BitcoinEthereumNews·
The post US Dollar: Data focus and Fed expectations – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Michael Pfister notes that if negotiations with Iran fail to progress, markets will turn to a heavy slate of US data, including the second estimate of first-quarter GDP and key PCE inflation readings. With FOMC rhetoric turning more hawkish, he stresses that solid growth and stronger PCE are needed to sustain current US rate hike expectations and support the US Dollar. US data and Fed rhetoric in focus “If no significant progress is made in today’s negotiations either, the market will likely focus this afternoon on the series of US data set to be released.” “Admittedly, it is ‘only’ the second estimate of US growth in the first quarter, and the PCE index can usually be estimated quite well from the already released inflation and producer price figures.” “However, given that statements from FOMC members have become increasingly hawkish in recent days and weeks – which is
Read full articleGeopolitical tensions underscore the vulnerability of crypto markets, highlighting the risks of leverage amid unpredictable global events. The post Iran’s IRGC strikes US airbase in retaliation, raising crypto market volatility concerns appeared first on Crypto Briefing.
Bitcoin (BTC) is down to around $73K amid ETF outflows and geopolitical tension. Over $2B in ETF outflows and $900M liquidations added selling pressure. The key support sits at $72,650 with RSI near oversold levels at 34.82. Bitcoin slipped below the $73,000 level as a combination of geopolitical escalation, heavy ETF redemptions, and large institutional […] The post Bitcoin drops to $73K amid renewed US strikes on Iran and ETF outflows appeared first on CoinJournal.
Ukraine and Iran have shown us that war as we’ve known it is over.
Ukraine and Iran have shown us that war as we’ve known it is over.
The restoration of missile sites in Iran signals escalating regional tensions, potentially impacting geopolitical stability and airspace security. The post Iran restores missile sites after US-Israel strikes, tensions rise appeared first on Crypto Briefing.
The post New Zealand Dollar loses traction as US–Iran tensions overshadow hawkish RBNZ policy outlook appeared on BitcoinEthereumNews.com. The NZD/USD pair attracts some sellers to around 0.5885 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) as a fresh exchange of airstrikes between the United States (US) and Iran dented hopes for a peace deal. The US military launched new strikes overnight in Iran targeting a military site and shooting down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz, Reuters reported on Wednesday. Deputy Secretary of Iran’s Supreme National Security Council, Ali Bagheri Kani, said that Iran is seeking the release of all of the country’s funds by the US and this is the legal right of Iran, adding that the assets belong to Iranians and must be returned “fully and unconditionally.” The Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (
The crypto market remained under pressure on Thursday as renewed military tensions between the United States and Iran triggered another sharp wave of liquidations and ETF outflows. According to data from CoinGecko, the total cryptocurrency market capitalization fell roughly 4%…
The post Canadian Dollar: Rebalancing offers near-term relief – BNY appeared on BitcoinEthereumNews.com. Geoff Yu at BNY highlights that Canadian Dollar (CAD) dynamics differ from the U.S., with equity-based rebalancing pointing toward CAD support as growth and allocation trends move opposite to the US Dollar. Fixed income steepening and poor CAD performance are seen amplifying CAD buying signals, suggesting some relief for the Canadian Dollar into month-end. Canadian Dollar supported by flows “Mathematically, our figures suggest that the unwinding of USD/CAD hedges – the discontinuation of forward USD selling against CAD on U.S. positions – played a big role in the dollar’s performance and some reversion is needed.” “The only other equity-based rebalancing signal is in the CAD, where growth and asset allocation trends are pointing in the opposite direction.” “In contrast, CAD buying is being amplified by similar steepening in bond markets on top of poor currency performance.” “USD and
