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USD/CAD trades on a flat note around 1.3670 on Monday, down modestly by 0.05% on the day at the time of writing. The US Dollar (USD) finds some support after Friday’s stronger-than-expected US employment report, but gains in the Canadian Dollar (CAD) are limiting the pair’s upside amid higher Oil prices. The Bureau of Labor Statistics (BLS) reported that the US economy added 115K jobs in April, compared with 185K in March after revision, beating market expectations of 62K. Meanwhile, the Unemployment Rate remained steady at 4.3%, in line with consensus forecasts. The data reinforced expectations that the Federal Reserve (Fed) could remain cautious regarding additional monetary easing. MUFG noted that the rebound in the US Dollar is being supported both by persistent geopolitical tensions and by the stronger-than-expected Nonfarm Payrolls (NFP) report. The bank also believes that the
The post Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations appeared on BitcoinEthereumNews.com.
The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East. At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day. The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollar’s downside remains limited as fading hopes for a near-term resolution to the US-Iran conflict support safe-haven demand for the Greenback. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 97.88 after hitting an intraday high near 98.15. U
The post Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC appeared on BitcoinEthereumNews.com.
OCBC’s FX Christopher Wong describes USD/JPY as a two-way trade after suspected Ministry of Finance (MoF) intervention capped gains near 160. He notes bearish daily momentum but says fundamentals are not decisively Japanese Yen (JPY)-positive, with higher Oil prices still a drag. The pair is expected to stay choppy, driven by Oil swings, with support from 155.40 and resistance up to 158.70. Intervention risk tempers upside bias “USD/JPY traded near recent lows last week. Price action remains a two-way trade after recent suspected MoF intervention helped cap upside near the 160-handle.” “While intervention risk may keep JPY shorts more cautious, the fundamental backdrop is not yet decisively JPY-positive. Higher oil prices remain a terms-of-trade drag on JPY. “ “Near term, USD/JPY may stay choppy, driven by swings in oil prices. Pair was last at 156.70 levels. Bearis
The post LIVE: Oil jumps, stocks wobble and Bitcoin holds $81,000 after Trump rejects Iran ceasefire offer appeared on BitcoinEthereumNews.com.
Dow futures, S&P 500 futures, and Nasdaq 100 futures all slipped 0.1% after last week’s strong rally. The S&P 500 and Nasdaq Composite just logged their sixth straight winning week, their first such run since 2024. Oil prices jumped more than 2%, with WTI at $97.88 and Brent at $103.93, as Middle East tensions stayed hot. Bitcoin held near $81,000, while XRP, SOL, ETH, and other major tokens traded mixed. Source: https://www.cryptopolitan.com/oil-stocks-bitcoin-hold-trump-iran-ceasefire/
The faltering US-Iran talks heighten geopolitical tensions, impacting global markets by driving inflation fears and influencing currency dynamics.
The post Gold falls on oil-driven inflation worries as US-Iran talks falter appeared first on Crypto Briefing.
The post Oil Surges 3%, Gold Slides As US-Iran Nuclear Talks Collapse appeared on BitcoinEthereumNews.com.
Oil Surges 3%, Gold Slides As US-Iran Nuclear Talks Collapse Skip to content
Home Crypto News Oil Surges 3%, Gold Slides as US-Iran Nuclear Talks Collapse
Source: https://bitcoinworld.co.in/oil-gold-us-iran-nuclear-talks-breakdown/
Rising oil prices and geopolitical tensions could drive increased volatility in global markets, influencing both traditional and digital assets.
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Climate campaigners attack Shell over ‘windfall’ profits from Iran war
The Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.
The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.
“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.
What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases t
