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The post US attacks on Iran: Why did the US Dollar fail to rally this time? appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY) pulls back to levels a few pips shy of 101.00 during Wednesday’s European session, after being rejected at the 101.20 area earlier in the day, and has turned negative on daily charts. The Index rose amid the fresh hostilities in Iran but has remained within previous ranges as investors remain hopeful that the peace process will survive. The US military announced earlier on Wednesday the completion of the latest round of attacks on Iran, hitting more than 80 targets, in retaliation for alleged attacks by Iranian forces on commercial vessels crossing the Strairtt of Hormuz earlier this week. The US has also rescinded the authorization to export Iranian Oil. The Iranian Islamic Revolutionary Guard Corps (IRGC) said that they targeted 85 US military targets in Kuwait and Bahrain. The Bahrainian Interior Ministry confirmed sirens sounding in the country,
Read full articleEscalating tensions over the Strait of Hormuz could heighten the risk of military conflict, impacting global oil markets and regional stability. The post Iran accuses US of violating Strait of Hormuz traffic agreement appeared first on Crypto Briefing.
The post Oil: Limited war risk keeps Brent capped – DBS appeared on BitcoinEthereumNews.com. DBS Group Research’s Philip Wee notes that recent Iranian strikes on shipping in the Strait of Hormuz pushed Brent crude from $72 to $76 per barrel and lifted US Treasury 2Y yields, but markets still see no return to full-scale war. With Brent below $80 and far from $120, he argues oil-driven inflation and policy risks remain contained for now. Brent reacts to Hormuz tensions “Iran launched fresh strikes against commercial shipping vessels in the Strait of Hormuz, prompting the US Treasury Department to revoke licenses allowing Iran to sell oil globally.” “Brent crude surged from $72 to $76 per barrel on Tuesday, sending the US Treasury 2Y yield higher to 4.185% from 4.12%. With Brent still below $80, the 2Y yield was capped at June’s high of 4.234%.” “For now, the market is keeping to the playbook that Tehran and Washington are still in a high-stakes game to gain leverage during the temporary
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 Crypto Market Today: BTC, ETH Tumble After Trump Says Iran Ceasefire Is Over appeared on BitcoinEthereumNews.com. The post Crypto Market Today: BTC, ETH Tumble After Trump Says Iran Ceasefire Is Over appeared first on Coinpedia Fintech News Crypto market today turned sharply lower within minutes as panic selling swept through digital assets following a major geopolitical escalation. Bitcoin price and Ethereum price each dropped nearly 2%, while the broader crypto market erased billions in value after U.S. President Donald Trump declared the Iran ceasefire was “over.” The unexpected remarks reignited fears of … Source: https://coinpedia.org/price-analysis/crypto-market-today-btc-eth-tumble-after-trump-says-iran-ceasefire-is-over/
The post WTI surges above $74 as Trump confirms MoU with Iran is over appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), futures on NYMEX, soars 3.2% to near $74.30 during the European trading session on Wednesday, the highest level seen in two weeks. The oil price surges as the confirmation from United States (US) President Donald Trump that the memorandum of understanding (MoU) with Iran, which aimed at ending the war in the Middle East, is over, has revived risks of global energy supply disruption. Speaking at the NATO summit in Ankara, Türkiye, US President Trump said, I think the MoU with Iran is over.” Trump added, “We attacked very powerfully last night, the very dangerous people from Iran. They’re sick; there’s something wrong with them,” Moneycontrol reported. Last night, the US Central Command confirmed attacking Iran’s military infrastructure in response to Tehran striking commercial ships transiting through the Strait of Hormuz, a vital passage to almost on
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 Why Australian Dollar turns upside down in European session on Wednesday? appeared on BitcoinEthereumNews.com. The Australian Dollar (AUD) gives back its early gains and turns lower to near 0.6915 against the US Dollar (USD) during the European trading session on Wednesday. The Aussie pair faces selling pressure as remarks from United States (US) President Donald Trump that the Memorandum of Understanding (MoU) with Iran, which aimed for a ceasefire between them, seems over, have prompted demand for safe-haven assets. “I think MoU with Iran is over,” US President Trump said. “I don’t want to deal with Iran. They are sick people,” he added. S&P 500 futures tumble over 0.7% to near 7,445, reflecting a weak risk appetite of investors. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, turns almost flat around 101.15 after recovering early losses. Earlier in the day, the Australian Dollar outperformed as RBA Assistant Governor Sarah Hunter
The calls for attacks could destabilize regional security, impacting NATO dynamics and increasing market concerns over Iran's airspace closure. The post Iranian hardliners call for attacks on Trump, Erdogan at NATO summit appeared first on Crypto Briefing.
