Euro holds firm as traders assess geopolitical risks, interest rate outlook

Escalating US-Iran tensions could disrupt trade routes, spike oil prices, and intensify crypto market scrutiny amid heightened sanctions. The post US military strikes hit Iran’s Konarak port city as crypto markets brace for oil-driven volatility appeared first on Crypto Briefing.

The post European natural gas: Tight storage supports prices – ING appeared on BitcoinEthereumNews.com. ING’s Warren Patterson notes that European natural gas prices have held up better than Oil as LNG supply recovery has been modest and Middle East flows remain disrupted. Heatwaves have boosted demand, leaving EU storage just above 50%, well below the five-year average. ING expects European natural gas prices to stay well-supported through the 2026/27 winter despite some potential El Niño relief. EU gas prices seen well supported “European natural gas prices held up better than oil prices following the MoU [Memorandum of Understanding], with the LNG supply recovery more modest. Also, the ramp-up of LNG plants in Qatar will also take time. QatarEnergy has extended the force majeure on some supply until early September.” “As a result, EU gas storage remains tight, having only recently passed the 50% level, well below the five-year average of 66% full at this point in the year. It’s look

The post Japanese Yen rises as US jobless claims fail to support US Dollar appeared on BitcoinEthereumNews.com. USD/JPY trades lower near the 162.30 area on Thursday, retreating from recent highs as the Japanese Yen (JPY) recovers some ground. The US Dollar (USD) fails to receive support from stronger-than-expected United States (US) labor market data. US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, while the four-week average eased to 218.75K from 222.5K. The data suggests that layoffs remain limited, helping the Greenback avoid deeper losses. However, Continuing Jobless Claims rose slightly to 1.814 million from 1.806 million, showing that workers are taking longer to find new jobs. In Japan, attention turns to the June Producer Price Index (PPI) set to be released early on Friday. The monthly reading is expected to rise 0.3%, slowing from 0.9% previously, while the annual figure is expected to accelerate to 6.8% from 6.3%. Stronger producer

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 Dow Jones rebounds on a phone call and borrowed semiconductor strength appeared on BitcoinEthereumNews.com. The Dow Jones Industrial Average (DJIA) trades near 52,484 on Thursday, higher by roughly 0.28% and recovering only a modest slice of Wednesday’s rout of more than one percent, after President Donald Trump said Iran had called to make a deal. The bounce is real; the conviction underneath it is rented. The index sits some 470 points below Wednesday’s early peak and roughly 850 beneath the record printed at the start of the week, and buyers have needed two sessions of dip defence just to stabilize the tape, with the afternoon push only now grinding back toward the top of the two-day range. A ceasefire that only exists between airstrikes The United States launched a second consecutive day of strikes on Iran, according to Central Command, after Tehran attacked commercial shipping in and around the Strait of Hormuz and slowed traffic through the waterway to a crawl. President

The post Silver Price Forecast: XAG/USD remains stuck in a bearish channel appeared on BitcoinEthereumNews.com. Silver (XAG/USD) snaps a three-day losing streak on Thursday as a mildly weaker US Dollar (USD) and a pullback in US Treasury yields lend support to the precious metal. At the time of writing, XAG/USD trades around $60.30, up 3.38% on the day. Despite the intraday rebound, XAG/USD maintains a bearish structure, with a series of lower highs and lower lows since mid-May. The metal also trades below its key moving averages and is about 50% below its record high near $121 set in January. The metal is struggling to stage a sustained recovery as macroeconomic headwinds cap the upside. Renewed hostilities in the Middle East have revived concerns over energy-driven inflation, reinforcing expectations that the Federal Reserve (Fed) may need to raise interest rates. Higher borrowing costs tend to weigh on non-yielding metals because they become less attractive relative to interest-bear

The post US Dollar: Tariff passthrough keeps inflation pressure alive – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the New York Fed’s latest Liberty Street Economics analysis warns many United States (US) firms still plan tariff-related price increases, implying persistent inflation pressures that matter for the US Dollar (USD) and Federal Reserve (Fed) policy. Nearly half of tariff-paying companies expect further hikes, with gradual pricing and fixed contracts extending adjustment and complicating disinflation. Tariffs extend U.S. inflation timeline “The New York Fed said in its July 8 Liberty Street Economics post that more tariff passthrough still lies ahead for many U.S. firms. Drawing on regional business surveys, the institution reported that nearly half of firms that pay tariffs directly are still planning further price increases, with some expecting to raise prices six months or more from now.” “It said roughly 47% of service firms and 44% of manufactu