Oil prices fall despite tight supply as China’s demand weakens

Rising oil prices due to geopolitical tensions could strain India's economy, impacting inflation, currency stability, and corporate earnings. The post Indian shares to open lower as US-Iran tensions drive oil prices up appeared first on Crypto Briefing.

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 rate hike may curb inflation but risks slowing economic recovery, impacting housing, currency strength, and global investment dynamics. The post Reserve Bank of New Zealand raises key interest rate for first time in three years appeared first on Crypto Briefing.

Geopolitical tensions in key oil transit regions heighten market volatility, potentially driving crude prices toward record highs by year-end. The post US strikes on Iran push oil prices higher amid Strait of Hormuz tensions appeared first on Crypto Briefing.

China's missile test may prompt stronger regional alliances, heightening military tensions and influencing defense strategies in the Indo-Pacific. The post China’s missile test raises Asia-Pacific security concerns, may strengthen alliances appeared first on Crypto Briefing.

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 RBA’s Hunter: Board will intervene as necessary to bring inflation back to target appeared on BitcoinEthereumNews.com. Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said on Wednesday that the central bank will act as needed to bring inflation back to target, even as the recent oil shock has yet to produce a marked slowdown in economic activity. Key quotes The recent oil shock has led to falls in consumer and business confidence but there are so far few signs of a marked slowdown in activity. It is not always correct to look through supply shocks and that a period of low inflation and higher unemployment might be needed if inflation expectations start to drift up. Supply shocks create difficult trade-offs but do not lessen the importance of maintaining low and stable inflation. The board will continue to act as needed to ensure inflation returns to target and the labour market to sustainable full employment. Market reaction At press time, the AUD/USD pair trad

Apple's potential sourcing from CXMT could reshape global tech supply chains, balancing cost pressures with geopolitical tensions. The post Apple tests CXMT’s DRAM chips for devices sold in China, navigating Pentagon blacklist appeared first on Crypto Briefing.