The post Japanese Yen edges higher as intervention fears return appeared on BitcoinEthereumNews.com.
The USD/JPY pair trades with mild losses near 162.35 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as traders continue to watch for signs of possible intervention by Japanese authorities to support the currency. The Federal Reserve’s (Fed) June meeting minutes will be released later on Wednesday. Expectations for further US rate increases have eased following weaker-than-expected Nonfarm Payrolls (NFP) data, weighing on the Greenback. Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that he has grown a little less worried about the state of price pressures in the economy due to the recent retreat in energy prices, which he expects to continue. Meanwhile, Fed Governor Christopher Waller stated on Monday that forward guidance can be a valuable tool under the right circumstances but can also be a pr
The post Markets Wait on Fed Minutes: What to Expect from Today’s Release appeared on BitcoinEthereumNews.com.
The Federal Reserve releases the minutes from its June 16-17 policy meeting on Wednesday at 2 p.m. ET. Investors hoping for clarity on a September rate hike may come away with less than they expect. Chair Kevin Warsh withheld his own rate projection this cycle. He also issued a policy statement of just 130 words that dropped forward guidance entirely. That leaves the minutes as the only detailed record of the committee’s internal debate. A Committee Split Between Hawks and Doves The FOMC held rates steady at 3.50% to 3.75% on June 17. That marked the fourth consecutive hold. Nine of 18 FOMC policymakers penciled in at least one 2026 hike. Warsh declined to submit a projection of his own. The committee met before the Bureau of Labor Statistics released its June payrolls report. That report showed just 57,000 new jobs, the weakest reading in four months. Any hawkish language in
The post British Pound declines to near 1.3350 as US launches strikes on Iran appeared on BitcoinEthereumNews.com.
The GBP/USD pair loses traction to near 1.3355 during the Asian trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid renewed geopolitical tensions after the US renewed strikes on Iran. The Federal Reserve’s (Fed) June meeting minutes will be published later on Wednesday. Washington unleashed a new wave of strikes against Tehran on Tuesday and revoked a license allowing the country to sell oil after three tankers were attacked in the Strait of Hormuz, per Reuters. Geopolitical fears surge following this headline, supporting the Greenback as a safe-haven asset. Westpac analysts said that concerns for the stability of the peace deal reemerged after Iran attacked ships crossing the Strait of Hormuz. “Concerns over the inflation outlook were in focus, seeing yields jump higher across the globe,” they wrote. The formal race to replace
The post Why is the Canadian Dollar falling despite higher oil prices? appeared on BitcoinEthereumNews.com.
USD/CAD inches higher after registering minor losses in the previous day, trading around 1.4200 during the Asian hours on Wednesday. Traders are closely watching Wednesday’s release of the Federal Reserve Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates. The USD/CAD pair advances as the US Dollar (USD) receives support from safe-haven demand amid renewed geopolitical tensions. However, the upside of the Greenback could be restrained due to cooling rate-hike expectations, a shift triggered by last week’s weaker-than-expected Nonfarm Payrolls (NFP) data. According to LSEG data, market pricing for total Fed rate increases by December has dropped to roughly 26 basis points, down significantly from the 38 basis points projected just a week ago. This shifting outlook is framed by recent commentary fr
The post Euro struggles above 1.1400 vs USD as Iran tensions support USD appeared on BitcoinEthereumNews.com.
The EUR/USD pair defends the 1.1400 mark during the Asian session on Wednesday, though it struggles to attract any meaningful buyers on the back of renewed US-Iran hostilities. Traders also seem hesitant and opt to wait for FOMC Minutes for more cues about the Federal Reserve’s (Fed) policy path before placing fresh directional bets. The US military launched unleashed a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation of tensions, which is seen underpinning the safe-haven US Dollar (USD) and acting as a headwind for the EUR/USD pair. Meanwhile, the US also moved to withdraw a key concession that allowed Iran to sell oil on international markets, triggering a sharp r
Rising US-Iran tensions may drive oil prices up, potentially fueling inflation and influencing future Federal Reserve rate decisions.
The post Gold dips as US-Iran tensions boost oil prices, rate hike bets appeared first on Crypto Briefing.
The post Fed minutes loom as Polymarket lifts ETH $1,700 touch odds to 44.5% appeared on BitcoinEthereumNews.com.
Fed Minutes Loom: Polymarket Ethereum July 6–12 Contract Shifts as “↓ 1,700” Becomes the Top Outcome The market is bracing for the Federal Reserve’s June 16–17 meeting minutes due Wednesday at 2 p.m. ET, a release that traders see as pivotal for risk-asset direction after a jobs-driven crypto rebound. On Polymarket, that macro backdrop has coincided with higher odds on the Ethereum ladder contract “What price will Ethereum hit July 6-12?”, with the leading outcome “↓ 1,700” priced at 44.5%. Key Takeaways Polymarket prices the leading outcome “↓ 1,700” at 44.5% (Yes 44.5% / No 55.5%) for Ethereum during July 6-12. Crypto traders are focused on whether the Fed minutes validate a softer labor-market narrative that has underpinned the latest rebound in major tokens. The contract is set to resolve on 2026-07-13 04:00:00+00:00, and the leading-outcome odds are up 6.0 percentage p
The post Gold edges lower to near $4,100 on renewed US–Iran tensions appeared on BitcoinEthereumNews.com.
Gold price (XAU/USD) loses ground to around $4,100 during the early Asian session on Wednesday. The precious metal faces new selling pressure after the US vows a response against Iran following reports of attacks on three oil tankers in and around the Strait of Hormuz. Traders await the release of the Federal Reserve’s (Fed) June meeting minutes later on Wednesday. “US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday. The US military added that the strikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. Renewed tensions threaten to further destabilize relations between Washington and Tehran after both countries inked an interim peace de
The post Euro watches its best arguments sink in the Strait of Hormuz appeared on BitcoinEthereumNews.com.
The Euro spent Tuesday assembling the sort of case that should buy a currency a bid: hawkish-leaning remarks from an unlikely corner of the European Central Bank (ECB), a softening American payrolls proxy, and a Federal Reserve (Fed) regional president content to say nothing new. The market read the file, shrugged, and sold the single currency anyway, fading it from an early peak just shy of 1.1450 to a 1.1406 close, its weakest finish since last Wednesday. The Strait of Hormuz then finished the job, with late-session headlines confirming fresh Iranian strikes on commercial shipping and an American military and sanctions response that handed the Dollar a haven bid into the close. What began as quiet positioning ahead of Wednesday’s Federal Open Market Committee (FOMC) minutes ended with the pair pinned near its low and Brent Crude Oil sharply higher. A hawkish dove, a soft payroll
