny on digital assets.
The post Islamic Revolutionary Guard Corps strikes US air bases across Middle East, warns of stronger retaliation appeared first on Crypto Briefing.
The post Euro Holds Near Weekly Highs As ECB Officials Strike Hawkish Tone appeared on BitcoinEthereumNews.com.
Euro Holds Near Weekly Highs As ECB Officials Strike Hawkish Tone Skip to content
Home Forex News Euro Holds Near Weekly Highs as ECB Officials Strike Hawkish Tone
Source: https://bitcoinworld.co.in/euro-holds-near-weekly-highs-ecb-hawkish-comments/
Stalled US-Iran talks heighten market volatility, intertwining oil and crypto dynamics, and spotlighting geopolitical risk in trading strategies.
The post Oil steadies near $89 as US-Iran negotiations stall, rattling crypto and energy markets alike appeared first on Crypto Briefing.
Bitcoin disappointed bulls by dropping below $75,000 on Iran peace deal reports while US stocks hit new all-time highs and oil saw one-month lows on Hormuz hopes.
Bitcoin has fallen more than 3% over the past 24 hours as traders reacted to renewed Middle East tensions, persistent ETF outflows, and a fresh rejection below a major technical resistance zone. According to data from crypto.news, Bitcoin (BTC) price…
