Canada adds 88,000 jobs in May, unemployment rate falls to 6.6%

Escalating US-Iran tensions threaten global oil supply, potentially destabilizing markets and impacting crypto valuations amid rising inflation. The post US military strikes Iranian radar sites after drone launch, and crypto markets are bracing for impact appeared first on Crypto Briefing.

Despite job growth, rising long-term unemployment and sector-specific gains highlight economic disparities and challenge Fed's rate decisions. The post US labor market adds 172,000 jobs in May, but job seekers face longer unemployment appeared first on Crypto Briefing.

Escalating tensions in the Gulf of Oman could destabilize global markets, impacting oil prices and increasing volatility in cryptocurrencies. The post Iran fires warning missiles and drones at US warships in Gulf of Oman, rattling energy and crypto markets appeared first on Crypto Briefing.

Robust job growth and stable unemployment may deter rate cuts, potentially impacting investment strategies and crypto market dynamics. The post American economy adds 172,000 jobs in May as unemployment holds at 4.3% appeared first on Crypto Briefing.

Canada's unexpected job surge complicates monetary policy, reducing rate cut prospects and impacting investment strategies in risk assets. The post Canada adds 87,800 jobs in May, unemployment drops to 6.6% as rate cut hopes fade appeared first on Crypto Briefing.

SOXL's trading surge highlights speculative trends and risks in leveraged ETFs, impacting retail investors and correlating with crypto markets. The post 3x semiconductor ETF SOXL surpasses trading volume of Apple and Amazon combined appeared first on Crypto Briefing.

Prolonged uncertainty in USMCA negotiations could disrupt supply chains, impact tariffs, and affect cross-border trade and investment stability. The post US, Mexico and Canada to miss July USMCA deadline, raising trade tensions appeared first on Crypto Briefing.

The meeting's implications extend to crypto markets, influencing energy prices and highlighting prediction markets' role in geopolitical risk. The post White House confirms Witkoff-Araghchi meeting in Oman, with follow-up talks set for next Saturday appeared first on Crypto Briefing.