EUR/USD 🔽
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔽
USD/JPY 🔼
XAU 🔽
WTI 🔼
US inflation data will be announced tonight, just before the Federal Reserve announces its interest rate. Mitrade expects a slowing annual inflation rate at 7.3% and a monthly reading of 0.3%, rate hike expectations are also adjusted to 50 basis points. This includes central banks in the Eurozone and the United Kingdom.
The US stock market ended with modest gains. As a result, the Dow Jones Industrial Average rose 528 points (+1.58%) to 34,005, the S&P 500 rose 56 points (+1.43%) to 3,990, and the Nasdaq 100 gained 143 points (+1.24%) to 11,706.
Meanwhile, the latest UK GDP results were higher than forecast, with a 1.5% year-on-year increase against a 1.4% projection. As a result, GBP/USD received a slight boost to 1.227. EUR/USD traded lower at 1.0535, and AUD/USD lost over 40 pips to 0.6745. Though USD/CAD declined to 1.3631, USD/JPY rose more than 110 pips to 137.66.
Spot gold closed at $1,781 an ounce, down $16. The US oil supply was disrupted by the Keystone oil pipeline outage, driving WTI oil futures higher at $73.17 a barrel. Bitcoin plunged below the $17,000 level but soon recovered, currently trading at 17,160.0.
GBP/USD 🔼
AUD/USD 🔽
USD/CAD 🔽
USD/JPY 🔼
XAU 🔽
WTI 🔼
US inflation data will be announced tonight, just before the Federal Reserve announces its interest rate. Mitrade expects a slowing annual inflation rate at 7.3% and a monthly reading of 0.3%, rate hike expectations are also adjusted to 50 basis points. This includes central banks in the Eurozone and the United Kingdom.
The US stock market ended with modest gains. As a result, the Dow Jones Industrial Average rose 528 points (+1.58%) to 34,005, the S&P 500 rose 56 points (+1.43%) to 3,990, and the Nasdaq 100 gained 143 points (+1.24%) to 11,706.
Meanwhile, the latest UK GDP results were higher than forecast, with a 1.5% year-on-year increase against a 1.4% projection. As a result, GBP/USD received a slight boost to 1.227. EUR/USD traded lower at 1.0535, and AUD/USD lost over 40 pips to 0.6745. Though USD/CAD declined to 1.3631, USD/JPY rose more than 110 pips to 137.66.
Spot gold closed at $1,781 an ounce, down $16. The US oil supply was disrupted by the Keystone oil pipeline outage, driving WTI oil futures higher at $73.17 a barrel. Bitcoin plunged below the $17,000 level but soon recovered, currently trading at 17,160.0.