European natural gas: Tight storage supports prices – ING

The post What US Navy Aircraft Carriers And Assault Ships Are In The Middle East? appeared on BitcoinEthereumNews.com. A U.S. Marine Corps UH-1Y Venom and an AH-1Z Viper, both assigned to Marine Medium Tiltrotor Squadron (VMM) 163 (Reinforced), 11th Marine Expeditionary Unit, are staged on the flight deck aboard Wasp-class amphibious assault ship USS Boxer (LHD 4) in the Indian Ocean, June 24 (U.S. Marine Corps photo by Lance Cpl. Nicole Stuart) The United States and Iran resumed attacks on Thursday, threatening to end any hope that an agreement can be reached to end the war that began on February 28. The United States military claimed to have struck around 90 targets across the Islamic Republic, with Tehran retaliating by striking U.S. allies across the region. The resumption of fighting comes as the United States Central Command confirmed that the USS Tripoli Amphibious Ready Group, including the flagship America-class amphibious assault ship USS Tripoli (LHA-7) and the Whidbey Islan

The post Gold rebounds above $4,100 as falling Oil weighs on US Dollar appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price advances during the North American session on Thursday, up over 1.30% as the US Dollar (USD) retreats due to falling Oil prices amid easing tensions in the Middle East. The XAU/USD pair trades at $4,132 after bouncing off weekly lows of around $4,021 hit on Wednesday. XAU/USD rises as Middle East tensions ease, pressuring Dollar The US-Iran conflict grabbed the headlines during the last two days as both parties exchanged attacks, threatening to derail negotiations that had been scheduled to begin in Pakistan on Saturday before the last escalation. Oil prices jumped, with West Texas Intermediate (WTI), the US Oil benchmark, reclaiming the $ 75.00-per-barrel barrier, but retreated on Thursday. The jump in energy prices grew speculation that the Federal Reserve (Fed) could raise borrowing costs to tame already high inflation near 4.2% as reported in May. Now eye

The post Chinese Yuan: Forecast band tightened as stability holds against US Dollar – ING appeared on BitcoinEthereumNews.com. ING’s Chief Economist Lynn Song notes that the CNY has been one of the strongest performers in 2026, even against a firm Dollar backdrop. Song tightens its USD/CNY forecast band to 6.67–6.92 for the rest of the year, citing PBoC-driven currency stability, strong Chinese exports, a robust current account surplus and expectations of a narrowing US-China yield spread. CNY resilience and revised band “The CNY has been one of the top performers so far in 2026. With upside risks increasingly reflected in current valuations, we are narrowing and modestly lowering our forecast range to 6.67–6.92 for the remainder of the year.” “Will the CNY outperformance repeat in the second half? This is probably a more dollar-centric rather than CNY-centric question. The dollar-weakening trend would likely result in the CNY underperforming other currencies.” “With the PBOC holding f

The post British Airline Jet2 Shares Jump 9% After $536M Fuel Hedge Gain Offsets Middle East Travel Fears appeared on BitcoinEthereumNews.com. Key Takeaways Jet2 recorded a $536 million balance sheet windfall on July 8 after locking in low-cost fuel derivatives. The Middle East conflict triggered a 67% decline in annual cash inflows as travelers delayed holiday bookings. CEO Steve Heapy announced a $335 million buyback program and expanding operations at London Gatwick Airport. Sector Resilience Amid Fuel Volatility British airline and package holiday provider Jet2 defied intense geopolitical instability and travel sector panic triggered by the Middle East war by reporting a more than $500 million balance sheet boost, fueled by the rising price of jet fuel. As the conflict in the Middle East escalated, spiking fuel rates caused the value of the company’s fuel derivatives to soar. According to Jet2’s full financial results released July 8, an extra $536 million in income was primarily d

British airline Jet2 reported a $536 million balance sheet windfall for the fiscal year ending March 31, defying broader industry panic over Middle East geopolitical instability. Sector Resilience Amid Fuel Volatility British airline and package holiday provider Jet2 defied intense geopolitical instability and travel sector panic triggered by the Middle East war by reporting a […]

The post United States Dollar Index falls as Middle East calm cools inflation fears appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.14% to 100.93 on Thursday as tensions in the Middle East ease, driving Oil prices lower and trimming Federal Reserve (Fed) hawkish bets spurred by the energy shock. DXY slips as Hormuz calm drags Oil, Fed bets lower Geopolitics grabbed the attention after the US and Iran exchanged attacks during the last two days. The US President Donald Trump is growing impatient about the outcome of the negotiations with Iran, adding that the agreement was “over.” The US military attacked 90 military positions near the Strait of Hormuz on Wednesday, intending to weaken Iran’s ability to attack vessels transiting through the strait. Meanwhile, Iran targeted US bases in Bahrain, Kuwait and Qatar. The US Central Command (CENTCOM) announced the completion of the task, which weighed on

The post Australian Dollar rises as US Dollar softens, tensions in focus appeared on BitcoinEthereumNews.com. AUD/USD trades around 0.6940 on Thursday at the time of writing, up 0.16% on the day, as the weaker US Dollar (USD) supports the pair despite persistent tensions in the Middle East. Investors continue to view the latest exchange of attacks between the United States (US) and Iran as an attempt by both sides to strengthen their negotiating positions ahead of a potential return to peace talks, limiting demand for safe-haven assets for now. The US Dollar remains under pressure on Thursday, with the US Dollar Index (DXY) down 0.11% near 100.95 at the time of press. The Greenback struggles to benefit from stronger-than-expected US economic data, as the US Department of Labor reported that Initial Jobless Claims fell to 215K in the week ending July 4, down from 217K previously, while Continuing Jobless Claims edged up slightly to 1.814M. The US Dollar also remains weighed down by the

The post European Central Bank: September hike prospects stay firm – Nordea appeared on BitcoinEthereumNews.com. Nordea’s Jan von Gerich argues that the European Central Bank (ECB) is likely to continue tightening policy, with the outlook heavily dependent on Middle East developments and energy prices. He notes that a July move is now unlikely after lower inflation and falling Oil, but sees a September rate hike as probable, in line with current market pricing. ECB path tied to energy risks “The ECB outlook still hinges to a large extent on the developments in the Middle East and in energy prices.” “While a July hike is likely to be off the table without a significant jump in energy prices, a September rate move looks much more likely.” “However, the account supported the view that even a quick end to the conflict would not automatically mean that the ECB would be done hiking rates.” “The major fall seen in energy prices on the back of hopes of a peace in the Middle East and lower-than