Every day, thousands of traders search for the next crypto to explode, but April's 12.7% Bitcoin rally was built on futures leverage rather than real spot buying, according to CryptoQuant data reported by CNBC. When rallies run on derivatives instead
Kenya’s forex market is being shaped by a conflict that at first glance seems far away. The Iran war has pushed oil markets back into focus, raised fresh worries about supply routes, and forced many traders to rethink what really moves the Kenyan shilling. What once looked like a mostly global headline is now feeding directly into local pricing pressure, fuel costs, and market sentiment. That is why forex trading in Kenya is starting to feel more complex than it did just a few months ago. Traders are no longer reacting only to interest rates, dollar strength, or technical charts. The post How the Iran Conflict Is Quietly Rewriting the Rules of Forex Trading in Kenya appeared first on Nairobi Wire .
ANZ sees Brent above $90 for 2026 with risk of $100-plus into 2027 South Korea's central bank ready to turn hawkish as chip boom masks inflation pressure RBNZ board member Gai says Hormuz shock does not warrant reflexive rate hikes US Navy to shadow Hormuz convoys but stop short of direct escorts (Avios, echoing WSJ) Australian March 2026 building approvals -10.5% m/m (prior +29.7%) Australia Monthly Inflation Gauge showed "Monthly inflation rose again in April" CBA tips RBA rate hike tomorrow but warns Iran war makes it a close call. Split RBA board Barclays warns yen recovery likely temporary despite Tokyo's $35bn intervention UKMTO says a tanker has reported being hit by unknown projectiles, Strait of Hormuz Pentagon puts full military weight behind Project Freedom (Hormuz freedom) from May 4 Iran draws red line (ceasefire breach) on Hormuz as US ship coordination plan takes shape Fed's Kashkari refuses to rule out rate hikes as Iran conflict stokes inflation WSJ says Trump plan to guide ships through Hormuz doesn’t involve U.S. Navy escorts Oil down, equities up on Trump's Hormuz plan just announced. Leaves Iran all at sea. Trump launches Project Freedom to escort ships out of Hormuz. Leaves Iran stranded. Weekend - Bulk carrier attacked by small craft off Iran's Sirik coast, crew safe Trump: US Navy will make effort to free up ships in Hormuz beginning Monday Mid East time Opec+ crude oil output rise largely symbolic as Hormuz strait stays closed Monday open indicative forex prices, 04 May 2026 Newsquawk Week Ahead: US NFP, ISM Services PMI, RBA, Canadian jobs and OPEC+ At a glance: Thin Asia-Pacific session with Japan and China on public holidays; USD/JPY dipped early before grinding higher through the day Trump announces Project Freedom to guide neutral ships through the Strait of Hormuz; CENTCOM commits destroyers, 15,000 troops and 100-plus aircraft to support the operation WSJ and US officials clarify no formal naval escorts; CENTCOM deployment complicates that framing Iran's parliament security chief rejects Project Freedom as a ceasefire violation Tanker struck by unknown projectiles 78NM north of Fujairah shortly before Trump's announcement Iran's foreign ministry says its 14-point proposal covers only the end of US-Israeli aggression; nuclear issues excluded; Trump says he is not satisfied with Iranian proposals but describes talks as going very well Fed's Kashkari warns Iran war raises inflation risks and may force rate hikes Australia and Japan sign agreements on economic security, critical minerals and defence Bitcoin clears $80,000 for the first time since late January RBA rate decision due Tuesday 2.30pm Sydney time; hike widely expected with market pricing above 75% Thin liquidity defined the Asia-Pacific session on Monday with Japan and mainland China both out for public holidays. USD/JPY saw some early volatility before the pair spent the remainder of the session drifting modestly higher. Major FX pairs traded in confined ranges throughout. AUD in a holding pattern ahead of tomorrow's Reserve Bank of Australia decision. Middle East developments moved quickly and dominated the session's narrative. President Trump announced via Truth Social that the United States would begin guiding neutral vessels safely out of the Strait of Hormuz under an operation he called Project Freedom, framing the move as a humanitarian gesture on behalf of countries caught up in a conflict not of their making. Trump warned that any interference with the process would be dealt with forcefully. A senior US official told the Wall Street Journal that the initiative would not involve US Navy warships formally escorting vessels, describing it instead as a coordination framework for countries, insurers and shipping organisations. That framing was quickly complicated by a CENTCOM announcement confirming that military support for Project Freedom begins May 4, with guided-missile destroyers, more than 100 land and sea-based aircraft, multi-domain unmanned platforms and 15,000 service members committed to the strait. The mission includes keeping vessels updated on the safest transit lanes and intervening if hostile Iranian vessels or aircraft attempt to challenge commercial shipping. Iran's response was unambiguous. The head of parliament's National Security Commission rejected Project Freedom outright, warning that any US interference in the maritime management of the Hormuz strait would constitute a violation of the ceasefire. In the diplomatic background, Iran's foreign ministry spokesperson confirmed that Tehran's 14-point proposal to Washington is focused solely on ending US-Israeli aggression and does not include nuclear issues. Trump said he was not satisfied with the Iranian proposals, though he told reporters after disembarking Air Force One on Sunday evening that negotiations were going very well without elaborating further. A tanker was struck by multiple unknown projectiles on the Oman corridor of the strait, 78 nautical miles north of Fujairah, UAE, per UKMTO. The attack occurred shortly before Trump's Project Freedom announcement. On the macro side, Minneapolis Fed President Kashkari reiterated that the Iran war raises inflation risks and may require rate hikes, saying the Fed cannot signal cuts while the Hormuz strait remains closed. Separately, Australia and Japan signed a package of agreements covering economic security, critical minerals and defence cooperation. Bitcoin crossed $80,000 for the first time since late January, providing one of the session's few risk-positive signals. The RBA's rate decision is due at 2.30pm Sydney time on Tuesday, equivalent to 0430 GMT and 0030 US Eastern time. A 25 basis point hike is widely anticipated with market pricing tracking above 75%, though the decision is expected to be another split vote. AUD/USD held a confined range through the session ahead of the announcement. This article was written by Eamonn Sheridan at investinglive.com.
The Indian rupee opened weaker at 94.95 against the US dollar, influenced by fluctuating oil prices and ongoing U.S.–Iran negotiations. Brent crude prices fell amid U.S. intervention efforts for stranded ships, while the rupee has dropped nearly 2% over the past eight days.
BitcoinWorld Pound Sterling Edges Higher: Resilient Surge Defies Middle East Uncertainty The Pound Sterling edges higher against major currencies, demonstrating a remarkable resilience even as geopolitical tensions in the Middle East continue to unsettle global markets. This unexpected strength offers a unique insight into the current dynamics of the foreign exchange market. Pound Sterling Edges Higher: A Closer Look at the Data Recent trading sessions show [...] This post Pound Sterling Edges Higher: Resilient Surge Defies Middle East Uncertainty first appeared on BitcoinWorld .
Global financial markets are experiencing unprecedented volatility, and sophisticated traders are increasingly turning to the relative strength index (RSI) as their compass for navigating turbulent waters. This powerful technical indicator, originally developed by J. Welles Wilder Jr. in 1978, has evolved from a niche analytical tool into a market-moving force that influences billions of dollars... The post Market Momentum Shifts as Relative Strength Index Signals Reshape Global Trading Strategies appeared first on Equity Insider .
BitcoinWorld South Korea Crypto Regulation Bill Passes Committee: Mandatory VASP Registration Under Forex Law In a landmark move for South Korea crypto regulation, the Finance and Economy Committee has passed a bill amending the Foreign Exchange Transactions Act. This amendment brings virtual asset service providers (VASPs), including crypto exchanges, under its regulatory scope. The bill mandates that any business offering ‘virtual asset transfer services’ must register with the Minister [...] This post South Korea Crypto Regulation Bill Passes Committee: Mandatory VASP Registration Under Forex Law first appeared on BitcoinWorld .
BitcoinWorld USD/JPY Consolidates Near 157.00 as Iran Tensions Counter Suspected Yen Intervention – A Tense Standoff The USD/JPY currency pair consolidates near the 157.00 mark. This price action reflects a tense standoff. Rising geopolitical tensions in Iran counter suspected intervention from Japanese authorities. Traders now watch for the next major move. USD/JPY Consolidates Near 157.00: A Market in Limbo The USD/JPY pair shows limited movement. It hovers around the 157.00 level. [...] This post USD/JPY Consolidates Near 157.00 as Iran Tensions Counter Suspected Yen Intervention – A Tense Standoff first appeared on BitcoinWorld .
BitcoinWorld EUR/USD Falls to Near 1.1700 as US Tariffs on EU Vehicles Trigger Forex Turmoil The EUR/USD exchange rate has fallen to near the 1.1700 level. This decline follows the United States government’s announcement of plans to raise tariffs on European Union vehicles. The decision has sent shockwaves through the global forex market. EUR/USD Falls as Trade Tensions Escalate On [Date], the euro dropped sharply against the US dollar. The [...] This post EUR/USD Falls to Near 1.1700 as US Tariffs on EU Vehicles Trigger Forex Turmoil first appeared on BitcoinWorld .
Nigeria is set for significant FX gains as global crude oil prices surge past $105/barrel, boosting revenue, strengthening reserves, and supporting naira s Read More: https://punchng.com/nigeria-eyes-fx-gains-as-crude-tops-105-barrel/
Automatic disconnection of connections, conflicting readings of policy deepen uncertainty.
Valve's new Steam Controller goes on sale on Monday for $99, and accessories-maker Mechanism will be ready. As far as we know, Mechanism's new Basegrip is the very first way to attach a Steam Controller to your phone - as well as Mechanism's lineup of accesso...