USD/CAD climbs after Canada jobs data surprises to the downside.

USD/CAD climbs after Canada jobs data surprises to the downside.

USD/CAD edges higher on Friday as softer-than-expected Canadian employment data weighs on the Canadian Dollar (CAD), even as the US Dollar (USD) remains on the back foot following mixed US labor market data and hopes for a US-Iran deal to end the war. At the time of writing, the pair is trading around 1.3694 after […]

WTI retreats as Trump downplays Hormuz strikes, jobs data eyed

WTI retreats as Trump downplays Hormuz strikes, jobs data eyed

West Texas Intermediate (WTI) US Oil declines to around $92.00 on Friday at the time of writing, down 2.76% on the day, as markets reduce the geopolitical risk premium in the Middle East. The pullback in Oil prices comes despite renewed military tensions between the United States (US) and Iran, with investors currently favoring the […]

Geopolitics keep prices elevated – Deutsche Bank

Geopolitics keep prices elevated – Deutsche Bank

Deutsche Bank strategists note Brent Oil has rebounded above $100/bbl as markets reassess risks around the US-Iran ceasefire. Brent briefly dipped to $96/bbl but closed just over $100/bbl and is quoted near $101.64/bbl early Friday. They stress that despite higher prices, markets are still not pricing a worst-case scenario. Oil reacts to Iran conflict headlines […]