Euro holds steady as traders assess Fed and ECB interest rate paths

The post Euro: ECB cautious as euro area outlook stays fragile – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu cites European Central Bank (ECB) Governing Council member Fabio Panetta, who describes a fragile Euro area outlook with upside inflation risks and downside growth risks. Panetta stresses that policy should not follow a preset path, frames the latest rate hike as recalibration after oil-driven inflation, and says recurring supply shocks may force further adaptation to meet the 2% target. Panetta flags balanced risks for Euro “ECB Governing Council member Fabio Panetta said in Rome that the euro area faces a fragile outlook, with upside risks to inflation still coexisting with downside risks to growth.” “He argued that recent peace talks between the U.S. and Iran could eventually ease energy prices but warned that monetary policy should not follow a preset path.” “Panetta said policymakers must keep a close watch on geopolitical developments, energy markets, supply ch

The post Why Institutional Capital Is Becoming More Selective in Crypto appeared on BitcoinEthereumNews.com. The latest KuCoin Ventures Weekly Report highlights an important shift in institutional behavior between June 22 and 28. On the surface, market conditions offered little reason for optimism. Tightening financial conditions, sticky inflation, a hawkish Fed, and a seventh straight week of Bitcoin ETF outflows should have sent institutional capital for the exits. However, institutional positioning suggested otherwise. Instead, the week’s developments pointed to a different trend. Investors became far more selective, moving toward sectors with real yield, real fundamentals, and real utility rather than fleeing altogether. Three areas absorbed most of that attention: real-world assets (RWAs), DeFi lending, and prediction markets. Aave deepened its footprint in institutional on-chain lending, Kraken emerged as a possible buyer into that same infrastructure, and prediction markets kept

The post Canadian Dollar steady as trade surplus, Fed outlook cap USD/CAD appeared on BitcoinEthereumNews.com. USD/CAD trades around 1.4205 on Tuesday at the time of writing, virtually unchanged on the day, as investors balance encouraging Canadian economic data against a US Dollar (USD) that remains supported by monetary policy expectations and ongoing geopolitical tensions. Canada released stronger-than-expected trade figures. Merchandise exports rose 0.9% in May, while imports edged down 0.2%, allowing the trade surplus to widen to CAD$4.24B from an upwardly revised CAD$3.41B in April. This marks Canada’s third consecutive monthly trade surplus. Meanwhile, the Ivey Purchasing Managers Index (PMI) eased to 59.7 from 61.3 but remained firmly in expansion territory, signalling that economic activity continues to grow. Despite the upbeat domestic data, the Canadian Dollar (CAD) struggles to gain traction, although higher Oil prices are providing some support. West Texas Intermediate (WT

The post Fed’s Williams: “Monetary policy is in a good place” appeared on BitcoinEthereumNews.com. Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that the United States (US) economy continues to show steady, trend-like growth, while the labor market remains stable. Speaking in an interview with Fox Business, Williams noted that monetary policy is well positioned to achieve the Fed’s goals, although future decisions will depend on incoming data and risks. Key takeaways: Williams said he sees steady trend-like growth for the US economy. The job market is showing stability, with risks looking pretty balanced. The retreat in energy prices is good news and should continue to cool inflation. Inflation is still quite high, but Williams feels more positive about the near-term outlook due to lower energy prices. The Fed is likely near the peak impact of tariffs. Monetary policy is well positioned to achieve the Fed’s goals. What happens next with monetary policy

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 post Polish Zloty: Dovish NBP tone risks downside – ING appeared on BitcoinEthereumNews.com. ING economists Rafal Benecki and Adam Antoniak argue that reduced prospects of further tightening by the European Central Bank (ECB) and Federal Reserve (Fed) should ease external pressure on the Zloty. However, they warn that market concerns over a potentially more dovish National Bank of Poland (NBP) are PLN-negative, and with Euro adoption distant, any softening in NBP rhetoric could pose greater downside risks compared with the Forint’s convergence support. PLN vulnerable to softer NBP tone “As the likelihood of further rate hikes from the European Central Bank has diminished and additional monetary tightening by the Federal Reserve this year appears increasingly doubtful, the external negative pressure on the zloty should diminish.” “Still, the FX market appears worried that the NBP may turn more dovish soon, which is PLN negative.” “By contrast, the National Bank of Hungary’s dovish r