The post Forex Today: Markets await FOMC Minutes while tensions in Middle East escalate appeared on BitcoinEthereumNews.com.
Here is what you need to know on Wednesday, July 8: The market sentiment sours on Wednesday as investors assess the latest headlines surrounding the Middle East conflict. Later in the American session, the Federal Reserve (Fed) will publish the minutes of the June Federal Open Market Committee (FOMC) meeting. In the meantime, investors will keep a close eye on geopolitics. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.10% -0.12% 0.55% -0.23% -0.07% -0.15% 0.42% EUR -0.10% -0.24% 0.46% -0.35% -0.13% -0.28% 0.27% GBP 0.12% 0.24% 0.59% -0.09% 0.11% -0.04% 0.51% JPY -0.55% -0.46% -0.59% -0.80% -0.50% -0.66% -0.16% CAD 0.23% 0.35% 0.09% 0.80% 0.28% 0.13% 0.62% AUD 0.07% 0.13% -0.11% 0.50% -0.2
US-Iran tensions heighten crypto market volatility, prompting increased regulatory scrutiny and potential compliance challenges for investors.
The post US airstrikes hit Bandar Abbas as Iran tensions rattle crypto markets again appeared first on Crypto Briefing.
The post Silver Price Forecast: XAG/USD falls toward $58.00 as Trump declares Iran truce “finished” appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) extends its losses for the third consecutive day, trading around $58.30 per troy ounce during the European hours on Wednesday. The non-yielding white metal struggled as renewed Middle East escalations threatened the interim United States (US)-Iran peace deal. The conflict drove oil prices higher, stoking fresh inflation fears and raising the prospect of higher interest rates, which further weighed on the non-interest-bearing asset. The tentative ceasefire between the US and Iran has officially collapsed after US President Donald Trump declared the truce finished during the annual NATO summit in Ankara. Sitting alongside NATO Secretary General Mark Rutte, Trump stated that he considers the agreement over, calling it “just a waste of time” and raising the immediate prospect of renewed military conflict between the two nations. The
The post Donald Trump Declares the Iran MoU “Is Over”: Bitcoin Plunges and Oil Soars appeared on BitcoinEthereumNews.com.
Middle East de-escalation now looks severely threatened. US President Donald Trump declared the memorandum of understanding with Iran “is over,” sending Bitcoin below $62,000 and oil sharply higher within minutes. Here is what Trump said, how markets reacted, and why Bitcoin moved in the opposite direction to oil. $BTC dropped below $62,000 after Trump said the US-Iran MOU is over. If Bitcoin closes a daily candle below $62,000 here, a sweep of $60,000 could happen soon. pic.twitter.com/d86rO2wZnn — Ted (@TedPillows) July 8, 2026 What Trump’s Iran MoU Statement Actually Means A memorandum of understanding, or MoU, is a formal but non-binding agreement outlining shared intentions between two parties before a permanent deal. Trump declared the Iran MoU “is over” after both sides failed to reach a lasting agreement, according to CNN. The collapse followed a fresh wave
Rising geopolitical tensions in the Middle East could lead to sustained volatility in global markets, impacting oil supply and investor confidence.
The post Middle East tensions boost oil, dollar; Israeli stocks fall amid tanker attacks appeared first on Crypto Briefing.
The post US Dollar: Fed pricing questioned as disinflation looms – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny argues that June FOMC minutes may already be stale as weaker labour data and lower energy prices challenge the Fed’s hawkish dot plot. He sees OIS pricing as too aggressive, with rate hikes over-priced and a rate cut by March 2027 more likely than another hike. Dollar strength, he says, has been driven by rate spreads and leveraged long positioning, but this may reverse if disinflation resumes. Fed expectations and Dollar positioning “The FX market is increasingly being driven once again by rates spreads with our rolling correlations indicating that and the Fed rate hike pricing has been the key driver of renewed US dollar buying. A lot of this pricing appears driven by the perception that Fed Chair Warsh has been hawkish. But apart from reaffirming the pursuit of achieving the Fed’s 2% inflation goal there is limited evidence to point to of Warsh being par
The post Dow Jones futures fall on increasing risk aversion, FOMC Minutes awaited appeared on BitcoinEthereumNews.com.
Dow Jones futures decline 0.40% to trade around 52,980 during European trading hours on Wednesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.17% and 0.14%, trading near 7,540 and 29,350, respectively. Global financial markets are on edge as plunging US stock futures signal deep investor anxiety ahead of Wednesday’s highly anticipated release of the FOMC Meeting Minutes. This release marks the first under newly appointed Fed Chairman Kevin Warsh, and traders are aggressively parsing the landscape for critical clues regarding the future path of US interest rates. This US central bank watching is unfolding against a backdrop of severe geopolitical escalation in the Middle East. Risk aversion spiked across global boards following US airstrikes in southern Iran, a direct military intervention responding to previous Iranian attacks on commercial shipping vesse
The expanded World Cup format amplifies sports betting dynamics, driving crypto's rapid growth by increasing unpredictable match outcomes.
The post Argentina’s World Cup path highlights why sports betting markets are crypto’s fastest-growing frontier appeared first on Crypto Briefing.
The post Gold: Rallies face headwinds from Oil and rates – OCBC appeared on BitcoinEthereumNews.com.
OCBC Bank’s Sim Moh Siong and Christopher Wong explain that the precious-metals complex has come under renewed pressure following the recent spike in Oil prices. Gold is down nearly 2% and Silver more than 4% week-to-date, as geopolitics work mainly through the Oil, inflation and rates channel. Near term, rallies in Gold and Silver may struggle unless Oil stabilises or Federal Reserve/rates concerns ease. Non-yielding metals pressured by macro “The precious-metals complex has come under renewed pressure, following the recent spike in oil prices.” “While geopolitics would normally offer some support for gold, the latest move has worked more through the oil, inflation and rates channel.” “That has weighed on non-yielding assets, with gold down nearly 2% week-to-date and silver falling more than 4%.” “Silver’s underperformance is not surprising given its higher-beta profile. Near term, unl